0439 GMT - CSE Global's order wins look poised to pick up in 4Q, says Maybank Research analyst Jarick Seet in a note. The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
November 04, 2024 23:39 ET (04:39 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.