0824 GMT - CSE Global stands to benefit from its strong business model, KGI Securities (Singapore)'s Tang Kai Jie says in a research report. The technology company offers engineering solutions across different industries and markets, and provides customers with other services including infrastructure maintenance, the analyst notes. Under this business model, the Singapore-listed company can receive recurring revenue from each project with customers via maintenance and checks after initial projects are finished while simultaneously sustaining stable cash flows. CSE Global's order book continues to be strong, which offers robust future cash flow, the analyst adds. The brokerage initiates coverage of the stock with an outperform rating and a target price of S$0.600. Shares are 2.15% higher at S$0.475. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 02, 2024 03:24 ET (08:24 GMT)
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