CSE Global Set to Gain From Proposed Sale of U.S. Industrial Property -- Market Talk

Dow Jones

Jan 06, 2025

0330 GMT - CSE Global will likely benefit from the US$29.25 million proposed sale of U.S. industrial property, Maybank Research's Jarick Seet says in a report. He expects the Singapore-listed company to recognize a US$8.6 million gain after tax. The technology solutions provider plans to use the sale proceeds to purchase a larger property in the U.S. That probably stems from significant growth opportunities available for the electrification of U.S. data and utilities centers, the analyst adds. The brokerage lifts its profit after tax and minority interest forecasts for CSE Global by 30% for 2024 and 5% for 2025. It raises the stock's target price to S$0.64 from S$0.60, with an unchanged buy rating. Shares are last at S$0.43. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 05, 2025 22:30 ET (03:30 GMT)

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He expects the Singapore-listed company to recognize a US$8.6 million gain after tax. The technology solutions provider plans to use the sale proceeds to purchase a larger property in the U.S. That probably stems from significant growth opportunities available for the electrification of U.S. data and utilities centers, the analyst adds. The brokerage lifts its profit after tax and minority interest forecasts for CSE Global by 30% for 2024 and 5% for 2025. It raises the stock's target price to S$0.64 from S$0.60, with an unchanged buy rating. Shares are last at S$0.43. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2025 22:30 ET (03:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CSE Global Set to Gain From Proposed Sale of U.S. Industrial Property -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCSE Global Set to Gain From Proposed Sale of U.S. Industrial Property -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-06 11:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0330 GMT - CSE Global will likely benefit from the US$29.25 million proposed sale of U.S. industrial property, Maybank Research's Jarick Seet says in a report. He expects the Singapore-listed company to recognize a US$8.6 million gain after tax. The technology solutions provider plans to use the sale proceeds to purchase a larger property in the U.S. That probably stems from significant growth opportunities available for the electrification of U.S. data and utilities centers, the analyst adds. The brokerage lifts its profit after tax and minority interest forecasts for CSE Global by 30% for 2024 and 5% for 2025. It raises the stock's target price to S$0.64 from S$0.60, with an unchanged buy rating. Shares are last at S$0.43. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2025 22:30 ET (03:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"544.SI","symbol_name":"CSE 环球","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501475579","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501475579","pubTimestamp":1736134200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0330 GMT - CSE Global will likely benefit from the US$29.25 million proposed sale of U.S. industrial property, Maybank Research's Jarick Seet says in a report. He expects the Singapore-listed company to recognize a US$8.6 million gain after tax. The technology solutions provider plans to use the sale proceeds to purchase a larger property in the U.S. That probably stems from significant growth opportunities available for the electrification of U.S. data and utilities centers, the analyst adds. The brokerage lifts its profit after tax and minority interest forecasts for CSE Global by 30% for 2024 and 5% for 2025. It raises the stock's target price to S$0.64 from S$0.60, with an unchanged buy rating. Shares are last at S$0.43. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"544.SI":"CSE 环球","CFA.SI":"NikkoAM-STC Asia REIT","BK6051":"信息科技咨询与其它服务","BK6508":"软件和IT服务概念"},"translate_title":"CSE Global将从拟议的美国工业产权出售中获益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"544.SI":0.9,"CFA.SI":1},"content_text":"0330 GMT - CSE Global will likely benefit from the US$29.25 million proposed sale of U.S. industrial property, Maybank Research's Jarick Seet says in a report. He expects the Singapore-listed company to recognize a US$8.6 million gain after tax. The technology solutions provider plans to use the sale proceeds to purchase a larger property in the U.S. That probably stems from significant growth opportunities available for the electrification of U.S. data and utilities centers, the analyst adds. The brokerage lifts its profit after tax and minority interest forecasts for CSE Global by 30% for 2024 and 5% for 2025. It raises the stock's target price to S$0.64 from S$0.60, with an unchanged buy rating. Shares are last at S$0.43. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2025 22:30 ET (03:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}