CSE Global Shares Surge to Multi-Year High on New Orders — Market Talk

CSE Global closed 12% higher at S$1.52, its highest closing level since 2007, after disclosing a 75% on-year growth in 1Q new orders. The strong gain in new orders reflects robust demand for the systems integrator, which provides electrification, communications and automation solutions, its chief executive and group managing director Lim Boon Kheng says in a news release. The company has a healthy order book and tender pipeline, but remains cautiously optimistic about maintaining momentum as macroeconomic and geopolitical headwinds evolve, he adds. (megan.cheah@wsj.com)