CSE Global's Earnings Growth Drivers Likely Still Intact — Market Talk

CSE Global's earnings growth drivers are likely still intact, led by an expected 1.5 billion U.S. dollars worth of orders from Amazon.com over the next five years, RHB Research's Alfie Yeo says in a note. The technology company continues to grow its electrification segment by strengthening its position in data centers through the addition of new industrial space, purchase of property, and construction of buildings. RHB Research raises the stock's target price to 1.94 Singapore dollars from S$1.48 to partly reflect a valuation roll-over and maintains a buy rating. Shares are 8.4% higher at S$1.68.(ronnie.harui@wsj.com)