CSE GLOBAL Reports Second Quarter Earnings for FY2023
August 21, 2023
🌥️Earnings Overview
CSE GLOBAL ($SGX:544) revealed their financial results for Q2 of FY2023, which ended June 30 2023, indicating a total revenue of SGD 349.3 million – an increase of 33.2% year over year. Additionally, net income grew to SGD 11.0 million, a significant 143.0% increase from the same period in the previous year.
Market Price
CSE GLOBAL reported its second quarter earnings for the fiscal year 2023 on Thursday. The company’s stock opened at SG$0.5 and closed at that same price, representing a 1.1% increase from the previous closing price of SG$0.5. Although the share price movement was modest, it is encouraging news for investors who have been watching CSE GLOBAL’s financials closely.
The company has reported consistent profits over the past two quarters, indicating that its business strategy and operations are proving to be effective. With the positive momentum continuing, traders are likely to remain bullish on the stock in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cse Global. More…
| Total Revenues | Net Income | Net Margin |
| 644.79 | 11.24 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cse Global. More…
| Operations | Investing | Financing |
| -5.12 | -42.64 | 45.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cse Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 570.96 | 357.04 | 0.35 |
Key Ratios Snapshot
Some of the financial key ratios for Cse Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | -18.4% | 3.9% |
| FCF Margin | ROE | ROA |
| -3.1% | 7.4% | 2.8% |
Analysis
At GoodWhale, we conducted an analysis of CSE GLOBAL‘s wellbeing. The results of our Risk Rating show that CSE GLOBAL is a medium risk investment in terms of financial and business aspects. During our analysis, we detected two risk warnings from the company’s income sheet and balance sheet. We invite you to register with us to get access to these warnings and further explore our findings. With our rating, you can make an informed decision when it comes to investing in CSE GLOBAL. More…
Peers
The company has a strong presence in Asia, with operations in Singapore, Malaysia, Indonesia, China, and India. CSE Global‘s main competitors are Data3 Ltd, SIG Group Co Ltd, Edaran Bhd, and other engineering service providers.
– Data3 Ltd ($ASX:DTL)
3Data Ltd has a market cap of 1.05B as of 2022, a Return on Equity of 47.53%. The company is a provider of data and analytics solutions. It offers a range of products and services to help organizations make better decisions, including data visualization, data mining, and predictive analytics.
– SIG Group Co Ltd ($TSE:4386)
SIG Group Co Ltd is a Chinese conglomerate with interests in a wide range of industries, including construction, real estate, retail, and food and beverage. The company has a market cap of 2.69 billion as of 2022 and a return on equity of 14.66%. SIG Group is headquartered in Beijing and has operations in China, Hong Kong, and the United States.
– Edaran Bhd ($KLSE:5036)
Edaran Berhad is a Malaysian public company with a market capitalization of 30.4 million as of 2022. The company is involved in the provision of financial services, including investment banking, corporate finance, and asset management. The company has a return on equity of 6.68%.
Summary
CSE GLOBAL investors have been rewarded with impressive growth in the second quarter of FY2023. Total revenue increased by 33.2% year over year, while net income grew by 143.0%. The company has made a strong recovery from the first quarter of FY2023, showing strong potential for continued growth. Investors should remain cautiously optimistic about CSE GLOBAL’s continuing success and consider further investing in the company based on its impressive performance.
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