CSE GLOBAL Reports Second Quarter Earnings for FY2023
August 16, 2023
🌥️Earnings Overview
On August 10 2023, CSE GLOBAL ($SGX:544) reported its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter amounted to SGD 349.3 million, representing a 33.2% growth from the same period in the prior year. Net income for the quarter skyrocketed 143.0%, reaching SGD 11.0 million.
Stock Price
The stock opened at SG$0.5 and closed at SG$0.5, up by 1.1% from the previous closing price of 0.5. This performance was driven by strong sales and gross margin growth in the quarter, despite challenging market conditions. Overall, CSE GLOBAL‘s second quarter earnings surpassed analyst expectations and demonstrated the company’s ability to generate profits despite a challenging market environment. This is encouraging news for investors as it indicates CSE GLOBAL’s strength in generating profits. 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
GoodWhale has conducted a thorough analysis of CSE GLOBAL‘s fundamentals and has determined it is a medium risk investment in terms of financial and business aspects. In other words, CSE GLOBAL is a relatively safe investment in terms of financial and business risk. Our analysis has identified two risk warnings in their income sheet and balance sheet. To find out more about these risk warnings, please register on goodwhale.com and explore the risks associated with 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
Investors looking to invest in CSE Global should be encouraged by the company’s strong financial performance in the second quarter of Fiscal Year 2023. Total revenue was up 33.2% compared to the same period last year, while net income rose 143.0%. This impressive growth is a testament to the strength of CSE Global’s products and services and may indicate further potential upside for investors. With an experienced management team and solid market position, CSE Global appears to be well-positioned to continue to deliver strong financial performance in the coming quarters.
