CSE Global

$CSE Global(544.SG)

📉 CSE Global Down 50% — Time to Buy or Stay Away?

Here is our quick look at CSE Global

Price has fallen sharply from its 52-week high of S$1.89 to S$0.930. It is now trading well below its key moving averages. The RSI sits at just 17.35, signalling deeply oversold conditions.

Valuation-wise, the stock is at its lowest point in a year, in the 18.4th percentile and well below its 1-year average P/E of 20.57x.

Meanwhile, the business itself remains resilient. H1 revenue grew a strong 27.35% year-on-year to S$561.47 million, even though margins and profits faced pressure from higher financing costs.

Looking ahead, there are positive catalysts , including S$190.5 million in new US electrification contracts and an ongoing strategic review with Jefferies advising.

Is this steep drop a great buying opportunity or does the market have good reason to be cautious?

See the full technical and valuation breakdown in the infographic on your panel!

Not financial and investment advice. Please do your own due diligence.☺️

Iggy’s Journal: AEM Fell Again and Three Peers Joined It. Three Questions: Sector Move or Company Problem?

Thu 15 Oct 2026 | Morning

The Numbers

Four shares fell together on Wednesday. AEM was down 4.4% at S$9.57 during trading, and CSE Global fell as much as 8.2% to S$1.01. Both are intraday moves, not closing prices. A shared fall gives a shared direction, not a shared explanation. $AEM SGD(AWX.SG) $CSE Global(544.SG) 

My Personal Take

Wall Street’s sell-off came after SGX had closed on Wednesday, so it cannot be the reason for Wednesday’s moves. That leaves the question I put in the episode: what would have to appear in AEM’s or CSE Global’s own announcements before I treated this as a company problem and not a sector move? The order I work through is the group first, then the company’s exchange announcements, then its customers. A one-day move cannot say whether a price is cheap or dear.

📺 YouTube: https://youtu.be/nFDyNVf26fg

📩 Substack: https://investingiguana.com/p/aem-fell-again-and-three-peers-joined

Not financial advice. Iggy’s Forensic Compliance Standards apply.

Maybank Reiterates BUY on CSE Global at S$2.25 After S$190.5 Million of US Contracts

Wed 30 Sep 2026 | Analyst Update

$CSE Global(544.SG) 

The Numbers

Maybank Research reiterated its BUY on CSE Global with a S$2.25 target price after two new US contracts worth a combined S$190.5 million. The first covers power-distribution centres and integrated electrical and control systems for the Calcasieu Pass 2 LNG expansion in Louisiana, executed from 2026 to 2028. The second is a follow-on for the Cheyenne Power Hub in Wyoming, supplying power-distribution infrastructure for an adjacent data centre in 2026 to 2027.

Maybank expects a stronger 2H26 as CSE's new facility reaches a monthly run rate of US$20 million to US$23 million, and says resolving the copper-supply bottleneck could potentially double that run rate. It also forecasts capacity more than tripling by 2027 to 2028, another data-centre customer by 1Q27, and an AWS order of roughly US$250 million to US$350 million for FY27, which it expects could arrive by December. The contracts are secured. The AWS order and the new client are Maybank forecasts, not company-announced orders.

My Personal Take

My first reaction to S$190.5 million was that it was the news. What I almost missed is that the forecast in the same note is larger: the low end of Maybank's AWS range, US$250 million, is about S$320 million at Tuesday's 1.2780 USD/SGD, and no company has announced it. It took me a while to keep the signed and the forecast apart in my head, because both sit under one BUY. A company announcement of the AWS order would change how I weigh this, and so would December passing without one. 🦖

Not financial advice. Iggy's Forensic Compliance Standards apply.