---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000918953.md"
description: "Maybank Reiterates BUY on CSE Global at S$2.25 After S$190.5 Million of US ContractsWed 30 Sep 2026 | Analyst Update$CSE Global(544.SG) The NumbersMaybank 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 TakeMy 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."
datetime: "2026-09-30T01:57:56.000Z"
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  - [en](https://longbridge.com/en/topics/100000000918953.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000918953.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000918953.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# Maybank Reiterates BUY on CSE Global at S$2.25 Aft…


### Related Stocks

- [544.SG](https://longbridge.com/en/quote/544.SG.md)
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## Comments (3)

- **Fattycat · 2026-10-14T02:56:07.000Z**: CSE Global trading at 1.04 now. Heavy selling .🫣.
- **tehoicelimau · 2026-09-30T03:56:34.000Z**: contract value and revenue timing are different things here, percentage of completion spreads it across the build, so the execution window matters more than the headline sum.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**