CSE posted a good set of 3QFY10 results

CSE posted a good set of 3QFY10 results on 11 Nov, after the close of trade.

Revenue rose 7% from $102M in 3QFY09 to $109M in 3QFY10. Net profit rose 19% from $12M in 3QFY09 to $14M in 3QFY10. EPS rose 12% from 2.5SGD cts in 3QFY09 to 2.8SGD cts in 3QFY10.

Excluding FX translation effects, 3QFY10 revenue and net profit would have risen by 14% and 26% respectively.

Some interesting points

4Q should be stronger with more recognition from more projects;

Contract wins should be stronger underpinned by gas projects in UAE, Australia and healthcare projects in the UK

Dividend per share for FY10 should be around 4.0-4.5 SGD cts, (in view of the stronger earnings, better earnings visibility, lower gearing), translating to a dividend yield of 3.6% – 4.0%. If CSE distributes 4.0-4.5SGD cts, it will be 14% – 29% higher than the dividend distributed in FY09.

Figure 1: Analyst target prices as of 12 Nov 10

Source: Bloomberg
Disclaimer
The information contained herein is the writer’s personal opinion and is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided herein do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or invest in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein are suitable for you. The writer will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials appended herein. The information and/or materials are provided “as is” without warranty of any kind, either express or implied.  In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials

18 thoughts on “CSE posted a good set of 3QFY10 results

  1. ұлттық құрылтай 2024 должностные инструкции педагогических
    работников рк, должностные инструкции рк адилет чси реестр, реестр должников чси боулинг-центр, боулинг тараз
    ташкентская

  2. где можно купить права в петропавловске, помогу купить права алматы опрыскиватели аккумуляторные, опрыскиватель помповый еңбекті қорғау дегеніміз не, еңбекті қорғау реферат
    63 жас пайгамбар жас, мухаммад пайгамбар саллаллаху алейхи вассалам

  3. люстры астана недорого, люстры астана для зала дел мастер, карагандинский
    музыкальный театр куран китап цена алматы, купить коран в алматы на казахском языке кенесары
    наурызбай жыры тақырыбы, кенесары наурызбай жыры авторы

  4. сауда орталық деген не, сауда түрлері алау тв костанай прогноз погоды,
    алау прямой эфир шығыс актобе, мега шыгыс – актобе маршрут титры антиэритроцитарных
    антител 1:0 что значит, иммуноглобулин беременным

  5. чп в армии, военные новости казахстана на сегодня расписание поездов
    тараз – астана, тараз – астана поезд тальго расписание
    ночной клуб алматы эсперанза,
    самые дорогие ночные клубы алматы шапырашты кай
    жуз, шапырашты руынан шыққан батыр

Leave a Reply

Your email address will not be published. Required fields are marked *