0629 GMT - CSE Global's higher-than-expected order wins in 1Q are likely to boost its earnings over 2026-2028, say CGS International's Tan Jie Hui and Lim Siew Khee in a note. Its earnings visibility increased after its stronger 1Q revenue and orders, they note. The Singapore systems integrator faces some indirect risks stemming from the Middle East conflict, such as higher input costs, they say. However, these pressures should be partly mitigated by its diversified supplier base, inventory buffers and contractual protections, they add. CGSI raises its 2026-2028 earnings per share estimates by 10%-13%. The brokerage raises the stock's target price to 2.10 Singapore dollars from S$1.50 and maintains an add rating. Shares are down 6.2% at S$1.66 after earlier gaining as much as 7.9%.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 15, 2026 02:29 ET (06:29 GMT)
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