Key Indices
Top Stories
Company Update | CSE Global (CSE SP/BUY/S$0.96/Target: S$1.79)
- Key takeaways from our recent meeting with management suggest that CSE’s outlook remains positive, with more DC contract wins expected by end-26. We project stronger 2H26 margins as start-up costs normalise. Credit risk is relatively low given CSE’s exposure to established hyperscalers and US government end-users. Maintain BUY with a S$1.79 target price. CSE trades at 15x 2027F PE.
Market Spotlight
- US stocks were lower on Friday. All indices fell as the information technology, communication services and consumer discretionary sectors slid. There were more decliners than advancers on both the NASDAQ and NYSE.
- The FSSTI rose 12.03pt to 5,415.53, supported by strength in DBS, Singtel and ST Engineering. Mid-cap indices fell while small-cap indices rose, with a broad market advance on S$2.08b turnover.
Technical Analysis
Monthly Technical Regional Indices Watch – STI Outlook
Top Stories
Company Update | CSE Global (CSE SP/BUY/S$0.96/Target: S$1.79)
- Key takeaways from our recent meeting with management suggest that CSE’s outlook remains positive, with more DC contract wins expected by end-26. We project stronger 2H26 margins as start-up costs normalise. Credit risk is relatively low given CSE’s exposure to established hyperscalers and US government end-users. Maintain BUY with a S$1.79 target price. CSE trades at 15x 2027F PE.
Market Spotlight
- US stocks were lower on Friday. All indices fell as the information technology, communication services and consumer discretionary sectors slid. There were more decliners than advancers on both the NASDAQ and NYSE.
- The FSSTI rose 12.03pt to 5,415.53, supported by strength in DBS, Singtel and ST Engineering. Mid-cap indices fell while small-cap indices rose, with a broad market advance on S$2.08b turnover.
Technical Analysis
Monthly Technical Regional Indices Watch – STI Outlook
Key Indices
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