Monday, January 7, 2013

CSE Global

CSE Global: Grp announced that it has secured two contracts worth a combined $26m. The first contract is a telecommunications project as part of the Inpex LNG project in Australia. The second is a full turnkey engineering project in the UK defense sector. As these contracts already form part of house $600m new order estimate for FY13F, house keeps BUY rating and $0.99 fair value estimate unchanged.

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