Elevator Pitch
I downgrade my rating on Singapore-listed systems integrator CSE Global Limited (OTCPK:CSYJY) (OTCPK:CSYJF) [CSE:SP] from Bullish to Neutral.
A new substantial shareholder has emerged for CSE Global, with Malaysia-listed oil & gas engineering firm Serba Dinamik Holdings Berhad [SDH:MK] selling its 25% stake in the company to Heliconia Capital Management, an investment firm based in Singapore. Heliconia Capital Management could potentially help to broker deals for CSE Global and broaden the company's access to financing opportunities. But it is too early to tell whether these potential positives will be