Personal opinion: CSE seems like quite an attractive investment proposal to me

Reasons:
- Strong order books
- Optimistic on multiple fronts
- Strong mgmt capabilities
- Potential M&A target
- Cheap valuations

Risks:
- Foreign currency risk
- Downturn in the oil & gas sector

Do take a look http://ernestlim15.blogspot.com/2010/10/cse-global-record-results-underpinned.html for more details.