Tai Sin

[paullow]

At current price of 25c, pe is 5.6 pb 0.87 and dividend yield 8.4%, still looks attractive to go in, considering that its local cabling market share of 30% with potentially more projects to go.

[Ben]

At current price of 25c, pe is 5.6 pb 0.87 and dividend yield 8.4%, still looks attractive to go in, considering that its local cabling market share of 30% with potentially more projects to go.

Where did you get the 30% market share info from?

There are many pte and public projects going on in the near future. I am not sure if Tai Sin can benefit from those high profile projects like those undertaken by SP and those new MRT lines, do they have the right products for such projects? But I am quite sure Tai Sin will benefit from the booming housing market. They will also benefit from the regional countries that they operated in, for expamle Malaysia Iskanda project and Vietnam development.

[paullow]

From research house reports some ago. Market share remained consistent then so i would think its ard that figure now. One way to check this put would be to attend this coming agm and ask bobby. Think he wld be best person to answer this.

[Ben]

testing 0.26 now, facing some resistance, but once breakout, next target is xxx...haha, talk like a TA guy, but sorry, I know nothing about TA

At current price, yield is an attractive 8% and still trading below NTA. So still undervalued to me.

[paullow]

testing 0.26 now, facing some resistance, but once breakout, next target is xxx...haha, talk like a TA guy, but sorry, I know nothing about TA

At current price, yield is an attractive 8% and still trading below NTA. So still undervalued to me.

I won't be surprised if this stock turns from a defensive stock to a growth one.

[paullow]

Going up steadily. Touching 26.5c already. Wow. Up more than 50% in 1yr.

[Ben]

yes, it is getting notice by more people. The AGM is coming, SH should make an effort to attend and get to know Bobby Lim and his son, they are decent guys who run the company prudently and carefully.

[thefarside]

Tai Sin has decided not to issue script dividends this time round, which means they need to folk out about $6.2M cash. I am sure the company is confident about their ability to generate cash moving forward.

http://info.sgx.com/webcoranncatth.nsf/V...20024EDDE/$file/2012-1010_Apply_SDS.pdf?openelement

Scrip dividend offered by Tai Sin for this round as well. Good opportunity to get some at hopefully a discount.

[paullow]

The last scrip was good. Shareholders who chose it got their shares at 16c! Which means that those who got 10lots of scrip at 16c now worth 1k more if they had kept those shares 1yr later. Classical money makes money story albeit on a small company.

and most of the largest shareholders would elect to receive shares instead of shares.

hence cash level would go up, making it in a better position to fund acquisitions. Cast Lab is one such recent buys and it should be starting to add to taisin's profit already.

[Hongwei]

The current liabilities, consisting mostly of guarantees for its subsidiaries, is higher than cash balance. In a sudden downturn or sharp contraction of the asian economies, wouldn't the company be facing liquidity issues?

I was looking to buy Taisin but halted after i saw the balance sheet. Doesn't seemed to make sense when the company is keeping so little cash for current liabilities..