Tai Sin

[Ben]

Moving up lately, looks like people are anticipating good results to be announced soon.

[NTL]

Moving up lately, looks like people are anticipating good results to be announced soon.

Flat result.

Why am I not surprised? Oh, I know, coz they seems to have a weak quarter every year to pull down the result, and this time round, it happen to be the 4th quarter.

[valuebuddies]

Results is out:

http://infopub.sgx.com/FileOpen/1st%20qu...eID=323612

- Revenue down 4%
- Profit margin reduced from 21.7% to 19.6%
- EBT down 13.5%
- EPS/Q down to 1.23c versus 1.44c a year ago
- based on 1.23c/Q, PE multiple is approximately 7.5

The Group achieved revenue of $78.71 million for the 3 months ended 30 September 2014, a decline of
3.88% from $81.89 million in the last corresponding period. The decrease in revenue was mainly derived
from :
a) the Electrical Material Distribution (“EMD”) Segment which decreased by $6.47 million. This was mainly
due to (i) disposal of a subsidiary – Vynco Industries (NZ) Limited in December 2013 which accounted
for $5.56 million in the last corresponding period; and (ii) restructuring of the EMD business in Vietnam
by Lim Kim Hai Electric (VN) Co. Ltd (“LKHVN”) which represents the 3 cable factories. LKHVN
contributed $2.69 million to the EMD Segment in the last corresponding period. The decrease was
however compensated by increase in revenue from the domestic market of the EMD Segment which
benefited from growth in the Electronics Industry in Singapore.

b) the Switchboard Segment which decreased by $0.71 million, as infrastructure projects were completed
in last financial year.

[valuebuddies]

Result is out:

http://infopub.sgx.com/FileOpen/Q2_ANNOU...eID=334558

- Revenue down 4.8%
- Profit margin reduced from 21.3% to 19.9%
- EBT down 8.8%
- EPS/H down to 2.44c versus 2.67c a year ago
- based on 2.44c/H, PE multiple is approximately 7.4

The Group’s performance may be affected by the global economic slowdown.

We expect this to affect the global electronics industry to grow at a slower pace, which might have an impact on the EMD Segment.

This economic slowdown will also affect our Group’s businesses as more commercial and industrial developments are delayed or are put on hold.
In Singapore, the effects of the property cooling measures and the current slowing down of the public housing construction will have an impact on the residential building market.

With the substantial decline in oil prices, customers budgets for facilities upgrades may be reduced or shelved. This will have an impact on the Test & Inspection Segment and the EMD Segment.

With the number of large scale projects in the government’s infrastructure pipeline that have been introduced, these continue to provide opportunities for our group’s business segments locally. However, any delay in these projects execution will affect us going forward.

[cyclone]

Acquisition of All the Ordinary Shares of cast Laboratories Pte. Ltd. not already owned by Tai Sin Electric Limited
 
Tai Sin Electric Limited wishes to announce that it had on 1 July 2016 acquired all the 737,542 fully paid-up ordinary shares of Cast Laboratories Pte. Ltd. ("Cast Lab") not already owned by Tai Sin, at $4.609907 per ordinary share, representing approximately 20.9% of the total number of issued and fully paid-up ordinary shares of Cast Lab  for an aggregate consideration of $3,400,000.

[wind22i]

AN UNDERVALUED GEM.
Tai Sin Electric: 1HFY17 net profit rose 15.3% to $10.9m. Gross margin widened 2.7ppt to 21.5%. Interim DPS of 0.75¢ maintained.
NAV/share at $0.3767
Its trading at close to its NAV.
SOURCE:SGX

[wind22i]

How Budget 2017 gave this stock a leg up in growth prospects

By: 

Trinity Chua

24/02/17, 01:03 pm

SINGAPORE (Feb 24): A piece of good news for Tai Sin Electric has just arrived in the form of Singapore’s Budget. The government said on Feb 20 that it would bring forward $700 million worth of public infrastructure projects to start this year and the next.

Tai Sin, which primarily provides electrical cabling and wiring for public and commercial works, is poised to benefit.

Besides projects in Singapore, Tai Sin could benefit from more government contracts in Malaysia. The Malaysian government unveiled a list of projects ranging from rail to bridges worth US$15 billion ($21.3 billion) last year as part of its federal budget. It also plans to build a 600km rail network that would cost US$13 billion.

On Feb 21, shares in Tai Sin closed at their highest in five years at 40.5 cents. The stock is up 9.5% this year and is trading at 7.2 times historical earnings.

The company will begin trading ex-dividend for an interim dividend of 0.75 cent a share on March 7. The dividend will be paid out on March 16. For FY2016 ended June, Tai Sin paid total dividends of 2.35 cents apiece, which is 0.1 cent more than the total dividend per share in FY2015.

As Tai Sin grows, company officials say their biggest worry is labour cost and space constraints in Singapore – but the company has plans to bring the cost down.

For the full story on Tai Sin, don’t miss this week’s edition of The Edge Singapore (Issue 768, week of Mar 5), available at major bookstores, 7-11 stores, and selected petrol stations.

[cyclone]

Tai Sin Electric business may not be sexy but it's steady

By: Trinity Chua
24/03/17, 04:09 pm

SINGAPORE (March 24): The lobby of Tai Sin Electric sports a purple-and-red robot on one side and an assortment of cables and wires on the other.

“This is our business,” says CEO Bernard Lim, gesturing at the cables and wires, “Not the robot.”

While there is nothing sexy about Tai Sin’s main business segment, it remains a steady revenue generator.

Since 2012, the business has grown 50.8% and margins have improved from 5.5% to 9.9% despite the general slowdown in the construction sector in the last few years.

Tai Sin thinks being a Singapore-based company has given it an advantage.

“We can supply to contractors on a daily basis, sometimes even twice a day,” says Lim.

Tai Sin also has a 30% share of Singapore’s cable manufacturing industry.

More details in http://www.theedgemarkets.com.sg/article...its-steady

For more information on why Tai Seng could be an attractive option for investors, get this week’s issue of The Edge Singapore (Issue 772, week of March 27), available at newsstands today.

[karlmarx]

The slowdown in the construction industry has not left Tai Sin unscathed. Profit fell from $23m in FY16 to $18m in FY17. However, dividend remained the same at 1.6 cents.

http://infopub.sgx.com/FileOpen/FY_ANNOU...eID=468583

[wind22i]

The slowdown in the construction industry has not left Tai Sin unscathed. Profit fell from $23m in FY16 to $18m in FY17. However, dividend remained the same at 1.6 cents.

http://infopub.sgx.com/FileOpen/FY_ANNOU...eID=468583