Looking at Tai Sin Electric Limited Market Depth

Tai Sin Electric has been on my watch list for quite some time and I have been hesitating to buy it since my last analysis on it as the stock price as been rather stagnant at $0.44. (Read more at My Personal Analysis of Tai Sin Electric Limited).

Today, I learn something new today called “Market Depth“. Above is a screen shot of the Market Depth of Tai Sin Electric Limited on 26th May 2017. On the left hand side of the above picture is the bid price and bid volume or in simple terms we call it as “buyers”. On the right hand side is the ask price and ask volume aka “Sellers”. The green colored cells represent the possible support level at S$0.425 and the red colored cells represents the possible resistance level at $0.460.

From the above picture, it shows that there is higher buy volume than sell volume and thus this stock Tai Sin Electric Limited is still bullish.

Here are some things I personally observed about Market Depth

  1. Market Depth information is dynamic. This means that the information is only valid for a day or maybe a few hours. It is simply based on supply and demand. When I looked at Tai Sin Electric Limited Market Depth this morning, there is asking price of $0.435 but you notice at this moment, it is gone. Someone has scooped up the queue price of $0.435!
  2. The order volume or price may not be accurate. If you see the lowest bid price and highest ask price, you will think how is that possible for the stock price to fluctuate that much within a day. If you place that bid, most like your trade will expire and will not be filled for the day.

In conclusion, if I bid Tai Sin Electric Limited at $0.42, it is unlikely for me to get it today because there is no asking price at $0.42. I should bid at $0.44 if I should decide to add Tai Sin Electric Limited to my stock portfolio.

OUE Hospitality Trust 1Q2017 Results – Signs of Recovery?

OUE Hospitality Trust Logo

Recently, I noticed the share price of OUE Hospitality Trust has gone up slight by a bit. It even broke above $0.70 on 5th April 2017. While research reports published by analyst says that hospitality sector is improving and the worst may be over for 2017, I still have doubts. Since OUE Hospitality Trust makes up 5% of my current stock portfolio, I decided to take a brief look at its 1Q2017 financial results.

Below are some notes I took from the OUE Hospitality Trust 1Q2017 financial results presentation. Read More

Kingsmen Creatives Turning Around in 1Q2017

Kingsmen Creative Logo

Kingsmen Creatives have just released their 1Q2017 results.

  • Kingsmen Creatives recorded a revenue of S$66.2 million in first quarter of 2017 which is an increase of S$4.7 million or 7.7% compared to S$61.5 million in 1Q 2016.
  • Gross profit in 1Q 2017 increased by S$2.2 million or 16.2% to S$15.6 million compared to S$13.4 million in 1Q 2016. The increase was a result of higher revenue and gross profit margin recorded. Gross profit margin was higher at 23.5% in 1Q 2017 compared to 21.8% in 1Q 2016.
  • Cash and cash equivalent decreased to S$58.5 million. In my previous post, I mentioned they have cash and cash equivalent of S$74.6 million. I feel that there is nothing to worry about as Kingsmen Creatives have an increase in working capital requirements of S$12.6 million and they are still cash rich.

Read More