This is one penny stock where I see frequent discussion and praises on how good this company is. I decided to do some research and personal analysis on this company to reduce the risk of stepping into a land mine if I decide to add this to my stock portfolio.
Tai Sin Electric Limited, a business with 35 years of history started as a cable manufacturing business in 1980. Tai Sin Electric was listed on the SESDAQ (“Stock Exchange of Singapore Dealing and Automated Quotation”) in 2005 and later transferred to SGX main board in 2005.
With a long business history, Tai Sin Electric Limited businesses were very diversified as it invested in Electrical Equipment, Switchboard, Lamps and Lighting and even Sanitory which deals with plumbing and sewage works. In 2007, Tai Sin Electric Limited went through a restructure to classify their business into four clusters (Manufacturing, Distribution, Services, Strategic Investment). (more…)