Tai Sin Electric Second Quarter Financial Results

The share price of Tai Sin Electric fell to S$0.40 after the company released a set of poor results. Despite increasing copper prices, it is heartening to know the company posted a revenue increase in the Cable & Wire business segment although gross profit margin was lower. This segment makes up the largest percentage of the company revenue.

Overall, the company cash and cash equivalent decreased to $19.74 million compared to $22.08 million at the end of the last period. This is a 10.6% decrease in cash flow. In summary, the company suffers from higher administrative expenses such as staff costs, foreign exchange loss (weaker US dollar against Singapore dollar) and higher advertising and marketing expenses in Vietnam. Read More

Have You Heard of Spiking?

Recently, someone posted a screenshot that shows insider trades. It got almost everyone in the forum thread asking what is this application and how did they get the information.

I finally found out what application it is. The application is called “Spiking” and you can download it from the app store for iPhone and Google Play store for Android users.

If you didn’t know, Spiking is actually a homegrown app. Spiking allows investors to track the stock transactions and portfolios of investors. Interestingly, they classify investors into “Blue Whales”, Millionaires and Billionaires. Read More

Summary of August 2017 Transactions

A summary of my August 2017 transactions came late as I went for a short holiday over the long weekends. In the month of August, I have sold off Lippo Malls Indonesia Retail Trust. (You can read more of my reasons here: Goodbye Lippo Malls Indonesia Retail Trust)

I have also received my company performance bonus in August. As I currently have no stock in mind to invest, I decided to park a portion of my bonus into the Singapore Savings Bond. (Singapore Savings Bond versus Savings Account versus Fixed Deposits)

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