After monitoring Tai Sin Electric for almost a month, I decide to make a buy transaction. I did not add it to my stock portfolio but instead I added it to my spouse’s stock portfolio. She has now 5 stocks in her stock portfolio!
If you read my post on Looking at Tai Sin Electric Limited Market Depth, there is good support at S$0.425. Buying and selling is very similar to supply and demand. There is quite a high volume asking for S$0.46 and a lot of bid volume at S$0.42 and S$0.425.
Based on My Personal Analysis of Tai Sin Electric Limited, this will give a dividend yield return of more than 5% for my spouse.
The risk here is the slowing down of construction and infrastructure projects in Singapore. Outweighing the growth potential versus the investment risks, that is how I came to the decision to add this stock to my spouse’s stock portfolio. The management has proven to be able to ride through difficult times and I shall monitor if they are able to ride through the current storm and continue to growth Tai Sin Electric Limited and return more value to its shareholders.