Tag: Tai Sin Electric Limited

Recently, Tai Sin Electric Limited had announced their full year financial statement for the year ended 30 June 2018. A dividend of 1.50 cents was also declared.

I have done My Personal Analysis on Tai Sin Electric Limited last year (2017) and have added this small cap stock to my wife’s stock portfolio. The stock price had declined slightly since I bought this stock for my wife. Cable & Wire business segment, which was the main revenue contributor to Tai Sin Electric Limited was affected by the increase in copper prices over the past quarters. This have caused their gross profit margins to be compressed.

Now, let us look at their FY18 full year results ended 30 June 2018. Read More

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