Tai Sin Electric has been one of my long-term shareholdings since 2012/2013. Lets take a look at its latest Financial Year results that has just been released not long ago.

Overall P&L

Tai Sin has not had a great year in FY17. The total revenue, gross profit and operating profit have decreased as seen in table above.

As a cable and wire manufacturer, it is important to monitor copper price as it is the main raw materials for cable production. Tai Sin showed ability to navigate a rising copper price in last year by maintaining a constant gross profit margin at 20.6%.

But operating margin did not fare as well and we have a decreased operating margin in FY17.

Segment Revenue Breakdown

The largest business segment, Cable & Wire, suffered a 19.3% fall in revenue. In fact its $41.9m revenue reduction is more than the fall in …