Shares & Derivatives
Is Tai Sin’s FY17 Results a Cause for Concern?
By CS Jacky - 360 Wealth Management  •  September 3, 2017
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 ......
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By CS Jacky - 360 Wealth Management
MAS dual-licensed stock remisier and financial adviser with Phillip Securities. Graduated with a Bachelor of Business Administration (Finance) from NUS. Bought first stock at the age of 22 and had been regularly investing in stock market since 2010. Select strong companies with good prospect trading at low valuation using a unique blend of fundamental, portfolio and technical analysis. Also invest in REITs for regular dividends.
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