I sold Tai Sin Electric after some un-inspiring results. This is one of my longest holding so I decided to pen down this short article as a record.
I first bought Tai Sin in Sept 2012. It is the leader in the field of manufacturing and supplying of cables to the construction players. I expected the demand for electric wires and cables, being a necessity in buildings and infrastructures, would grow with the increasing infrastructure spending by the government. In worst case i would expect it to remain constant.
The good dividends played a part too in prompting my purchase. Based on dividend of $0.0225 and a purchase price of 25.5 cts, ......