On 7 February 2024, Tai Sin Electric Limited (“TSE”) have announced their half year result for FY2024. There was a slight weakening of their fundamentals with the decrease in revenue and earnings. Notably as well there was an increase in borrowings which management have indicated were used to purchase copper. This might be something investors should take note of, especially as their trade receivable balance continue to increase, which might translate to cashflow issues. Investors will need to take note and assess if this is a substantial risk.

Website: Financial Statements And Related Announcement::Half Yearly Results

Photo source: https://www.taisin.com.sg/about-us/

Background

TSE is a Singapore-based investment holding company. The Company is engaged a cable and wire manufacturer and dealer in such products. Listed on the Stock Exchange of Singapore Catalist (formerly known as SESDAQ) in 1998, the Group was subsequently transferred to the SGX Main Board in 2005. Its operating