Between Apr 7 and 9, Tai Sin Electric executive director and CEO Bernard Lim acquired 216,700 shares at S$0.39 a share. This increased his total interest in the industrial group from 18.17 per cent to 18.22 per cent. Lim has gradually increased his total interest in the company from 14.82 per cent at the end of 2019.

Between Sep 9 and 10, Tai Sin Electric : 500 -1.25% executive director and CEO Bernard Lim Boon Hock acquired 1,179,955 shares at S$0.40 per share. This increased his total interest in the industrial group from 17.74 per cent to 18.00 per cent. It followed his buying of 200,000 shares at S$0.395 per share on Aug 30.

 

Lim has gradually increased his total interest in the company from 14.82 per cent at the end of 2019.

 

Tuan Sing Holdings

Nuri Holdings has continued to increase its interest in Tuan Sing Holdings : T24 -1.85% from 53.65 per cent prior to Aug 21, to 53.95 per cent as at Sep 11. This increased the deemed interests of executive director and CEO William Liem and non-executive and non-independent director Michelle Liem Mei Fung.

 

The 730,300 shares acquired between Sep 5 and Sep 11 were transacted at an average price of S$0.239 per share.

Tai Sin Electric

On Aug 30, Tai Sin Electric : 500 +1.27% executive director and CEO Bernard Lim Boon Hock acquired 200,000 shares at S$0.395 per share.

 

This increased his total interest in the industrial group from 17.70 per cent to 17.74 per cent. Lim has gradually increased his total interest in the company from 14.82 per cent at the end of 2019.

 

Tai Sin Electric reported its H2 F20Y24 (ended Jun 30) revenue increased 6.87 per cent from H2 FY2023, to S$204.9 million, driven by growth across all segments in South-east Asia.

 

For FY2024, the group&rsquo s revenue decreased by 5 per cent from FY2023 to S$400.7 million, with declines in the electrical material distribution and cable and wire segments, partially offset by growth in the test and inspection segment.

 

This boosted the group&rsquo s H2 FY2024 net profit to increase 61.6 per cent to S$7.7 million from H2 FY2023, while the FY2024 net profit decreased 12.3 per cent from FY2023 to S$14.7 million.

 

The group relayed that it is constantly on the lookout for suitable business opportunities to drive sustainable growth in South-east Asia, capitalising on resilient domestic demand underpinned by the continued development of digital infrastructure and the burgeoning green economy.

Between Feb 19 and 20, Tai Sin Electric : 500 0% chairman, non-executive and non-independent director, Bobby Lim Chye Huat, acquired 50,100 shares at an average price of S$0.40 per share. With a consideration of S$19,790 this increased Lim&rsquo s interest in Tai Sin Electric from 6.66 per cent to 6.67 per cent.

 

For its H1FY24 (ended Dec 31) the group reported revenue of S$195.745 million, a decline of 14.8 per cent from its H1FY23. The decline in revenue was across all the segments except for the testing and inspection segment.

 

The group noted that while the business environment is expected to remain challenging, the growth prospects of the local manufacturing and trade-related sectors are expected to improve in tandem with the turnaround in global electronics demand.

On Oct 23, the spouse of Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock acquired 464,000 shares of the company.

 

The shares were acquired by Pang Yoke Chun at S$0.40 per share which increased Lim&rsquo s total interest in the South-east Asian industrial group from 17.55 per cent to 17.65 per cent.

 

Lim has gradually increased his total interest in the company from 14.82 per cent at the end of 2019.

On Sep 19, Tai Sin Electric : 500 0% chairman, non-executive and non-independent director Bobby Lim Chye Huat acquired 135,700 shares at S$0.40 per share. With a consideration of S$54,280, this increased Lim&rsquo s interest in Tai Sin Electric from 6.63 per cent to 6.66 per cent. This followed his acquisition of 51,000 shares at S$0.40 per share between Sep 7 and Sep 13.

 

Between Sep 7 and 13, chairman, non-executive and non-independent director, Bobby Lim Chye Huat acquired 51,000 shares at S$0.40 per share. With a consideration of S$20,400 this increased his interest in Tai Sin Electric from 6.61 per cent to 6.63 per cent.

 

On Aug 28, Tai Sin Electric reported FY23 (ended Jun 30) group revenue of S$421.7 million in the current financial year, up by 11.3 per cent in FY22. At S$280.228 million for FY23, the cable & wire segment&rsquo s revenue increased by 20.6 per cent from FY22.

 

This increase came from Singapore, Malaysia, and Vietnam&rsquo s cable & wire segment, primarily driven by higher sales volume as both public and private sector construction activities continued to recover. In addition, FY23 sales were boosted by revenue contribution from a newly acquired Malaysian subsidiary.

 

Looking forward, the group noted that it will continue to focus on executing its strategy and is constantly on the lookout for suitable business opportunities in South-east Asia where demand is expected to remain resilient.

 

The group reiterated that growing investment in digital infrastructure and rapid adoption of emerging technologies, such as artificial intelligence, will present opportunities for it to support the growth of the digital economy. It also believes that the collective commitment of industry participants to decarbonise transportation has fuelled the growth of the electric vehicle ecosystem that will pave the way to strengthen its involvement in a sustainable economy.

On Apr 13, the spouse of Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock acquired 9,500 shares of the company.

 

The shares were acquired by Pang Yoke Chun at S$0.39 per share and marginally increased Lim&rsquo s total interest in the South-east Asia industrial group, which is 17.49 per cent.

 

Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019.

 

The writer is the market strategist at Singapore Exchange (SGX).

On Apr 11, the spouse of Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock acquired more shares of the company. This increased Lim&rsquo s total interest by 20,000 shares. The shares were acquired by Pang Yoke Chun at S$0.39 per share. With a consideration of S$7,800, the acquisitions marginally increased Lim&rsquo s total interest in the leading South-east Asia industrial group which is 17.49 per cent. Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019.

 

Between Mar 23 and 27, the spouse of Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock increased his total interest by 171,000 shares. The shares were acquired by Pang Yoke Chun at S$0.39 per share.

 

With a consideration of S$66,690, the acquisitions increased Lim&rsquo s total interest in the leading South-east Asia industrial group from 17.45 per cent to 17.49 per cent.

 

Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019.

Tai Sin Electric has announced a profit attributable to shareholders for the FY2022 of $22 million, up 27.3% year-on-year (y-o-y) from $17.3 million in FY2021.

 

Earnings per share for the full year have been announced at 4.78 cents on a fully diluted basis, an increase from 3.75 cents per share the year before.

 

The company&rsquo s revenue for the FY2022 stood at $379.1 million, with a sales cost of $299.0 million, a revenue increase of 27.0% from FY2021 compared to the smaller 16.3% increase in sales cost.

 

For the six months ended June 30, Tai Sin reported revenue of $204.2 million, up 24.72% from $163.7 million in the 2HFY2021. Revenue growth came from its cable and wire segment and electrical material distribution segment, on account of an expansion in both public and private sector construction activities and sustained global demand for semiconductors and semiconductors equipment, says the company.

 

Tai Sin&rsquo s gross profit (GP) almost doubled to $80.1 million in the FY2022 from $41.4 million in FY2021, a 93.5% y-o-y increase, taking its GP margin grew from 13.86% in FY2021 to 21.12% in FY2022. This was attributed mainly to the reversal of provision for onerous contracts of $10.130 million, offset partially by deliveries of low margin projects that were secured two to four years ago when the copper price was low.

 

For the FY2022, Tai Sin&rsquo s cash and cash equivalents decreased to $29.2 million compared with $39.3 million at the end of the previous financial year. The company&rsquo s net cash used in operating activities of $7.4 million was attributed to an increase in trade receivables and inventories and payment of income tax offset by operating profit before working capital changes, decrease in contract assets and other receivables and increase in trade and other payables as well as advances received from customers.

 

The company has announced interim tax-exempt dividends of 0.75 cents per ordinary share for FY2022. The final tax-exempt dividend announced for FY2021 came to 1.5 cents per ordinary share.

 

The ongoing geopolitical tensions, inflationary pressures and aggressive tightening of monetary policy are expected to weigh on the macroeconomic environment, increasing risks of a global recession and amplifying the volatility in commodity prices and exacerbating supply chain disruptions, says Tai Sin. It warns that this could result in higher input costs amidst a tight labour market.

 

However, it remains &ldquo cautiously optimistic&rdquo of the industry prospects, particularly in the industrial, infrastructure and energy sectors where demand is expected to remain resilient because of secular growth trends. Tai Sin says it will also remain vigilant in managing the ongoing price tension arising from the global shortage of copper, volatile copper prices, elevated shipping and freight costs, as well as growing domestic wage pressures.

 

Between May 4 and 10, Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock&rsquo s deemed interest increased in the company by 500,000 shares at 39.0 cents per share. This was due to acquisitions made by both his spouse and daughter. With a consideration of S$195,000 the acquisitions took his total interest in the company from 17.38 per cent to 17.49 per cent. This followed his acquisition of 115,300 shares in his own name at 39.0 cents per share on Mar 23. Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019 and he has been an executive director of the company since September 1997.   

 

On Mar 23, Tai Sin Electric Tai Sin Electric : 500 -1.27% executive director and CEO Bernard Lim Boon Hock acquired 115,300 shares of the company at an average price of 39.0 cents per share. With a consideration of S$44,967, this took his total interest in Tai Sin Electric from 17.35 per cent to 17.38 per cent.

 

Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019 and he has been an executive director of the company since September 1997.

 

On Mar 16, Tai Sin Electric Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock acquired 66,000 shares of the company at an average price of 38.8 cents per share. With a consideration of S$25,640, this took his total interest in Tai Sin Electric from 17.29 per cent to 17.31 per cent.

 

Lim' s total interest was further increased on Mar 17 to 17.35 per cent following his wife' s inheritance of 216,294 shares from her late father.

 

Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019 and he has been an executive director of the company since September 1997.

 

Between Mar 10 and 14, Tai Sin Electric Tai Sin Electric : 500 0% executive director and CEO Bernard Lim Boon Hock acquired 393,500 shares of the company at an average price of 38.9 cents per share.

 

With a consideration of S$153,260, this took his total interest in Tai Sin Electric from 17.21 per cent to 17.29 per cent.

 

His preceding acquisitions were on Feb 16 with 550,000 shares acquired at 39.0 cents per share and on Sep 22, 2021, with 71,100 shares acquired at 37.5 cents per share.

 

Lim has gradually increased his total interest in Tai Sin Electric from 14.82 per cent at the end of 2019.

 

He has been an executive director of Tai Sin Electric since September 1997.

 

On Sept 22, Tai Sin Electric Tai Sin Electric: 500 +2.63% executive director and CEO Bernard Lim Boon Hock acquired 71,100 shares of the company for a consideration of S$26,663.

 

At an average price of 37.5 cents per share, this took his total interest in Tai Sin Electric from 17.07 per cent to 17.09 per cent.

 

This followed his acquisition of 350,000 shares at 38.0 cents per share on Sept 20 and 504,600 shares at 38.4 cents per share between Sept 2 and 6.

 

Tai Sin Electric noted in August that despite limited visibility due to Covid-19 and its associated challenges on copper price volatility and shipping constraints the group has managed to continue its transformation process to be Industry 4.0 ready and will launch new products and services when opportunities arise.

 

Mr Lim has been an executive director of Tai Sin Electric since 1997 and was appointed CEO in July 2013.

 

The share price of Tai Sin Electric has gained 22.6 per cent over the first nine months of 2021, with reinvested dividends boosting the total return to 25.4 per cent.