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81-89 of 89
Alive today...A fundemental sound company , slow and steady....
not for contra...
How Budget 2017 gave this stock a leg up in growth prospects
By:
Trinity Chua
24/02/17, 01:03 pm
SINGAPORE (Feb 24): A piece of good news for Tai Sin Electric has just arrived in the form of Singapore?s Budget. The government said on Feb 20 that it would bring forward $700 million worth of public infrastructure projects to start this year and the next.
Tai Sin, which primarily provides electrical cabling and wiring for public and commercial works, is poised to benefit.
Besides projects in Singapore, Tai Sin could benefit from more government contracts in Malaysia. The Malaysian government unveiled a list of projects ranging from rail to bridges worth US$15 billion ($21.3 billion) last year as part of its federal budget. It also plans to build a 600km rail network that would cost US$13 billion.
On Feb 21, shares in Tai Sin closed at their highest in five years at 40.5 cents. The stock is up 9.5% this year and is trading at 7.2 times historical earnings.
The company will begin trading ex-dividend for an interim dividend of 0.75 cent a share on March 7. The dividend will be paid out on March 16. For FY2016 ended June, Tai Sin paid total dividends of 2.35 cents apiece, which is 0.1 cent more than the total dividend per share in FY2015.
As Tai Sin grows, company officials say their biggest worry is labour cost and space constraints in Singapore ? but the company has plans to bring the cost down.
For the full story on Tai Sin, don?t miss this week?s edition of The Edge Singapore (Issue 768, week of Mar 5), available at major bookstores, 7-11 stores, and selected petrol stations.
AN UNDERVALUED GEM. Breakout above 40c..
Tai Sin Electric: 1HFY17 net profit rose 15.3% to $10.9m. Gross margin widened 2.7ppt to 21.5%. Interim DPS of 0.75˘ maintained.
NAV/share at $0.3767
Its trading at close to its NAV.
Cash balance : $20 mil
Tai Sin Electric: 1HFY17 net profit rose 15.3% to $10.9m. Gross margin widened 2.7ppt to 21.5%. Interim DPS of 0.75˘ maintained.
NAV/share at $0.3767
Its trading at close to its NAV.
Cash balance : $20 mil
you have to invest in this type low volume counter...not a punting stocks...it breaking up....
How to break out with 0 volume?
tai sin on the breakout on $0.205 .....next immediate target be $0.225
friday x deal of 400 lot done at 0.20 and 0.21 at 10.20am...
taisin ?
0.006 dividend on thursday march 2012 (XD)...
5% yield for taisin for 2012 dividend payout...i trying get some before thur xd...
tai sin on bullish breakout///