Recent Insider Transactions • Mar 12
CEO & Group Executive Director recently bought S$85k worth of stock On the 10th of March, Boon Hock Lim bought around 167k shares on-market at roughly S$0.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$518k worth in shares. Reported Earnings • Feb 16
First half 2026 earnings released: EPS: S$0.016 (vs S$0.035 in 1H 2025) First half 2026 results: EPS: S$0.016 (down from S$0.035 in 1H 2025). Revenue: S$282.2m (up 20% from 1H 2025). Net income: S$7.44m (down 53% from 1H 2025). Profit margin: 2.6% (down from 6.7% in 1H 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. New Risk • Feb 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Upcoming Dividend • Nov 13
Upcoming dividend of S$0.016 per share Eligible shareholders must have bought the stock before 20 November 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 11
Full year 2025 earnings released: EPS: S$0.056 (vs S$0.032 in FY 2024) Full year 2025 results: EPS: S$0.056 (up from S$0.032 in FY 2024). Revenue: S$480.7m (up 20% from FY 2024). Net income: S$25.9m (up 78% from FY 2024). Profit margin: 5.4% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Full year 2025 earnings released Full year 2025 results: Revenue: S$480.7m (up 20% from FY 2024). Net income: S$25.9m (up 78% from FY 2024). Profit margin: 5.4% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Aug 29
Tai Sin Electric Limited, Annual General Meeting, Oct 31, 2025 Tai Sin Electric Limited, Annual General Meeting, Oct 31, 2025. Recent Insider Transactions • Apr 11
CEO & Executive Director recently bought S$316k worth of stock On the 7th of April, Boon Hock Lim bought around 800k shares on-market at roughly S$0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$927k worth in shares. Declared Dividend • Feb 16
First half dividend of S$0.0075 announced Dividend of S$0.0075 is the same as last year. Ex-date: 3rd March 2025 Payment date: 12th March 2025 Dividend yield will be 5.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (179% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 27
Tai Sin Electric Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended 30 June 2024, Payable on 13 November 2024 The Board of Tai Sin Electric Limited had recommended the payment of a final one-tier tax exempt dividend of SGD 0.016 per ordinary share for the financial year ended 30 June 2024. If approved, the dividend would be paid on 13 November 2024. same was approved at AGM held on October 29, 2024. Announcement • Oct 29
Tai Sin Electric Limited Approves the Appointment of Yeo Rankin Brandt as Director and Chairman of the Remuneration Committee and a Member of the Nominating Committee, Effective 30 October 2024 Tai Sin Electric Limited at its AGM held on October 29, 2024, approved the appointment of Mr. Yeo Rankin Brandt as a Director. Mr. Yeo Rankin Brandt, who was appointed as a Director of the Company at the AGM, will, with effect from 30 October 2024, be appointed Chairman of the Remuneration Committee and a member of the Nominating Committee. Upcoming Dividend • Oct 29
Upcoming dividend of S$0.016 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 13 November 2024. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (1.4%). Reported Earnings • Oct 12
Full year 2024 earnings released: EPS: S$0.032 (vs S$0.036 in FY 2023) Full year 2024 results: EPS: S$0.032 (down from S$0.036 in FY 2023). Revenue: S$400.7m (down 5.0% from FY 2023). Net income: S$14.6m (down 13% from FY 2023). Profit margin: 3.6% (down from 4.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Recent Insider Transactions • Sep 05
CEO & Executive Director recently bought S$79k worth of stock On the 30th of August, Boon Hock Lim bought around 200k shares on-market at roughly S$0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$361k worth in shares. Declared Dividend • Aug 30
Final dividend of S$0.016 announced Dividend of S$0.016 is the same as last year. Ex-date: 5th November 2024 Payment date: 13th November 2024 Dividend yield will be 5.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.1% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years. Reported Earnings • Aug 29
Full year 2024 earnings released Full year 2024 results: Revenue: S$400.7m (down 5.0% from FY 2023). Net income: S$14.6m (down 13% from FY 2023). Profit margin: 3.6% (down from 4.0% in FY 2023). The decrease in margin was driven by lower revenue. Announcement • Aug 29
Tai Sin Electric Limited, Annual General Meeting, Oct 29, 2024 Tai Sin Electric Limited, Annual General Meeting, Oct 29, 2024. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (3.0% net profit margin). Recent Insider Transactions • Feb 29
Non-Independent Non-Executive Chairman recently bought S$157k worth of stock On the 23rd of February, Chye Huat Lim bought around 396k shares on-market at roughly S$0.39 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chye Huat has been a buyer over the last 12 months, purchasing a net total of S$280k worth in shares. Announcement • Nov 24
Tai Sin Electric Limited Approves Payment of Final Dividend for the Financial Year Ended 30 June 2023, Payable on 9 November 2023 Tai Sin Electric Limited at its annual general meeting held on 25 October 2023, approved the recommended payment of a final one-tier tax exempt dividend of SGD 0.016 per ordinary share for the financial year ended 30 June 2023. The approved dividend would be paid on 9 November 2023. Recent Insider Transactions • Oct 26
CEO & Executive Director recently bought S$186k worth of stock On the 23rd of October, Boon Hock Lim bought around 464k shares on-market at roughly S$0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$350k worth in shares. Upcoming Dividend • Oct 24
Upcoming dividend of S$0.016 per share at 5.9% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 65% and the cash payout ratio is 83%. Trailing yield: 5.9%. Lower than top quartile of Singaporean dividend payers (6.8%). Higher than average of industry peers (1.4%). Reported Earnings • Oct 10
Full year 2023 earnings released: EPS: S$0.036 (vs S$0.048 in FY 2022) Full year 2023 results: EPS: S$0.036 (down from S$0.048 in FY 2022). Revenue: S$421.7m (up 11% from FY 2022). Net income: S$16.7m (down 24% from FY 2022). Profit margin: 4.0% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 22
Non-Independent Non-Executive Chairman recently bought S$54k worth of stock On the 19th of September, Chye Huat Lim bought around 136k shares on-market at roughly S$0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chye Huat has been a buyer over the last 12 months, purchasing a net total of S$83k worth in shares. Announcement • Aug 30
Tai Sin Electric Limited, Annual General Meeting, Oct 25, 2023 Tai Sin Electric Limited, Annual General Meeting, Oct 25, 2023. Reported Earnings • Aug 30
Full year 2023 earnings released Full year 2023 results: Revenue: S$421.7m (up 11% from FY 2022). Net income: S$16.7m (down 24% from FY 2022). Profit margin: 4.0% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Announcement • Jul 01
Tai Sin Electric Limited Appoints Seow Boon Teng as Non-Executive and Independent Director, Member of the Audit and Risk Committee, Nominating Committee and Remuneration Committee with Effect from 1 July 2023 The Board of Directors ("Board") of Tai Sin Electric Limited (the "Company") announce the appointment of Ms Seow Boon Teng ("Ms Seow"), a Non-Executive and Independent Director, as a member of the Audit and Risk Committee, Nominating Committee and Remuneration Committee with effect from 1 July 2023, as part of the renewal of the Board Committees. Accordingly, the Audit and Risk Committee, Nominating Committee and Remuneration Committee shall comprise: Audit and Risk Committee: Mr. Soon Boon Siong (Chairman), Mr. Lee Fang Wen, Mr. Renny Yeo Ah Kiang, Mr. Lim Chye Huat @ Bobby Lim Chye Huat, Ms Seow Boon Teng. Nominating Committee: Mr. Renny Yeo Ah Kiang (Chairman), Mr. Lee Fang Wen, Mr. Soon Boon Siong, Mr. Lim Chye Huat @ Bobby Lim Chye Huat, Ms Seow Boon Teng. Remuneration Committee: Mr. Lee Fang Wen (Chairman), Mr. Soon Boon Siong, Mr. Renny Yeo Ah Kiang, Mr. Lim Chye Huat @ Bobby Lim Chye Huat, Ms Seow Boon Teng. Recent Insider Transactions • May 04
CEO & Executive Director recently bought S$53k worth of stock On the 2nd of May, Boon Hock Lim bought around 138k shares on-market at roughly S$0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$302k worth in shares. Announcement • Feb 14
Tai Sin Electric Limited Recommends Interim Tax Exempt One-Tier Cash Dividend for the Six Months Ended December 31, 2022, Payable on 3 April 2023 Tai Sin Electric Limited recommended Interim Tax Exempt One-tier Cash dividend of 0.75 cent per ordinary share for the six months ended December 31, 2022 against the same dividend paid for the same period a year ago. The Interim One-tier Tax Exempt Dividend will be paid on 3 April 2023. The Share Transfer Books and Register of Members of the Company will be closed on 27 March 2023 for the purpose of preparing dividend warrants. Reported Earnings • Feb 14
First half 2023 earnings released First half 2023 results: Revenue: S$229.6m (up 31% from 1H 2022). Net income: S$11.9m (up 40% from 1H 2022). Profit margin: 5.2% (up from 4.9% in 1H 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Renny Kiang was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Oct 31
Upcoming dividend of S$0.016 per share Eligible shareholders must have bought the stock before 07 November 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Singaporean dividend payers (6.8%). Higher than average of industry peers (1.1%). Reported Earnings • Oct 14
Full year 2022 earnings released Full year 2022 results: Revenue: S$379.1m (up 27% from FY 2021). Net income: S$22.0m (up 27% from FY 2021). Profit margin: 5.8% (in line with FY 2021). Reported Earnings • Aug 27
Full year 2022 earnings released Full year 2022 results: Revenue: S$379.1m (up 27% from FY 2021). Net income: S$22.0m (up 27% from FY 2021). Profit margin: 5.8% (in line with FY 2021). Board Change • Apr 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive & Independent Director Renny Kiang was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Mar 15
CEO & Executive Director recently bought S$61k worth of stock On the 11th of March, Boon Hock Lim bought around 157k shares on-market at roughly S$0.39 per share. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$1.3m worth in shares. Reported Earnings • Feb 16
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: S$0.019 (down from S$0.039 in 1H 2021). Revenue: S$174.8m (up 30% from 1H 2021). Net income: S$8.50m (down 53% from 1H 2021). Profit margin: 4.9% (down from 14% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Non-Independent Non-Executive Chairman Bobby Lim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Oct 29
Upcoming dividend of S$0.015 per share Eligible shareholders must have bought the stock before 05 November 2021. Payment date: 15 November 2021. Trailing yield: 7.5%. Within top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (0.8%). Recent Insider Transactions • Sep 24
CEO & Executive Director recently bought S$133k worth of stock On the 20th of September, Boon Hock Lim bought around 350k shares on-market at roughly S$0.38 per share. In the last 3 months, they made an even bigger purchase worth S$580k. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$1.6m worth in shares. Recent Insider Transactions • Sep 01
CEO & Executive Director recently bought S$580k worth of stock On the 27th of August, Boon Hock Lim bought around 2m shares on-market at roughly S$0.38 per share. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$1.1m worth in shares. Reported Earnings • Aug 27
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$298.4m (up 8.0% from FY 2020). Net income: S$17.3m (up 78% from FY 2020). Profit margin: 5.8% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 08
New 90-day high: S$0.34 The company is up 13% from its price of S$0.30 on 07 December 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. Recent Insider Transactions • Feb 26
Non-independent Non-executive Chairman recently bought S$67k worth of stock On the 24th of February, Chye Huat Lim bought around 200k shares on-market at roughly S$0.34 per share. In the last 3 months, there was an even bigger purchase from another insider worth S$232k. Chye Huat has been a buyer over the last 12 months, purchasing a net total of S$103k worth in shares. Recent Insider Transactions • Feb 11
CEO & Executive Director recently bought S$232k worth of stock On the 9th of February, Boon Hock Lim bought around 704k shares on-market at roughly S$0.33 per share. This was the largest purchase by an insider in the last 3 months. Boon Hock has been a buyer over the last 12 months, purchasing a net total of S$744k worth in shares. Reported Earnings • Feb 11
First half 2021 earnings released: EPS S$0.039 (vs S$0.018 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: S$134.7m (down 18% from 1H 2020). Net income: S$18.1m (up 124% from 1H 2020). Profit margin: 14% (up from 4.9% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 09
New 90-day high: S$0.33 The company is up 10.0% from its price of S$0.30 on 11 November 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: S$0.29 The company is down 2.0% from its price of S$0.30 on 06 August 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 5.0% over the same period. Reported Earnings • Oct 15
Full year earnings released - EPS S$0.021 Over the last 12 months the company has reported total profits of S$9.70m, down 18% from the prior year. Total revenue was S$276.4m over the last 12 months, down 18% from the prior year. Profit margins were 3.5%, which is in line with last year. Announcement • Sep 06
Tai Sin Electric Limited to Report Fiscal Year 2020 Results on Aug 28, 2020 Tai Sin Electric Limited announced that they will report fiscal year 2020 results on Aug 28, 2020 
