Duyuru • Apr 12
Ting Sin Co., Ltd.(TWSE:2358) dropped from Taiwan TAIEX Index Ting Sin Co.,Ltd removed from Taiwan TAIEX Index. Duyuru • Mar 19
Ting Sin Co., Ltd., Annual General Meeting, Jun 24, 2024 Ting Sin Co., Ltd., Annual General Meeting, Jun 24, 2024. Location: No. 68, Section 1 Baoan Road, Rende District, Tainan City Tainan City Taiwan Agenda: To consider Individual performance evaluation results, relevance and rationality reports of directors and managers; to consider and to Revise the Standards of Board Meeting Procedures report; to consider 112 Annual operating status report; to consider the Audit Committee reviews the 112th annual voting report; and to consider other matters. Duyuru • Mar 08
Ting Sin Co., Ltd. Announces Change in the Company's Financial Officer, Accounting Officer Ting Sin Co., Ltd. announced change in the company's financial officer, accounting officer. Type of personnel changed: financial officer, accounting officer; Date of occurrence of the change: March 6, 2024; Name, title, and resume of the previous position holder: not applicable; Name, title, and resume of the new position holder: Xu Hengyu; Reason for the change: new replacement; Effective date: March 6, 2024. Duyuru • Mar 07
Ting Sin Co., Ltd. Announces Change in the Company's Independent Directors Ting Sin Co., Ltd. announced change in the company's independent directors. Date of occurrence of the change: March 6, 2024; Elected or changed position: independent director; Title and name of the previous position holder: Cai Qizhong; Resume of the previous position holder: not applicable; Title and name of the new position holder: not applicable; Reason for the change: personal reason; Original term: from July 20, 2021 to July 19, 2024. Duyuru • Jan 11
Ting Sin Co., Ltd. Announces Change in Representative of the Institutional Director Ting Sin Co., Ltd. appointed Ho ming sung and Xie Weiguo as Representative of the Institutional Director in place of YEN CHAO-HSIN and YEN WEN-CHI, effective January 8, 2024. New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (NT$1.28b market cap, or US$40.0m). Reported Earnings • Aug 18
Second quarter 2023 earnings released: NT$0.78 loss per share (vs NT$0.17 profit in 2Q 2022) Second quarter 2023 results: NT$0.78 loss per share (down from NT$0.17 profit in 2Q 2022). Revenue: NT$361.7m (down 37% from 2Q 2022). Net loss: NT$106.7m (down NT$128.5m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$16.35, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 12% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to NT$16.25, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 16% share price gain to NT$16.05, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 4.8% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.41 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.17 (down from NT$0.41 in 2Q 2021). Revenue: NT$575.4m (flat on 2Q 2021). Net income: NT$21.8m (down 50% from 2Q 2021). Profit margin: 3.8% (down from 7.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.034 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.27 (up from NT$0.034 loss in 1Q 2021). Revenue: NT$494.3m (up 30% from 1Q 2021). Net income: NT$33.8m (up NT$37.0m from 1Q 2021). Profit margin: 6.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 02
Ting Sin Co., Ltd., Annual General Meeting, Jun 21, 2022 Ting Sin Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.29 (up from NT$0.11 in FY 2020). Revenue: NT$2.52b (up 31% from FY 2020). Net income: NT$144.2m (up NT$133.7m from FY 2020). Profit margin: 5.7% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.022 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$715.6m (up 55% from 3Q 2020). Net income: NT$43.1m (up NT$41.0m from 3Q 2020). Profit margin: 6.0% (up from 0.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of NT$0.074 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 29 October 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 30% share price gain to NT$28.50, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 18x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to NT$21.90, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 4.3% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$0.025 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$579.3m (up 42% from 2Q 2020). Net income: NT$43.4m (up NT$41.1m from 2Q 2020). Profit margin: 7.5% (up from 0.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$30.00 loss per share (vs NT$0.036 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$380.0m (up 30% from 1Q 2020). Net loss: NT$3.16m (down 195% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$0.11 (vs NT$0.013 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.92b (down 6.7% from FY 2019). Net income: NT$10.4m (up NT$9.26m from FY 2019). Profit margin: 0.5% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: NT$12.55 The company is down 14% from its price of NT$14.60 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: NT$14.35 The company is down 6.0% from its price of NT$15.20 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.02 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$460.9m (down 14% from 3Q 2019). Net income: NT$2.05m (down 88% from 3Q 2019). Profit margin: 0.4% (down from 3.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 23
New 90-day high: NT$15.95 The company is up 14% from its price of NT$14.00 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.