Wolf Money(Tai Sin Electric)
Before I go for my CNY break. I took a small position in Tai Sin Electric. I find the business attractive due to its strong competitive advantages. It is a unique data centres, electrification and construction play combined. This old school company pulls the levers on the digital economy. Below are my thoughts. (Image credit: Tai Sin Electric) 1.) Tai Sin is the largest cable and wire company in Singapore. 2.) They supply cables to 70% of data centres in Singapore. 3.) Tai Sin Electric’s businesses are anchored on the construction boom in Singapore. Over the next few years with mega projects like T5, MRT, MBS, RWS 2.0 providing opportunities for Tai Sin Electric. Ten of thousands of kilometres in cables and wires will be needed. 4.) A play on Malaysia data centres with a strong presence in Malaysia and Vietnam. 5.) Capable and experience management in place. 6.) Stock is trading at 1.1x p/b with a 4.4% dividend yield at time of writing. 7.) There was a renewed push in...