According to the analyst, TSE is a beneficiary of the strong domestic construction demand. “As a long-established cable manufacturing player, TSE has benefited from various mega projects in the past such as Thomson-East Coast MRT Line, Tuas Mega Port, and Changi Airport T4, and remains well-positioned to capitalise on the ongoing construction boom,” he adds.
RHB’s Syahril Hanafiah has initiated coverage on electric infrastructure solutions provider Tai Sin Electric (SGX:500
) with a “buy” call and target price of 75 cents.
“Tai Sin Electric (TSE) is poised to benefit from strong domestic construction demand and rising data centre investments. We view TSE as an overlooked yet essential proxy for the construction boom,” says Syahril in his initiation report dated June 4.
