Some of the past landmark projects that Tai Sin was involved in include the Marina Bay Sands and Gardens by the Bay, as well as the Thomson East Coast Line.
William Tng and Then Wan Lin of CGS International have initiated coverage on Tai Sin Electric with an “add” call and target price of 74 cents. Tai Sin is one of Southeast Asia’s leading cable and wire manufacturers and distributors, with a market share of between 20 and 30% for locally manufactured power cables.
“We believe that its market share will be able to give the company a structural advantage in securing Singapore infrastructure and large-scale construction projects given shorter delivery lead times and greater supply certainty,” state Tng and Then in their March 25 report.
