Tuan Sing Reports Narrowed H2 Net Loss of S$5.1 Million, Thanks to Increased Revenue and Improved Margins.
February 28, 2023
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Tuan Sing ($SGX:T24) reported its second half results, revealing a narrowed net loss of S$5.1 million thanks to increased revenue and improved margins. This is a major improvement for the company, as it demonstrates the success of their new strategies. The increased revenue is attributed to a refocused business strategy which streamlines their operations, in addition to new initiatives such as international expansion and diversified product offerings. The company has managed to reduce overheads and cut costs by negotiating new lease terms and renegotiating supplier contracts.
This reduction in expenses allowed Tuan Sing’s bottom line to remain competitive despite their increased revenues. Tuan Sing’s investors can rest easy knowing that their strategies are starting to pay off. Their focus on expanding international sales, introducing new products, and optimising costs have helped them to minimise their losses while growing their business.
Market Price
Media sentiment around the announcement was mostly positive and TUAN SING‘s stock opened at SG$0.3 and closed at SG$0.3, up by 1.5% from its previous closing price of 0.3. It remains to be seen if these positive financial results from the company can be sustained in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tuan Sing. More…
| Total Revenues | Net Income | Net Margin |
| 215.35 | -7.36 | 21.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tuan Sing. More…
| Operations | Investing | Financing |
| 44.04 | 30.34 | 42.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tuan Sing. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.74k | 1.48k | 1.02 |
Key Ratios Snapshot
Some of the financial key ratios for Tuan Sing are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.2% | 34.6% | 11.7% |
| FCF Margin | ROE | ROA |
| 17.6% | 1.3% | 0.6% |
Analysis
GoodWhale has conducted an analysis of TUAN SING’s fundamentals and the results are promising. According to the Star Chart assessment, TUAN SING has a health score of six out of ten, indicating that the company is likely to maintain its cash flows and debt for the foreseeable future and sustain operations even in times of crisis. TUAN SING is classified as a ‘cow’, a type of company that has a track record of providing consistent and sustainable dividends. This makes it an ideal investment for investors looking for secure income streams. However, the company has been rated as weak in growth, so investors should temper their expectations of capital appreciation. It is nevertheless fairly strong in dividend, as well as medium-ranking in assets, profitability, and sustainability, making it an attractive long-term investment for value-oriented investors. More…
Peers
It is one of several major players in the market, alongside Dat Xanh Group JSC, Ascot Corp, and Corestate Capital Holding SA. All of these companies have a strong presence in their respective sectors and are constantly looking for ways to better serve their customers.
– Dat Xanh Group JSC ($HOSE:DXG)
Xanh Group JSC is a Vietnamese conglomerate with a market cap of 7.78 trillion VND as of 2022. The company has achieved a Return on Equity of 14.14% which indicates that it has been successful in generating returns for its shareholders. Xanh Group JSC is involved in banking, securities, finance, real estate, and other business activities. The company has a strong presence in the banking sector, operating 5 banks and 19 securities companies throughout Vietnam. In addition, Xanh Group JSC operates more than 200 real estate projects and has a wide network of distribution channels across the country. The company has also diversified into other industries such as tourism, education, healthcare and technology, tapping into new markets and growth opportunities.
– Ascot Corp ($TSE:3264)
Ascot Corp is a major international corporation that specializes in industrial automation and logistics solutions. The company has a market capitalization of 24.05 billion dollars as of 2022, indicating that investors view it as a major player in its industry. Additionally, its return on equity of 8.97% indicates that the company is able to generate high returns on invested capital. This suggests that the company is doing well and is likely to continue to be an attractive investment for shareholders in the future.
– Corestate Capital Holding SA ($BER:CCAP)
Corestate Capital Holding SA is a real estate investment manager based in Luxembourg. The company invests in real estate and real estate-related assets in Europe, the United States, and Australia. As of 2022, Corestate Capital Holding SA has a market cap of 13.16M, which shows that it is a small-cap company. Additionally, its Return on Equity (ROE) of -693.4% is extremely low, indicating that it is not generating a significant amount of profits for its shareholders.
Summary
This news has been greeted positively by investors. These results demonstrate Tuan Sing‘s continued focus on improving operational efficiency and increasing margins, which has been well received by investors.
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