Analysis on Tat Seng Packaging Ltd

Tat Seng Listed on SG Mainboard on 07 Sept 2001

Financial Data

Yr                  Earning/Share                  Revenue              Net Profit % Margin
2013                  7.53c                          215.601 mil              7.7%
2012                  4.92c                          179.857 mil              2.9%
2011                  2.83c                          166.811 mil              2.56%
2010                  3.96c                          153.284 mil              4.24%
2009                  4.74c                          113.361 mil              6.95%


Other Data (as at 31 Dec 2013)

Cash Bal: 23.125 mil
Debt:

• Current: 37.458 mil
• L.T      : 5.994 mil

Shares Issued : 157,200,000
Treasury Shares : NIL
NAV: $0.5101
Gross Div Yield: 4.8%


Opinion

Being in a competitive industry, Tat Seng has managed to hold its ground against its competitor. With increasing gross revenue and net income, this counter will be good for long term holding, provided it can control its cost.

A need to take note is its current debt. Hopefully, this company do not need to raise additional capital to cover the debt.

Conclusion

Overall, the price of the stock is badly undervalued @ 26c. This company is good to accumulate for the long term.

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