They're produce full range polyolefins, Polyethylene & Polypropylene. You might wonder what these chemical product can make ??
Answer :
- Grocery, merchandise and trash bags
- Food containers for frozen desserts and margarine
- Plastic caps, drink cups and closures
- Liners for boxes of cereal and crackers
- Toys
- Dairy crates, bread trays, pails
- Safety equipment - hard hats
- House wrap for insulation
- Bottles for household and industrial chemicals and motor oil
- Large (rotomolded) tanks for storing liquids (agricultural and lawn care chemicals)
- Large waste disposal bin
so now you understand what titan do, let's touch a bit of numbers
This Quarter result Revenue 1,374,142,000 increase from last quarter 1,127,116,000 Net profit 174,007,000 increase from last quarter 130,155,000 EPS 9.97 increase from last quarter 7.46
Good enough ???
Not yet !!
PE drop from last quarter 3.92 to this quarter 2.93
Still not good enough leh, how ah ??
ok let's take their figure and do comparison again.
Operation Cost decrease = efficiency increase meaning same amount of work previously need 2 man to finish now only 1 man, you're saving 1 man salary, sound good ?
Need to say more ??!!! Answer is in the number, time can proof ~~~
Forehand call : I bought titan at higher average price 1.2 for 20 lots
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