Titan sound cool

You might never heard about Titan, but sure you use their product before.
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

And lots more please refer to their website http://www.titangroup.com/Products/Products.asp
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

25/8/2009 Fundamental study on financial report

Guys,

Let's share something with you, look at what I found on 25/8/09. Below are the result from Bursa announcement.

MFCB PE 3.4 Market Price 1.09 (Power Generation / Limestone Quarrying / Property)

Mega First Corporation Berhad is a Malaysia-based company. The principal activities of the Company are that of investment holding and provision of management services. The Company operates in five business divisions: Power, Property, Limestone, Engineering and Investment holding. In the power division, it builds, owns and operates power plants. In the property division, the Company is engaged in property development and investment. In the limestone division, it is engaged in quarrying of limestone and manufacturing and trading of calcium carbonate powder and lime based products, and calcium silicate bricks. In the engineering division, the Company is engaged in engineering, designing and manufacturing of automotive and transportation component.

EPS jump from 1st Quarter 3.29 to 2nd Quarter 8.25 (2.5 time) but Market Price didn't jump 2x still stood at 1.0x from 0.89 (as May 21 2009) only up 20%. From the PE itself jump up 250% should the market price follow as well??? What's the reason the market price still stood @ 1.0x ?? All I can say is lack of performance.....

The company start to buy back their own share since 6/12/2007 until today, total accumulate 7,144,100 unit, good sigh ?!! PJ8 is one of their property project cooperate with IJM....


Worth to buy ? you decide ...


Daiman PE 5.4 Market Price 1.53 ( Property)


Puncak PE 3.6 Market Price 3.3 (Water Business)

Revenue increase, Profit increase, EPS jump from 0.12 to 22.33 (mama miya) all your house water supply by them. Scare ? Ah Kong (government) supported, who no need to drink water ? shower ? flush toilet ? U tell me......