Titan was listed in 2005.

8 plants in johor which produces 2 major classes of chemicals - olefins polyolefins

Raw materials - by products of oil refining.

Largest polyolefin producer in south east asia.


2005

EPS - 20.6 SEN

DPS - 3 SEN

2006

EPS - 24.6 SEN

DPS - 3 SEN

2007

EPS - 21.3 SEN

DPS = 7 SEN

2008 DPS - 6 SEN SO FAR


HIGHEST PRICE RM 1.80

LOWEST PRICE RM 0.725

15-DEC-08 CLOSING RM 0.78

MAJOR SHAREHOLDER

Union havard investments S.R.L - 31.26%

SKIM AMANAH SAHAM BUMIPUTERA - 22.99

PNB - 6.94 %

On my annual report of ASW, i din see titan in the top 20 investment anymore as i know titan has been one of the top 20 investments in ASW.



Any view and information from anyone pls post here as i need some-more information regarding this counter

This post has been edited by darkknight81: Dec 15 2008, 10:10 PM

hmm....i bought it at 1.70 last time

Reasons for my to choosing this counter :

1. Market leader in south east asia in producing chemicals products

2. Recent tumble in crude oil price may be a positive sign for this counter which has been slump from it highest of RM 1.80 to current RM 0.78

3. Debt to equity ratio of 0.5 which means more generous dividend policy in future provided they don acquire/build any new plants.

Still holding it?

As it is dealing with chemicals, I would really suggest you hold back on your purchase.

The drop in price may not be just because of crude oil price but the lack of demand due to expected global recession.

Already BASF, one of the biggest producers of chemicals is already closing plants and laying off. I believe it's joint venture with Petronas in Malaysia is also slowing down or shutting down to reduce capacity. Simply because there is currently no demand for chemical products.

I would expect the industry drop more and pick up again as the world economy overcome recession. But for now, the prospects doesn't look good at all.

your advice was same as Cherroy on the currently lack of demand for chemical products.
Should listen to the wise advice from the expert

Wah don't call me expert ><. Maybe Cheeroy expert but not me.

Most of the time you give me good advice mar

Below are some links regarding titan


http://www.titangroup.com/MediaRoom/04_Nov_2008.pdf

http://www.titangroup.com/Products/Samples...pplications.asp

This post has been edited by darkknight81: Dec 16 2008, 08:03 AM

Auto-industry is one of the heavy user of polymer product, so with auto-inudstry is the first hit and one of hardest hit sector, there is no surprise for severe deteoriation in demand for resin/polymeric product.

But it is trading at singificant discount to its NTA which is the main attraction, and with some dividend yield that much higher than FD rate, provided its cashflow position and earning wise doesn't deteoriate too severely.

Actually, if someone with tons of cash want to make money out of currrent stock market, it can easily be done so by acquiring all the shares of the company, then sell-off its asset, as share price in some company are trading at singificant below their asset valuation. But in reality it is not possible.

It is same as some property stocks currently.

I hv dealing with Titan chemical and recent news is that they are stopping some production at Tg Langsat plant and reducing production at its main plant in Pasir Gudang. Demand has been slowing down drastically. Next year may be worst.

Really good information ya. Thanks a lot for your update.