Dear CFA, CFA wannabees, amateurs and professional alike,

Lets say your client (moi) hold some share in Titan (5103).

The share price has dropped by 20% and if he sells now, his lost will be 1/3 of his total net gain for the last 6 months.

Titan financial posting shows profit drop for two Q straight. It shows red in Q4FY2008.

Copied from The StarBiz:
Announcement
Date Financial
Yr. End Qtr Period End Revenue
RM '000 Profit/Lost
RM'000 EPS Amended
27-Feb-09 31-Dec-08 4 31-Dec-08 1,255,295 -486,847 -27.16 -
04-Nov-08 31-Dec-08 3 30-Sep-08 2,047,061 9,865 0.55 Amended
26-Aug-08 31-Dec-08 2 30-Jun-08 2,079,507 119,158 6.69 -
27-May-08 31-Dec-08 1 31-Mar-08 1,659,202 87,512 5.01 -

So what would you advise your client to do?

i) Hold and wait for better things to come?
ii) Sell and cut the lost?
iii) Average down - could it be throwing good money after bad?

Titan also announced VSS and 20% worker retrenchment in Feb 2009

Thanks,

Xuzen

Recommendation: BUY

12-Month Target Price: MYR1.10

why?

check this informative blog about TITAN http://bursastreet.blogspot.com/search/label/TITAN

Terima kasih Peter Lim

Xuzen

Maybe you might want to share the fees you're earning from your client with the blogger...

Sold all my Titan @ RM 6.75 last week.

Bye bye Titan. Nice to have you around. But we gotta split up... strictly business, nothing personal he he he.

Xuzen

What happen to this counter. Up so high?

It may be giving Dividend based on its past year trend. It normally announce in June or August. It usually gives about 6-7.5 sen per year.

No dividend since last year, my friend. They have a covenant with their bankers not to issue dividends for a two year period.

"Titan Chemicals 3Q net profit surges to RM143m from RM9.6m"

http://www.klse.com.my/website/bm/listed_c...66?OpenDocument

If forecast EPS for Q4 also 8. Mean PE 3.x only.

TITAN look very good to move up to another level.
Just keep watch at the oil price. The lower the price the better for TITAN
Target 6 month: 1.60
stop : 1.10

This post has been edited by rosdi1: Oct 27 2009, 11:48 PM


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How come no divvy then?

Like our friend Starbucki said a few comments before "They have a covenant with their bankers not to issue dividends for a two year period. "

RM6.75.. Highest is RM1.2x.. where I can find RM6.75?

I think is 0.675! Based on Q3 result i think Titan can move further...So have u guys bought Titan

It tanked after the quarterly results and then they buy back their own shares...what next?

Strong support should draw at RM1.13 in order to go higher. I should sell at the RM1.25 on wednesday because of the good news and i hold it. I missed it. Let's wait for another wave... hope the market correction will not drag it down.