Good results from Nylex, how about Titan Chemicals?
Nylex (Malaysia) Berhad has released a good quarterly result end 30 Nov 06 recently. Nylex, which distributes petrochemicals and its related products in bulk, has two man division - polymer and industrial chemicals.
For the first half ended 30 Nov 06, it posted a higher net profit of RM26mil from RM7mil a year earlier on the back of increased revenue of RM620mil against RM344mil.
Is this situation indicates that Titan Chemicals will announce a very impressive Q4 result too? Let's wait and see does Titan Chemicals result will meet my expectation? (which i have posted in my previous blog)
Titan Chemicals share price has decreased back to RM.1.48, within the range before the sudden increased in last 2 week. Local substantial holder such as Permodalan Nasional Berhad, Yayasan Palaburan Bumiputra and Skim Amanah Saham Bumiputera disposed quite a number of Titan share in Jan 07. Hopefully a foreign fund or investor has bought up the share and will emerge as substantial shareholder in the near future which will increase the profile of Titan Chemicals.
No worry for the disposal by local players as we seldom see they will create any impact ...
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