Titan Chemicals: Q207 result

Titan Chemicals net profit in Q2 is sharply lower as compared to Q1 result. The net profit for the company has been declining consistently from a high of RM241mil in Q406, to a lower net profit of RM156mil in Q107. With reference to the latest quarterly result from Titan, the net profit is RM80mil - which represents a drop of ~50% from Q107.


Nevertheless, Titan has declared a dividend of 3 sen (tax exempt).

The financial performance is still very depending on the difference between the cost of raw material and the selling price of finished goods.

I believe it is not worthwhile to hold this stock in the current stock market condition as the possibility to enjoy capital appreciatation is not high. The fluctuation of the stock price remains small and it is hard to see a surprise from them at the moment.

Uncertainty is the best word to describe Titan's financial performance ...