Regarding Titan

• ywt06 said...
  I have no idea why you dislike Titan. Lower cash flow is mainly due to the purchase of PPE for their new plant. In mid ot long term, you will know how great is this stock ...

Yes, you are absoultely correct on why the cash flow decreased.

Here is my archives of postings made on Titan. Perhaps you could understand why I am not impressed at all with Titan. (ps. this is just my personal opinion on Titan. And this is not an attempt to persuade others to follow my reasonings/opinions)

1. Titan
2. Titan: Part II
3. Titan: Part III
4. Titan: Part IV
5. Titan: Part V
6. Titan: Part VI
7. Titan: Part VII
8. Titan VIII

Just prior to their listing, during their ipo period, these companies would promise their prospective investors heaven and earth. Bright future prospects with optimistic earnings growth.

In Titan: Part III

Record earnings? Excuse me, Titan was SOLD to the investing public in a titanic IPO worth some rm950 million. And the whole valuation was based on the fact that Titan itself gave a promise that it would deliver some rm604 million in net earnings. And how much did Titan deliver? rm361 million!

Here is some titanic stuff from that article..

• Speaking at a media briefing in Kuala Lumpur on Feb 22, Titan managing director Donald M. Condon Jr attributed the impressive results to the strong first-half performance.

Well I am impressed, aren't you?

• On the performance of Titan’s share price: “We do think our share is undervalued. That’s why we’ve put together a share buyback plan. The plan will be put in place depending upon how the share continues to do in the market.”

Undervalue? Did he say undervalue?
Titan clsoed the day trading at rm1.35.
What was Titan IPO price? rm2.17!

That was one of my main issues against Titan.

Anyway, as it is, total loans is at 1,544,626. Cash balances is only 25.748 million. From an investing point of view, this company is really overly geared isn't it?

ps. the market is kinda optmistic right now. As it is, all stocks stands a chance to be great, no?

Anyway, just a mere second opinion as usual.

Cheers