comments on the Jun-2007 financial reports

some comments on my companies base on their quarterly reports JUN-2007.

AirAsia
Result quite satisfied. Earning (exclude non-operational item) for the FY2007 ended 30th June is about 16 sen per share, a strong growth compare with last year. A strong growth is expected for the two coming quarter. I’ll continue my plan to accumulate AirAsia’s stock. Hope that its price not going to hike too soon.

TITAN
Earning for the quarter is about 4 sen per share, a drop of about 50% from the previous quarter. Good news is, it declares an interim dividend of 3 sen, from their half-year earning of 12 sen per share. This shows that the management really applying their dividend policy (30% distribution of earning, announced earlier this year). As the oil price is coming to a record high, Titan’s profit margin may become even lower in the next quarter. I’m not worry about this, as I’m confident that the management is able to raise the selling prices of the product to keep the company to be profitable.

Supermax
Continue to show a strong growth in both revenue and profit. The merging between Supermax and Seal Polymer is going to be completed soon. The whole contribution of revenue and profit from Spolymer will be shown in the next quarter’s report. The merging shouldn’t have much impact on the earning per share of the company. Though the company is facing a little pressure from the rising price of latex, I'm quite confident that it will maintain its current profit margin, and keep the strong growing rate in both revenue and profit.

AKN – (my short-term investment)
Earning per share for the quarter is about 3 sen, a good improvement, as expected. The loss-making division has been sold, and the cash $$$ is to be receive in the coming quarter. Seeing that it already wind down the DDD division, and the cash generated may be used to settle some of its debt, the performance for the next quarter is likely to be much better. I’ll continue to hold this company until its price hit RM1.40