AirAsia
According to the current share price, my investment in AirAsia is now accountable for about 20% of my investment-portfolio. It's Q1-2008 earning per share is improved significantly as compared to Q1-2007. Besides its strong growth, I'm not planning to increase my stake in AirAsia. It's because recently I realised that I'd made a big mistake in the valuation of AirAsia's financial performance. I'll record this mistake in a new post, soon.
TITAN
Earning for the quarter is 4.7 sen per share, almost same as the previous quarter. The result for the next quarter could be lower, due to the high soaring oil price. However, the rising polymer's price is going to catch up with the oil price soon. And I think the naphtha-polymer spread will be improved in next year.
Supermax
The merging between Supermax and Seal Polymer was completed in September. But the contribution of revenue and profit from Spolymer is not fully reflected in this quarter's report. Balance sheet has a small improvent due to the merger. There's an accounting problem occured in APLI, but this shouldn't have a big impact on Supermx.
AKN
Earning per share for the quarter is about 2.7 sen. The company has already back into a profitable stage, as expected. Disposal of DDD business in HK has been completed and cash of about RM70 million will be generated from the process. About RM45 million proceed from the disposal has been utilised to settle the company's debt. The winding down of the entire DDD division is still in the process.
No comments:
Post a Comment