My first recommendation stock :Titan

Why Titan ? Since IPO the stock price always perform under IPO price, I remember is 1.7, yet today still hang 1.3 or 1.4. Market is concern the High gearing 1420 M as per latest annocement, also hike by high petrol price and impact the earning ability. Today oil price drop high and Titan margin are improving......

1. Earning for 3 quarter up to 30 cent per share or equivalent to 40 cent per annuam (PE around 4)
2. Demand of PP,PE constantly growing, this can be from their annual report. Margin improving as per latest Q3 annocement and the management are positive to Q4 performance
3. Market breaking 1000, is time to look for under value stock.
4. Only concern is the gearing level here. long term Debt about 1,400 m which will take few year to clear off. if assume current net profit can be maintain (600m per year) the ability to paid back is not in concern.
5. The company start paying dividend. even is 3 cent for interim is better than Megan given 0.
6. The share spreads only 27% to public, this is my concern. But any how I am happy my holding costs is around 1.25 to 1.30
7. With oil price droping to 57, I believe coming Quarter, Titan will given suprise result.