Titan Chemicals (5103, Main Board) announced on the 22nd of March that it applied with Bursa for a relaxation in dividend payment restriction and got approved in 25th three days later with a tax exempt dividend of 4.5 cents to be announced soon. The coming GM will have the date announced on the 27th of April.
It is expected to rise 4.5 cents on the date of announcement on the 27th of April. I currently hold 20 lots of the stocks. I like this company (temporary) as it tries to distribute more dividend. There may be underlying hidden agenda but for now it is a good place to put my money in. With 4.5 cents of downside protection, it is worth the money. 4.5 cents of current price of 1.22 yielded a 3.7% potential gain in short term has rendered a temporary love for this stock. Falling in love in stock is not a good strategy, I would say it is just a crush, a crush on the coming dividend.
In stock market, don't get emotional or fall in love. It has to be reasoned and well thought of.
We'll see if this TITAN can win over my love before the announcement on the 27th. There are still two more weeks. A lot of things can happen within these two weeks. Go! TITAN! Go!
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