Titan's net profit jumped in QE30/9/2006

I've posted yesterday that Titan's technical outlook appears good as it has just broken above its medium-term downtrend line at the RM1.25 level about 3 or 4 days. After the market close, Titan has announced its results for 3Q2006 (i.e. for QE30/9/2006). It was a very good quarter for Titan, which show its net profit jumped 154% y-o-y or 309% q-o-q to RM123.7 mil. Its turnover has also improved by 12% q-o-q or 28% y-o-y to RM1.54 billion. EPS has improved to 7 sen. See the table below.






With this set of numbers, I believe there is very good chance that the share will surpass the strong resistance of RM1.30/32 today.