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TeoMark Veteran	26-Feb-2022 16:30        TeoMark About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe there is a typo on the dividend amount. Doesnt look like 1 cent. 😅 😅 .
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Jumbohippo Member	26-Feb-2022 15:13        Jumbohippo About Contact  Quote this Post!
x 0   x 0  Alert Admin	JT has positive outlook.
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newpe1234 Member	26-Feb-2022 13:21        newpe1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	JT has more positives going forward and is positioned better than before. tritonyeah666      ( Date: 26-Feb-2022 00:13) Posted: Good news is the NAV went up quite alot (40.20 RMB or 0.086 for the Group) i think Monday may have a small gap up maybe to 0.085-0.088
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tritonyeah666 Elite	26-Feb-2022 00:13        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good news is the NAV went up quite alot (40.20 RMB or 0.086 for the Group) i think Monday may have a small gap up maybe to 0.085-0.088
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Alvin2042 Master	26-Feb-2022 00:09        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After provided for 15 days covid n 15 days CNY, 2 months of operation at current dmf price should net more than RMB100m for Q1 tritonyeah666      ( Date: 26-Feb-2022 00:00) Posted: As China&rsquo s post Covid-19 economic recovery gathered momentum, we continued to experience strong demand for our main products of DMF and methylamine. For 1H2022, sales volume of the Group&rsquo s main products is expected to be impacted by the following: 1. The government-imposed lockdown measures in Anyang City due to COVID-19 outbreak in January 2022 resulted in lower production at both our plants for about 15 days in January 2022 and 2. Our downstream manufacturing customers&rsquo traditional closure during the Chinese New Year festive period. Barring any significant resurgence of COVID-19 in China, the Group is cautiously optimistic of its business prospects in FY2022. On our expansion plan comprising a new 100,000 ton methylamine plant adjacent to our current 120,000 ton methylamine/ DMF facility, we would like to update that the plan is still awaiting approval from the relevant authorities. Details of the proposed expansion plan once approved will be announced in due course.
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Alvin2042 Master	26-Feb-2022 00:06        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After provision, any payment receive from Anhua is a bonus. hmmhmm      ( Date: 25-Feb-2022 16:41) Posted: Yalo..dont even see brokers mentioned tis in their report....guess is fine.... tritonyeah666      ( Date: 24-Feb-2022 21:13) Posted: no news is good news for Anhua restructuring
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tritonyeah666 Elite	26-Feb-2022 00:06        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	seems dividends declared a little bit lower than expected though.
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piscesmonkey Supreme	26-Feb-2022 00:04        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	7.Dividend information 7a. Whether an interim (final) ordinary dividend has been declared (recommended and Yes. The proposed dividends for the financial year ended 31 December 2021 are subject to shareholders&rsquo approval at the forthcoming annual general meeting of the Company to be held in April 2022. 7b. (i) Amount per share (cents) 7c. Whether the dividend is before tax, net of tax or tax exempt. If before tax or net of tax, state the tax rate and the country where the dividend is derived. (If the dividend is not taxable in the hands of shareholders, this must be stated). Name of Dividend Final Tax Exempt Dividend Dividend type Cash Dividend Amount per Share (in SGD) 0.0012 Tax rate Tax-exempt one-tier
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tritonyeah666 Elite	26-Feb-2022 00:00        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As China&rsquo s post Covid-19 economic recovery gathered momentum, we continued to experience strong demand for our main products of DMF and methylamine. For 1H2022, sales volume of the Group&rsquo s main products is expected to be impacted by the following: 1. The government-imposed lockdown measures in Anyang City due to COVID-19 outbreak in January 2022 resulted in lower production at both our plants for about 15 days in January 2022 and 2. Our downstream manufacturing customers&rsquo traditional closure during the Chinese New Year festive period. Barring any significant resurgence of COVID-19 in China, the Group is cautiously optimistic of its business prospects in FY2022. On our expansion plan comprising a new 100,000 ton methylamine plant adjacent to our current 120,000 ton methylamine/ DMF facility, we would like to update that the plan is still awaiting approval from the relevant authorities. Details of the proposed expansion plan once approved will be announced in due course.
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Midtermer Master	26-Feb-2022 00:00        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like results are better than analyst forecast. Excluding the one off loan impairment, EPS would have been 21.65 RMB cents or 4.64 cents sgd. Fundamentally this is very strong but all depends on BB narrative next week. Cheers.
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tritonyeah666 Elite	25-Feb-2022 23:50        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	News release Jiutian&rsquo s net profit for FY2021 soared by 79% to RMB 310 million despite a prudent loan impairment provision of RMB 120 million to the sodium hydrosulfite project under an associated company of the Group - Net profit would have been RMB 430 million excluding the loan impairment provision - 4Q2021 recorded the highest quarterly net profit (before the above provision) of RMB 213 million on the back of strong sales volume and average selling prices - Revenue for FY2021 increased by 90% to RMB 2.17 billion from 1.15 billion in FY2020 - Strong cash and cash equivalents position of RMB 922 million as at 31 December 2021 The Board of Directors of Jiutian Chemical Group Limited (&ldquo Jiutian&rdquo ) is pleased to announce that the unaudited net profit for FY2021 soared by 79% to RMB 310 million, compared to RMB 173 million clocked in FY2020. Revenue for FY2021 increased by 90% to RMB 2.17 billion from 1.15 billion in FY2020. The Board proposes a final tax-exempt dividend of SGD 0.0012 per share. This takes the total dividend for FY2021 to SGD 0.0047 per share.    Jiutian&rsquo s Chairman, Han Lianguo, said, &ldquo We are pleased to see the significant boost of our operating results in FY2021 compared to FY2020. The net profit would have been RMB 430 million excluding a prudent loan impairment provision of RMB 120 million to the sodium hydrosulfite project. 4Q2021 also recorded the highest quarterly net profit (before the above-mentioned provision) of RMB 213 million on the back of strong sales volume and average selling prices. We are also pleased to inform that the Group&rsquo s cash and cash equivalents doubled to 922 million from 454 million in FY2020 due largely to cash generated from operating activities. In FY2021, the average selling prices of DMF and Methylamine were RMB12,127 per tonne and RMB 11,837 per tonne respectively, which were 103% and 57% higher than that for FY2020. The sales volume of DMF and Methylamine in  in FY2021 were 11% and 9% higher than that FY2020. Going forward, barring any significant resurgence of Covid-19 in China, the Group is cautiously optimistic of its business prospects in the new financial year.
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hmmhmm Elite	25-Feb-2022 16:41        hmmhmm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yalo..dont even see brokers mentioned tis in their report....guess is fine.... tritonyeah666      ( Date: 24-Feb-2022 21:13) Posted: no news is good news for Anhua restructuring
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Midtermer Master	25-Feb-2022 16:02        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the source. Probably not standard policy since last year was the first time they decided to give dividend. We shall see by next Monday. Cheers. tritonyeah666      ( Date: 25-Feb-2022 15:28) Posted: Not I say one, its CIMB and the other brokers that mentioned " dividend announcement likely to be in May" as per prior FY which if you recall was also in May. You can check, its the company standard policy unless things have changed.
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tritonyeah666 Elite	25-Feb-2022 15:28        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not I say one, its CIMB and the other brokers that mentioned " dividend announcement likely to be in May" as per prior FY which if you recall was also in May. You can check, its the company standard policy unless things have changed.
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Midtermer Master	25-Feb-2022 15:14        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro why do u say dividend news will only be in May? Shouldn't it be announced in the fy2021 report? tritonyeah666      ( Date: 25-Feb-2022 14:55) Posted: At best 0.085-0.086 next Monday assuming no sell on news. Dividend news only in may so have to wait another 3 more mths.
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tritonyeah666 Elite	25-Feb-2022 14:55        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	At best 0.085-0.086 next Monday assuming no sell on news. Dividend news only in may so have to wait another 3 more mths.
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lailai Elite	25-Feb-2022 10:32        lailai About Contact  Quote this Post!
x 0   x 0  Alert Admin	If kongsi can give 1cent div, can consider good liao, cos price only 8-8.4c, with huge potential, since produce are in great demand. Note 2nd largest producer in china, don play a fool, huge mkt lah. Eps likely 3-4c, wow is that an overestimate? Anyway, FY out on mon. Winnertakeall      ( Date: 24-Feb-2022 22:50) Posted: Jiutian Chemical :  Robust chemical prices Potentially strong 4Q2021.  Jiutian reported 9M2021 PATMI of RMB 217mn, an increase of 147% from 9M2020 PATMI of RMB 88mn. The strong PATMI growth came amidst DMF/Methylamine volume in 3Q2021 that were down 8%/4% YoY due to severe flooding in Henan Province in early July 2021, as well as a scheduled maintenance shutdown for both plants in 3Q2021. Looking into the last quarter of 2021, market prices of DMF have risen between 7% and 37% from Jiutian&rsquo s average selling prices in 3Q2021. Together with higher utilisation rates, it is likely that Jiutian will beat our 2021 full year forecast of RMB 290mn core PATMI by at least 20%.  Higher dividend even with impairment.  The company may potentially have to recognise a RMB 145mn asset impairment due to a non-trade amount to an associate company (Anyang Jiujiu Chemical Technology) in 4Q2021. However, we note this will be non-cash and will likely not impact Jiutian&rsquo s higher potential dividend payout for the full year. If we assume a 30% payout ratio based on the RMB 290mn core net profit, we arrive at a DPS of at least RMB4.7 cents or 1 Sing cents, an implied 12% yield based on the last close price of 8.2 Sing cents.  Trading at 2.6x FY2021F P/E.  Jiutian currently trades at 2.6x FY2021F P/E based on our core PATMI forecast of RMB 290mn.  Earnings watch and catalyst.  The company will report its 2021 full year earnings in the third week of February 2022. This is likely to be a catalyst given the buoyant spread between DMF prices and methanol.
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Midtermer Master	25-Feb-2022 09:32        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong resistance at 83, maybe fly today if clear? Cheers.
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tritonyeah666 Elite	25-Feb-2022 08:53        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lower highs post results probably at most 0.082-0.085 next week even with record results.
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josephyeo Elite	24-Feb-2022 23:52        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Thank you for sharing. I picked some shares today. Winnertakeall      ( Date: 24-Feb-2022 22:50) Posted: Jiutian Chemical :  Robust chemical prices Potentially strong 4Q2021.  Jiutian reported 9M2021 PATMI of RMB 217mn, an increase of 147% from 9M2020 PATMI of RMB 88mn. The strong PATMI growth came amidst DMF/Methylamine volume in 3Q2021 that were down 8%/4% YoY due to severe flooding in Henan Province in early July 2021, as well as a scheduled maintenance shutdown for both plants in 3Q2021. Looking into the last quarter of 2021, market prices of DMF have risen between 7% and 37% from Jiutian&rsquo s average selling prices in 3Q2021. Together with higher utilisation rates, it is likely that Jiutian will beat our 2021 full year forecast of RMB 290mn core PATMI by at least 20%.  Higher dividend even with impairment.  The company may potentially have to recognise a RMB 145mn asset impairment due to a non-trade amount to an associate company (Anyang Jiujiu Chemical Technology) in 4Q2021. However, we note this will be non-cash and will likely not impact Jiutian&rsquo s higher potential dividend payout for the full year. If we assume a 30% payout ratio based on the RMB 290mn core net profit, we arrive at a DPS of at least RMB4.7 cents or 1 Sing cents, an implied 12% yield based on the last close price of 8.2 Sing cents.  Trading at 2.6x FY2021F P/E.  Jiutian currently trades at 2.6x FY2021F P/E based on our core PATMI forecast of RMB 290mn.  Earnings watch and catalyst.  The company will report its 2021 full year earnings in the third week of February 2022. This is likely to be a catalyst given the buoyant spread between DMF prices and methanol.
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