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Jiutian Chemical
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JiutianC
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tritonyeah666
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11-May-2022 17:41
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yes, imo it needs to go to at least 0.105 cause on XD in june it shld drop to at least 0.094-0.095 theoretically. If drop below 0.090 its a bargain as its NAV is 0.106 now. | ||||||||||||||||||||||||||||||||||||||
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Beachlover0181
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11-May-2022 15:34
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Jutian still flirting with the with 10. Quite optimistic it will tackle and overcome the obstacle very soon. Wait to huat all bros. | ||||||||||||||||||||||||||||||||||||||
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ozone2002
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11-May-2022 11:13
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COMPANY RESULTS
Jiutian Chemical Group (JIUC SP) 1Q22: Achieved High ASPs On Limited Industry Supply S$0.099 S$0.180 +81.8% S$0.168) Jiutian?s 1Q22 strong net profit of Rmb201.1m (+122.7% yoy) came from higher revenue of Rmb772.3m (+75.8% yoy), as ASPs for DMF and MA remained elevated. The industry supply shortage is expected to keep feedstock ASPs high for 2022 and 2023, which would lead to positive operating leverage and solid free cashflow generation for Jiutian. Maintain BUY with a higher target price of S$0.18 (from S$0.168), after raising our forward assumptions for product ASPs. 1Q22 RESULTS Year to 31 Dec (Rmbm) 1Q22 Gross profit Gross margin (%) Net profit Net margin (%) Source: Jiutian, UOB Kay Hian RESULTS Jiutian is a producer of chemicals such as DMF and sodium hydrosulphite. It is also involved in the processing and sale of consumable carbon dioxide and oxygen. The group sells its products wholly in China to manufacturers of downstream products that use methanol, methylamine and DMF. Revenue 772.3 1Q21 yoy % chg 439.3 +75.8 270.5 138.1 +95.8 35.0 31.5 +3.6ppt 201.1 90.3 +122.7 26.0 20.6 +5.5ppt 4Q21 869.4 319.2 36.7 219.1 25.2 qoq % chg (11.2) (15.2) (1.7ppt) (8.2) 0.8ppt ? Stark improvement in 1Q22 financials. Jiutian Chemical Group?s (Jiutian) 2021 net profit of Rmb201.1m (+122.7% yoy) was attributable to higher revenue of Rmb772.3m (+75.8% yoy), which came mainly from elevated product ASPs. Operating cash flow in 1Q22 reversed into positive territory at Rmb29.4m (1Q21: negative Rmb73.2m), despite a build-up of inventories arising from movement restrictions for delivery of finished goods. The strong set of results came amid the seasonally slow quarter, as well as lower production volume in Jan 22 due to COVID-19 related restrictions affecting logistics. An interim DPS of 0.75 S cents was declared, 114% higher than 0.35 S cents in 1Q21. ? Product ASPs remained elevated. Prices of dimethylformamide (DMF) and methylamine (MA) spiked to Rmb16,166/tonne (+73% yoy) and Rmb20,055/tonne (+116% yoy) respectively. DMF and MA prices have been holding at elevated levels since May-Jun 20. This is due to the surge in demand for products from downstream users (eg electric vehicle batteries, electronics, pharmaceutical and animal feeds). Also, supply remains capped as applications for new capacity in the industry remain on hold without any follow-ups by the Chinese government, with environmental concerns remaining at the forefront of policies. STOCK DATA GICS sector Bloomberg ticker: Shares issued (m): Market cap (S$m): Market cap (US$m): 3-mth avg daily t'over (US$m): Price Performance (%) Materials JIUC SP 1,988.4 198.8 142.8 2.6 S$0.105/S$0.067 52-week high/low 1mth 5.3 3mth 12.4 6mth 25.0 1yr 0.0 YTD 31.6 % 25.3 0.60 0.51 Major Shareholders Anyang Longyu (HK) Devt (Subsidiary of Henan Energy and Chemical Industry Group) FY22 NAV/Share (Rmb) FY22 Net Cash/Share (Rmb) PRICE CHART (lcy) 0.11 0.10 2024F 0.09 JIUTIAN CHEMICAL GROUP LTD JIUTIAN CHEMICAL GROUP LTD/FSSTI INDEX (%) 120 110 100 90 80 70 60 KEY FINANCIALS Year to 31 Dec (Rmbm) 2020 2021 2022F 2023F Net turnover EBITDA 286 Operating profit 259 Net profit (rep./act.) 174 Net profit (adj.) 174 EPS (fen) 8.7 PE (x) 5.5 P/B (x) 1.8 EV/EBITDA (x) n.m. Dividend yield (%) 0.0 Net margin (%) 15.2 Net debt/(cash) to equity (%) (20.9) Interest cover (x) 38.4 ROE (%) 42.0 Consensus net profit - UOBKH/Consensus (x) - Source: Jiutian, Bloomberg, UOB Kay Hian 2,403 1,146 2,173 2,411 2,408 645 827 812 616 797 782 310 519 507 310 519 507 15.6 26.1 25.5 3.1 1.8 1.9 1.2 0.8 0.6 n.m. n.m. n.m. 6.5 15.3 15.1 14.3 21.5 21.1 (86.6) (85.3) (88.9) 127.0 101.1 68.1 46.8 52.2 37.0 - 396 333 - 1.31 1.53 0.08 810 0.07 841 520 520 26.1 1.8 0.5 n.m. 15.3 21.6 (95.8) 39.7 29.9 335 1.55 0.06 300 200 100 0 Volume(m) May21 Jul21 Sep21 Nov21 Jan22 Mar22 May22 Source: Bloomberg ANALYST(S) Clement Ho [email protected] +65 6590 6630 |
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ozone2002
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11-May-2022 11:10
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KGI
Jiutian Chemical (JIUC SP) - Long ? Entry 0.096, Target 0.105, Stop 0.092 Previous resistance level is now the short-term support level. RSI is constructive while MACD is converging towards the signal line. |
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CheeryVGoh
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10-May-2022 20:22
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This TP is based on Technical analysis.
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tritonyeah666
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10-May-2022 20:18
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Just bought more today at 0.097-0.98 | ||||||||||||||||||||||||||||||||||||||
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Catrade
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10-May-2022 14:02
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Jiutian is an very undervalued stock with very hugh dividends coming. The reason why its price being supressed today is US market indices dropped, causing alot of fear, but now US market future indices all go positives n likely real investors will come in  strongly later to support the attractive price...
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Winnertakeall
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10-May-2022 07:43
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Yesterday STI index was down 16.82 Jiutian was still on the up trend. Good sign it' s holding well. Good fundamentals and Dividend. More to come.
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hakansukur
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10-May-2022 07:33
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Kudos for taking time to share w us all ur superb and detailed analysis. u chose an ideal choice.  for me...  will go with A for a couple of summer mths and then H if and when the street is filled w Blood. If blood doesnt happen, also chase back in H as means the bad summer failed to happen.
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ysh2006
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10-May-2022 05:25
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Why brokering house recommends just a gain of one cent and cut loss at half a cent ? No meat at all...The brokering house maybe has no confidence of it upside ?
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hakansukur
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09-May-2022 20:26
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Haha truth be told  jt feels vvv k o r n e r e d  |
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tritonyeah666
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09-May-2022 20:03
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good move! come back at 0.082-0.088 | ||||||||||||||||||||||||||||||||||||||
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hakansukur
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09-May-2022 16:28
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Chutted my bal at 102 hope it goes up further for u guys gd6 guys |
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CheeryVGoh
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09-May-2022 14:14
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By KGI - 09/05/2022
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CheeryVGoh
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09-May-2022 14:12
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Jiutian Chemical Group Limited (C8R SP): Net cash accounts for 89% of the market cap
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ozone2002
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09-May-2022 11:23
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Singapore Technical Analysis:    Sats (SATS SP) - Trading BUY Jiutian Chemical Group (JIUC SP) - Trading BUY
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Catrade
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09-May-2022 11:11
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Jiutian Q12022 #  Jiutian recorded strong 1Q2022 results, declares significantly increased interim dividend #  1Q2022 net profit came in at RMB 201 million, a 123% increase over 1Q2021, notwithstanding 15 days of lower production volume in January 2022 due to Covid-19 related restrictions affecting logistics #   Revenue for 1Q2022 increased by 76% to RMB 772 million from RMB 439 million in 1Q2021 #   Strong cash and cash equivalents position of RMB 1.02 billion as at 31 March 2022 and #   Proposed interim dividend of SGD 0.0075 per ordinary share, an increase of 114% over the corresponding interim dividend of FY2021 Q12022:  EPS- RMB 10.11c (S' pore 2.11c). If next 3 quarters hv the same earning, then FY2022 EPS would be 4 x 2.11 = 8.44c. Forwards PE ratio would be 10.1c divide 8.44c  = 1.2. Such low forward RE ratio & high dividend about 9% r good the reasons why recommendations: 1. CIMB - add, target price of 17.0 cts 2. UOB Kay Hian - buy, target price 16.8 cts Jiutian present share price of 10.1c is ridiculously low!! From investment point of view, Jiutian price should rocket up from here to closer to the recommented target price ....   |
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ysh2006
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08-May-2022 15:44
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This stock if can go above 10c first resistance than say.....Friday whole day cannot pierce through this resistance.....
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Beachlover0181
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08-May-2022 14:40
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Like you, I will go for H. Compelling story to investors. Industry need to be awaken from its slumber on the potential of the stock. | ||||||||||||||||||||||||||||||||||||||
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tritonyeah666
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24-Jul-2023 10:50
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A few actions one can take in an inflationary/bearish recessionary market: A) Hold all Cash (100% in cash and let inflation erode your money at 2.5-3.5% levels), while others lose 10-40% in a downturn. Comparatively, you are better off in the next 2 years which is the average time for a bear market to recede. B)Invest in the SSB bonds for 1.43 - 2.5% yield (but 2.5% is only assuming you hold across 10 years as its the average. Realistically you are only getting 1.43-2% maybe if you hold for 1-4 years) depedning on the market conditions. C) Hold all bonds (You will lose about 10% YTD thus far if you have any bond index positions due to a rising interest rate which is negatively correlated to bond prices i.e a newer bond issue will have better yields than the previous bonds when you got in) D) Hold a mix of big tech stocks, reits bonds and crypto and allocate accordingly according to riskiness of each asset class. E) Buy commodities futures/commodities stocks (Markets may already have priced in most of the prices across most commoditity products by the time it hits the headlines, news) F) Buy property as a store of value (assumption is housing prices always go up which is a dangerous perspective to have, especially if you are holding a large mortgage in the face of interest rates ar 3-4% long term, much less Asian financial crisis stress time where interest rates hit a high of 7%, that should be your stress test scenario) G) Invest in hedge funds, private equity, asset mgmt/Private banking products (Only available for the wealthy and institutional clients, but are also prone to scams if not MAS registered firms. Envy nickel scam if it rings a bell?) H) Buy commodities stocks like jiutian with high cash, and high dividend yields (> 5%). China S chip turnaround story, has been around since 2006 and weathered many storms. I will pick H with a reasonable allocation due to the riskiness of penny stocks, what about you?   |
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