| Latest Forum Topics / Jiutian Chemical Last:0.096 -- |
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JiutianC
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tritonyeah666
Elite |
11-Aug-2022 20:14
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The sales volume of the Group&rsquo s main products is expected to be impacted in 2H2022, similar to all previous years, as Anyang Jiutian&rsquo s DMF and methylamine production plants are expected to temporarily shut down for 20 days to undergo annual maintenance. The purpose of annual maintenance, which usually takes place in August or September, is to ensure that the plants can continue to operate safely and efficiently. | ||
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tritonyeah666
Elite |
11-Aug-2022 20:03
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Sell on news tml ? | ||
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Everyday
Master |
11-Aug-2022 18:37
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News release Jiutian recorded strong 1H2022 results - 1H2022 net profit came in at 385 million, a 140% increase over 1H2021 - Revenue for 1H2022 increased by 61% to RMB 1.43 billion from 887 million in 1H2021 - Strong cash and cash equivalents postion of RMB 1.07 billion as at 30 June 2022, after 2 dividend payments totally RMB 84 million in May and June 2022. The Board of Directors of Jiutian Chemical Group Limited (&ldquo Jiutian&rdquo ) is pleased to announce a strong set of financial results for 1H2022. Net profit came in at RMB 385 million, a remarkable 140% increase over the same period last year, notwithstanding several challenges in 1H2022. These included: 1) 15 days of lower production volume for Anyang Jiutian&rsquo s plant in January 2022 due to Covid-19 related restriction in Anyang and surrounding regions affecting logistics. 2) Our major downstream customers located in Jiangsu, Zhejiang and Shandong regions have, to different extent, experienced Covid related measures, resulting in shutdowns or production restrictions, which affected demand and product prices. 3) The two-month lockdown in Shanghai and sporadic Covid related restrictions in other parts of China severely affected China&rsquo s economic growth in 2Q2022, affecting demand of our products. Jiutian&rsquo s Chairman, Han Lianguo, said, &ldquo We are pleased to announce a strong financial performance of the Group in 1H2022, driven largely by the strong demand for our main products, despite the challenges mentioned above. After a strong start in early 2022, the largest COVID-19 wave in two years that started in March 2022 slowed China&rsquo s growth sharply in 2Q2022. In the near term, China will continue to persist with its zero-covid policy which is expected to dampen economic growth. However, China has started to carry out the counter-cycle monetary policies by lowering the loan prime rate and increasing infrastructure spending to revive economy. On a macro economic front, challenges such as trade tensions, geopolitical conflict and other uncertainties remain as peripheral concerns. In view of the above, the business environment will remain challenging for the rest of the financial year. We will carefully monitor these developments and take the most optimal action in the best interest of our stakeholders. Barring any significant worsening of Covid-19 resurgence in China, we anticipate the production operations of the Group to be smooth for the rest of the financial year.&rdquo This announcement has been reviewed by the Company&rsquo s sponsor, PrimePartners Corporate Finance Pte.Ltd. (the &ldquo Sponsor&rdquo ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the &ldquo Exchange&rdquo ) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [email protected] |
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tritonyeah666
Elite |
11-Aug-2022 14:30
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I'm shorting at 0.098 levels. Join me? | ||
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kt3152
Elite |
11-Aug-2022 13:05
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How come no interest here. All busy buying secretly is it.....:)......
Trend looks good ......
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Catrade
Senior |
11-Aug-2022 00:01
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The coming H12022 good result would cause analysts to upgrade or at lease maintence KGI TP of S$0.145 and UOB Kay Hian TP of S$0.18. | ||
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tritonyeah666
Elite |
10-Aug-2022 16:31
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everything mostly priced in, including good results. I dont think its a buy at this levels. | ||
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kt3152
Elite |
10-Aug-2022 14:36
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Buying before result announcement?..... | ||
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Steven123
Member |
09-Aug-2022 14:14
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Another chinese junk counter. Sold my shares long ago.
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tritonyeah666
Elite |
08-Aug-2022 16:18
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At least Ifast still holding on firmly to their 28 mio shares...lol | ||
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Catrade
Senior |
08-Aug-2022 15:59
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Yes, fund comes n goes n beyond our control but as investors we look for quality stock like Jiutian which its near future is still v bright with solid H12022 earning coming. If we just follow them we' re going to lose out becoz when they suddenly move in again it will be swift n fast. These foreign funds when they move in it will fast n cause a big jump in price! Each investors has to decide for themselves ...
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tritonyeah666
Elite |
08-Aug-2022 14:55
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yes profitable but if you look at the latest fund flows you will see many funds such as Lion Global etc have all exited recently...they used to have ard 20+ mio shares 4 months ago. | ||
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Catrade
Senior |
08-Aug-2022 10:52
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Jiutian Chemical is still a very profitable company, being no2 in supplying DMF in China it' s current share price is too cheap. KGI initiate with an OUTPERFORM recommendation TP of S$0.145 and UOB Kay Hian Adjusts Jiutian Chemical' s price target to S$0.18 from S$0.168.
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tritonyeah666
Elite |
08-Aug-2022 10:14
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Everything seems fully priced in at 0.095-0.096 levels already. Seems like a short from this point on? with possible sell on news effect on friday or next monday. | ||
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lailai
Elite |
05-Aug-2022 08:00
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S-chip.
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Midtermer
Veteran |
05-Aug-2022 06:38
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The amount seems to have been accounted for: 'The Company wishes to inform that the above two amounts totalling RMB 25.89 million
are not new potential liabilities and have been captured by Herunsheng as trade payables
since FY2019.'
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tritonyeah666
Elite |
04-Aug-2022 21:29
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ANNOUNCEMENT OF LITIGATION INVOLVING 45% OWNED SUBSIDIARY The Board of Directors of Jiutian Chemical Group Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce we have been informed by our indirect 45% owned subsidiary, Henan Herunsheng Isotope Technology Co., Ltd. (&ldquo Herunsheng&rdquo ), through a letter to all its shareholders on 3 August 2022 | ||
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tritonyeah666
Elite |
04-Aug-2022 09:58
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1 year liao since they submitted, still no approval for new factory, think killed off by approving authorities bah | ||
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doremifatso
Member |
04-Aug-2022 08:44
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Net cash is about 100% of market cap. This is driven by a surge in profitability. PE is now about 2 only. Market is pricing this as though it is another of those fraud china companies. But these guys have been paying decent dividends so im confifent the cash is real. Next steps is for the company to do share buybacks and declare more dividends. | ||
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tritonyeah666
Elite |
02-Aug-2022 10:47
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But dmf prices have come down alot....what about Q3-Q4...QtoQ may look bad for those quarters. | ||
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