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hakansukur Member	06-Apr-2022 17:05        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Would consider today a good result - healthy two way battle 92/93 / positive consolidation a day after having torn down the 89/91 wall. Am encourgaed. Maybe need another day or two of this consolidation before can tear next lvl down
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tritonyeah666 Elite	06-Apr-2022 16:06        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fortune favors the bold, lets go!
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hakansukur Member	06-Apr-2022 13:14        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kum sia - indeed either way is a win from  what you described. they seemed to have started the trend last year (after a decade of no divs) of announcing the bigger dividend not on the final D but on the Interim D so prolly the big one will be announced per usual interim apr/may. Was it uobkayhian whos calling for the 11tic div? If yes guy shud be quite credible. Fingers crossed this round looks more encouraging (fubgers crossed) after the 89/91 wall was taken out - sense pacman accumulator buyer is in and wall is not. G6!
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tritonyeah666 Elite	06-Apr-2022 12:16        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha, probably only the CEO knows abt the new factory approval. I personally doubt it will get greenlit this year cause of the enviromental clampdown on most factories. But thats also a plus for Jiutian as that means prices will be supported. If new factory is green-lit, its also a bullish catalyst. So either way its a win. Dividends 10% is only speculative, the final dividends announced is a disappointing 1-2% only (which makes full FY 2021 divideds to 5.8%?)
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hakansukur Member	06-Apr-2022 10:17        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Given time line of greelightning new factory approval that you have been following, does it look likely they may get it and hence announce greenlight during this may agm in your opinion? am wondering the likelyhood of an all Stars Aligned agm announcement of Factory Approval plus 11tic dividends tritonyeah666      ( Date: 06-Apr-2022 00:06) Posted: Somewhere in may.
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jmlew89 Senior	06-Apr-2022 10:09        jmlew89 About Contact  Quote this Post!
x 0   x 0  Alert Admin	got some jt 92 try try... lets see can cover 95 gap bo....
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hakansukur Member	06-Apr-2022 09:47        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Technically, can chase lonng this break of 89/91 level which was unbreakable previous 3 times. Also, the Wall which stood so strong previously at 89/91 looks absent now. Although 93/94 got decent offers, they look nothing like the Wall at 89/91 previously. Adding a technical chase this mrning at 92/93
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hakansukur Member	06-Apr-2022 09:43        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. Yeaterday 6pm when saw " material difference" filing headline almost fainted man tritonyeah666      ( Date: 06-Apr-2022 00:06) Posted: Somewhere in may.
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ysh2006 Supreme	06-Apr-2022 07:36        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday it said profit increased by about RMB 14 M. After audited,maybe today can have few more bits increase in market price ? tritonyeah666      ( Date: 05-Apr-2022 14:59) Posted: Seems 0.091-0.092 levels holding quite well, not many sellers. May have big moves coming off any news release next few weeks.
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tritonyeah666 Elite	06-Apr-2022 00:06        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Somewhere in may.
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hakansukur Member	06-Apr-2022 00:04        hakansukur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do we have a date for agm?
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Andrew123 Master	05-Apr-2022 19:46        Andrew123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Along with dividend declared pending agm tritonyeah666      ( Date: 05-Apr-2022 18:56) Posted: Good announcement/news on Jiutian just released after 6pm, possible gap up tomorrow? Following the finalisation of management&rsquo s assessment of the carrying amount of the Group&rsquo s investment in its associated company, Anyang Jiulong Chemical Co., Ltd. (&ldquo Anyang Jiulong&rdquo ) vis-à -vis the recoverable amount (based on the expected future cash flows derived from Anyang Jiulong) as at 31 December 2021, the Group reversed the impairment loss on investment in associated companies amounting to RMB14,559,000 and this adjustment was recorded in other income/(expenses). As a result of this reversal, the Group&rsquo s profit before tax, profit and total comprehensive income, the carrying value of the Group&rsquo s investment in associated companies and retained profit increased by RMB14,559,000.
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tritonyeah666 Elite	05-Apr-2022 18:56        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good announcement/news on Jiutian just released after 6pm, possible gap up tomorrow? Following the finalisation of management&rsquo s assessment of the carrying amount of the Group&rsquo s investment in its associated company, Anyang Jiulong Chemical Co., Ltd. (&ldquo Anyang Jiulong&rdquo ) vis-à -vis the recoverable amount (based on the expected future cash flows derived from Anyang Jiulong) as at 31 December 2021, the Group reversed the impairment loss on investment in associated companies amounting to RMB14,559,000 and this adjustment was recorded in other income/(expenses). As a result of this reversal, the Group&rsquo s profit before tax, profit and total comprehensive income, the carrying value of the Group&rsquo s investment in associated companies and retained profit increased by RMB14,559,000.
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tritonyeah666 Elite	05-Apr-2022 14:59        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems 0.091-0.092 levels holding quite well, not many sellers. May have big moves coming off any news release next few weeks.
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papayaface Supreme	05-Apr-2022 14:40        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Seems like this counter is being accumulated and should be moving up soon. Stay invested and be ready. 9.1cts in.  Good luck tritonyeah666      ( Date: 05-Apr-2022 10:48) Posted: UOBKAYHIAN note as of 05 April 2022: Jiutian Chemical Group (JIUC SP) High ASPs To Remain Firm As Supply Remains Limited We are seeing a widening of gross profitability from high product ASPs and a slower rise in raw material prices. We do not expect any significant new production capacity for dimethylformamide and methylamine due to environmental concerns remaining at the forefront of the Chinese government&rsquo s agenda, while ample supply of methanol will put a cap on feedstock costs. Maintain BUY with higher target price of S$0.168 (from S$0.138) after re-basing our valuation year from 2021 to 2022. WHAT&rsquo S NEW &bull Product ASPs continue to trend upwards in 1Q22. According to CEIC Data, the average price for dimethylformamide (DMF) recorded a 74.5% yoy spike in 2M22 to Rmb16,350/tonne (2M21: Rmb9,370/tonne). This compares with our initial estimate of Rmb10,500/tonne in 2022 for Jiutian Chemical Group (Jiutian). Historically, ASPs are typically the lowest in the first quarter, before trending up the rest of the year. &bull No new capacity in the foreseeable future. China&rsquo s manufacturing industry continues to see a DMF supply shortfall as applications for new capacity remain on hold without any follow-ups by the Chinese government as environmental concerns remain at the forefront of policies. We continue to maintain our view that any significant new increase in DMF supply will be capped, and this will support prices in 2022 and 2023. Even if the Chinese government gives approval for new supply, it would still require a minimum of 9-12 months for trials and further approvals, before the new capacity can come on-stream to the market. &bull Widening gross margins also coming from ample supply of methanol. Methanol prices have been kept low because of ample supply. Relative to DMF&rsquo s 74.5% yoy spike, average methanol price in 2M22 saw an increase of just 11.1% to Rmb2,893/tonne, according to CEIC Data. This implies a widening spread in gross profitability (see chart on page 2) for Jiutian Chemical, and we expect 1Q22 financials to reflect a significant scale-up in gross margin and operating leverage. &bull Stark improvement in 2021 financials, not seeing any slowdown. Jiutian&rsquo s 2021 net profit of Rmb310.3m (2020: Rmb174m) significantly exceeded street estimates due to the elevated product ASPs. Operating cash flow of Rmb655.8m was a marked improvement over Rmb129m in 2020, while free cash flow was also healthy at Rmb633.5m (2020: Rmb122.7m) as capex was minimal at Rmb22.3m (2020: Rmb6.3m). Furthermore, Jiutian&rsquo s balance sheet swung from an accumulated loss position (since 2009) of Rmb199.0m in 2020 to Rmb43.5m at end-21. This places the company in a better position to access credit facilities and also pay dividends going forward.  STOCK IMPACT &bull Gross margin expansion anticipated. Averaging 19.3% in 2017-21, adjusted gross margin is expected to improve to 33.9% in 2022 (2021: 32.4%), due mainly to higher product ASPs. This is despite higher growth in raw material cost assumptions of 2% in 2022, based on the forward curve on crude oil futures. &bull No impact from China&rsquo s lockdown at this point. There is currently no impact of China&rsquo s lockdown on Jiutian&rsquo s operations, which are primarily situated in Henan, Zhengzhou. Its customer base stems mainly from Henan, the surrounding provinces adjacent to Henan, namely Hebei, Shaanxi, Shanxi, Hubei, Shandong, and Anhui, and provinces in the Yangtze Delta Region, namely, Jiangsu and Zhejiang. EARNINGS REVISION/RISK &bull We have revised our 2022 and 2023 DMF price assumptions by 4.8% and 10.0% respectively to Rmb11,000/tonne for both years, from Rmb10,500/tonne and Rmb10,000/tonne respectively. This is based on our view that: a) China&rsquo s industrial growth can be sustained, and b) there will be a continued supply shortage in the industry. &bull Accordingly, our net profit growth estimates have risen by 10.9% and 3.9% to Rmb392.9m (+26.6% yoy) and Rmb381.0m (-3.0% yoy), from previous estimates of Rmb354.5.6m and Rmb366.9m respectively. VALUATION/RECOMMENDATION &bull Maintain BUY with higher PE-based target price of S$0.168 (previously: S$0.138). We have rebased our valuation year from 2021 to 2022, with the target price pegged to 4.3x PE, or -1SD of it
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tritonyeah666 Elite	05-Apr-2022 10:48        tritonyeah666 About Contact  Quote this Post!
x 1   x 0  Alert Admin	UOBKAYHIAN note as of 05 April 2022: Jiutian Chemical Group (JIUC SP) High ASPs To Remain Firm As Supply Remains Limited We are seeing a widening of gross profitability from high product ASPs and a slower rise in raw material prices. We do not expect any significant new production capacity for dimethylformamide and methylamine due to environmental concerns remaining at the forefront of the Chinese government&rsquo s agenda, while ample supply of methanol will put a cap on feedstock costs. Maintain BUY with higher target price of S$0.168 (from S$0.138) after re-basing our valuation year from 2021 to 2022. WHAT&rsquo S NEW &bull Product ASPs continue to trend upwards in 1Q22. According to CEIC Data, the average price for dimethylformamide (DMF) recorded a 74.5% yoy spike in 2M22 to Rmb16,350/tonne (2M21: Rmb9,370/tonne). This compares with our initial estimate of Rmb10,500/tonne in 2022 for Jiutian Chemical Group (Jiutian). Historically, ASPs are typically the lowest in the first quarter, before trending up the rest of the year. &bull No new capacity in the foreseeable future. China&rsquo s manufacturing industry continues to see a DMF supply shortfall as applications for new capacity remain on hold without any follow-ups by the Chinese government as environmental concerns remain at the forefront of policies. We continue to maintain our view that any significant new increase in DMF supply will be capped, and this will support prices in 2022 and 2023. Even if the Chinese government gives approval for new supply, it would still require a minimum of 9-12 months for trials and further approvals, before the new capacity can come on-stream to the market. &bull Widening gross margins also coming from ample supply of methanol. Methanol prices have been kept low because of ample supply. Relative to DMF&rsquo s 74.5% yoy spike, average methanol price in 2M22 saw an increase of just 11.1% to Rmb2,893/tonne, according to CEIC Data. This implies a widening spread in gross profitability (see chart on page 2) for Jiutian Chemical, and we expect 1Q22 financials to reflect a significant scale-up in gross margin and operating leverage. &bull Stark improvement in 2021 financials, not seeing any slowdown. Jiutian&rsquo s 2021 net profit of Rmb310.3m (2020: Rmb174m) significantly exceeded street estimates due to the elevated product ASPs. Operating cash flow of Rmb655.8m was a marked improvement over Rmb129m in 2020, while free cash flow was also healthy at Rmb633.5m (2020: Rmb122.7m) as capex was minimal at Rmb22.3m (2020: Rmb6.3m). Furthermore, Jiutian&rsquo s balance sheet swung from an accumulated loss position (since 2009) of Rmb199.0m in 2020 to Rmb43.5m at end-21. This places the company in a better position to access credit facilities and also pay dividends going forward.  STOCK IMPACT &bull Gross margin expansion anticipated. Averaging 19.3% in 2017-21, adjusted gross margin is expected to improve to 33.9% in 2022 (2021: 32.4%), due mainly to higher product ASPs. This is despite higher growth in raw material cost assumptions of 2% in 2022, based on the forward curve on crude oil futures. &bull No impact from China&rsquo s lockdown at this point. There is currently no impact of China&rsquo s lockdown on Jiutian&rsquo s operations, which are primarily situated in Henan, Zhengzhou. Its customer base stems mainly from Henan, the surrounding provinces adjacent to Henan, namely Hebei, Shaanxi, Shanxi, Hubei, Shandong, and Anhui, and provinces in the Yangtze Delta Region, namely, Jiangsu and Zhejiang. EARNINGS REVISION/RISK &bull We have revised our 2022 and 2023 DMF price assumptions by 4.8% and 10.0% respectively to Rmb11,000/tonne for both years, from Rmb10,500/tonne and Rmb10,000/tonne respectively. This is based on our view that: a) China&rsquo s industrial growth can be sustained, and b) there will be a continued supply shortage in the industry. &bull Accordingly, our net profit growth estimates have risen by 10.9% and 3.9% to Rmb392.9m (+26.6% yoy) and Rmb381.0m (-3.0% yoy), from previous estimates of Rmb354.5.6m and Rmb366.9m respectively. VALUATION/RECOMMENDATION &bull Maintain BUY with higher PE-based target price of S$0.168 (previously: S$0.138). We have rebased our valuation year from 2021 to 2022, with the target price pegged to 4.3x PE, or -1SD of it
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ozone2002 Supreme	05-Apr-2022 09:35        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Nice to see this rallying gd luck dyodd ozone2002      ( Date: 03-Nov-2021 11:05) Posted: Last:0.081  -- still feel Jiutian has more upside besides the recent blip commodities rallying hard, companies involved in commodities will do very well gd luck dyodd ozone2002      ( Date: 02-Nov-2021 10:16) Posted: Last:0.082        -0.005 accumulate on dip has business prospects changed? gd luck dyodd
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watashievil Master	04-Apr-2022 17:45        watashievil About Contact  Quote this Post!
x 0   x 0  Alert Admin	finally can see some light after stuck for so long
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tritonyeah666 Elite	04-Apr-2022 17:05        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But does not matter as long as the spread between methanol and DMF is still over 3k, its profitable. Methanol prices now around 3-3.2k. You do the math.
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speed88 Member	04-Apr-2022 16:57        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok thank you! tritonyeah666      ( Date: 04-Apr-2022 15:44) Posted: Yes, it did.   最 新 报 价 产 地 或 品 牌 规 格 报 价 报 价 提 供 方 发 布 时 间 鲁 西 化 工 99.90%min； 优 等 品 市 场 价 13800元 /吨 山 东 振 坤 新 材 料 有 限 公 司 2022-04-04 鲁 西 化 工 大 于 99%优 级 品 市 场 价 13800元 /吨 山 东 振 坤 新 材 料 有 限 公 司 2022-04-04 鲁 西 99.90%min； 优 等 品 市 场 价 13800元 /吨 山 东 振 坤 新 材 料 有 限 公 司 2022-04-04 国 产 国 标 ， 散 水 ， 桶 装 市 场 价 13800元 /吨 聊 城 金 瑞 新 材 料 有 限 公 司 2022-04-04 山 东 鲁 西 化 工 国 标 市 场 价 13800元 /吨 聊 城 芫 泽 化 工 产 品 有 限 公 司 2022-04-04 鲁 西 化 工 优 等 品 市 场 价 13800元 /吨 聊 城 芫 泽 化 工 产 品 有 限 公 司 2022-04-04
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