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lailai Elite	28-Feb-2022 16:33        lailai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wat u said seems correct Hard to trust cina chips or s-chips. Make so much, and give peanuts. Make so much cash, where does the cash go to,. The eps of 4.64c is more than haf the price of the share. TeoMark      ( Date: 28-Feb-2022 15:34) Posted: 0.12 cents dividend at current price is like 1.4% only. Cash increase by 3 times and under ultilised placement proceeds, but lower dividend. Maybe  money in China difficult to flow out, or need to burn cash to plug the holes of its affiliates in China.
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TeoMark Veteran	28-Feb-2022 15:34        TeoMark About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.12 cents dividend at current price is like 1.4% only. Cash increase by 3 times and under ultilised placement proceeds, but lower dividend. Maybe  money in China difficult to flow out, or need to burn cash to plug the holes of its affiliates in China.
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tritonyeah666 Elite	28-Feb-2022 14:53        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BBs do not have mandate to buy s chips but mainly buy blue chips n indexes or large caps. Unless it's prop trading firms or they seek special mandate to buy s chips lol.
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TraderBen Supreme	28-Feb-2022 14:39        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the BBs are not interested. How much they earn also irrelevant. Afterall it?s an s chip. Accounts might not be true afterall. If u ever get caught in Midas. You will understand. Of coz nobody wishes to see it this way. Just be careful when trading with a chips. This one even DYODD doesn?t works Huat to all!
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Midtermer Master	28-Feb-2022 14:33        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree that PE ratio of 5 is fair considering that this is a S chip. Too bad market disagrees for now. Cheers. lailai      ( Date: 28-Feb-2022 12:57) Posted: Excluding impairment, eps of 4.64c is more than haf of share price of 8.3.  What a shorties joke. At 4.64c eps, share price shd be worth at least 20cents, imo. Midtermer      ( Date: 26-Feb-2022 00:00) Posted: 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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weishent Elite	28-Feb-2022 13:38        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting BBs come in push up.
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lailai Elite	28-Feb-2022 12:57        lailai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Excluding impairment, eps of 4.64c is more than haf of share price of 8.3.  What a shorties joke. At 4.64c eps, share price shd be worth at least 20cents, imo. Midtermer      ( Date: 26-Feb-2022 00:00) Posted: 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	28-Feb-2022 11:57        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No, its just a mini 1.2% dividend in May once shareholders approved in AGM. Previous dividends was last year May as well (around 0.0035 then)
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Midtermer Master	28-Feb-2022 11:48        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the kgi report is correct, there will be a huge dividend payout in May if the dividend payout ratio is the same as last year. Fundamentally it is good but we know the share price is heavily manipulated. Dyodd. tritonyeah666      ( Date: 28-Feb-2022 11:27) Posted: Mini 1.2 percent dividends lol in may
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tritonyeah666 Elite	28-Feb-2022 11:27        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mini 1.2 percent dividends lol in may
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Midtermer Master	28-Feb-2022 11:00        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last line caught my attention. Another dividend coming soon? ozone2002      ( Date: 28-Feb-2022 10:54) Posted: KGI research Jiutian Chemical (JIUC SP): Stellar performance   &bull BUY Entry &ndash 0.084 Target &ndash 0.105 Stop Loss &ndash 0.075 &bull Jiutian is the second largest Dimethylformamide (DMF) producer in China, with a total annual capacity of 150,000 tons of DMF and methylamine (MA). Both these chemicals are important ingredients in industries as diverse as consumer goods, petrochemicals, electronics, pharmaceuticals and fertilisers. In addition, it now produces chemicals for fast growing sectors such as batteries that are used in electric vehicles. &bull FY2021 net profit +79% YoY. JIUC reported a 79% YoY surge in net profit to RMB310mn, even when taking into account a RMB126mn impairment related to an associated company, Anyang Jiujiu Chemical Technology. This was on the back of strong average selling prices (ASP) of Dimethylformamide (DMF) and Methylamine. JIUC was able to achieve an ASP of RMB12,127 per tonne for DMF and RMB11,837 per tonne for Methylamine, an increase of 103% YoY and 57% YoY respectively. Overall sales volume increased 9-11% YoY. &bull Tight market riding on strong demand. Driven by the exceptionally high average selling prices,   China DMF sector also recorded historically high profits which are estimated to be more than RMB7,000/tonne. The widening spread was mainly due to the relatively low cost of raw materials such as methanol and synthetic ammonia (trough-to-peak: up 55%) and the strong demand from Southeast Asia. The effective capacity of China&rsquo s domestic DMF capacity in FY21 was 900,000 tonnes and the capacity utilisation rate averaged at 80%. In 2H21, market leader Hualu Hengsheng (600426 CH) had 150,000 tonnes of capacity overhaul, resulting in a shortage of DMF supply. &bull FY22 outlook remains upbeat. COVID-19 pandemic is expected to end in 2022 as the majority becomes vaccinated. With potential treatment pills released and the adoption of herd immunity policy, most countries will be fully opened by 2H22. The full normalisation of production activities will support demand for DMF and related products. Meanwhile, the domestic capacity will not see a substantial ramp-up this year. Therefore, the supply and demand dynamics will remain relatively tight. The raw material costs have little room to grow as methanol import is expected to resume to a normal level of 13mn tonnes, and the domestic methanol capacity is expected to be 70mn tonnes. Meanwhile, the domestic methanol demand is expected to be around 83mn tonnes. &bull Cheap valuations and higher dividends later. JIUC currently trades at only 2.7x FY2021 P/E. If we exclude the one-off impairment, JIUC will be trading at 1.9x FY2021 Core P/E. Assuming DMF prices of RMB10,000 per tonne in FY2022, which we believe is a very conservative assumption when compared to the current market price and the RMB12,127 ASP achieved in FY2021, JIUC will still be trading at only 3.8x FY2022F P/E. We understand that the S$0.0012 final dividend has not fully accounted for the stellar performance in FY2021 given the delay in cash transfer and we still expect that the company to be able to pay out at least S$0.011 based on a 25% payout ratio of its FY2021 net profit of RMB 310mn.
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ozone2002 Supreme	28-Feb-2022 10:54        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	KGI research Jiutian Chemical (JIUC SP): Stellar performance   &bull BUY Entry &ndash 0.084 Target &ndash 0.105 Stop Loss &ndash 0.075 &bull Jiutian is the second largest Dimethylformamide (DMF) producer in China, with a total annual capacity of 150,000 tons of DMF and methylamine (MA). Both these chemicals are important ingredients in industries as diverse as consumer goods, petrochemicals, electronics, pharmaceuticals and fertilisers. In addition, it now produces chemicals for fast growing sectors such as batteries that are used in electric vehicles. &bull FY2021 net profit +79% YoY. JIUC reported a 79% YoY surge in net profit to RMB310mn, even when taking into account a RMB126mn impairment related to an associated company, Anyang Jiujiu Chemical Technology. This was on the back of strong average selling prices (ASP) of Dimethylformamide (DMF) and Methylamine. JIUC was able to achieve an ASP of RMB12,127 per tonne for DMF and RMB11,837 per tonne for Methylamine, an increase of 103% YoY and 57% YoY respectively. Overall sales volume increased 9-11% YoY. &bull Tight market riding on strong demand. Driven by the exceptionally high average selling prices,   China DMF sector also recorded historically high profits which are estimated to be more than RMB7,000/tonne. The widening spread was mainly due to the relatively low cost of raw materials such as methanol and synthetic ammonia (trough-to-peak: up 55%) and the strong demand from Southeast Asia. The effective capacity of China&rsquo s domestic DMF capacity in FY21 was 900,000 tonnes and the capacity utilisation rate averaged at 80%. In 2H21, market leader Hualu Hengsheng (600426 CH) had 150,000 tonnes of capacity overhaul, resulting in a shortage of DMF supply. &bull FY22 outlook remains upbeat. COVID-19 pandemic is expected to end in 2022 as the majority becomes vaccinated. With potential treatment pills released and the adoption of herd immunity policy, most countries will be fully opened by 2H22. The full normalisation of production activities will support demand for DMF and related products. Meanwhile, the domestic capacity will not see a substantial ramp-up this year. Therefore, the supply and demand dynamics will remain relatively tight. The raw material costs have little room to grow as methanol import is expected to resume to a normal level of 13mn tonnes, and the domestic methanol capacity is expected to be 70mn tonnes. Meanwhile, the domestic methanol demand is expected to be around 83mn tonnes. &bull Cheap valuations and higher dividends later. JIUC currently trades at only 2.7x FY2021 P/E. If we exclude the one-off impairment, JIUC will be trading at 1.9x FY2021 Core P/E. Assuming DMF prices of RMB10,000 per tonne in FY2022, which we believe is a very conservative assumption when compared to the current market price and the RMB12,127 ASP achieved in FY2021, JIUC will still be trading at only 3.8x FY2022F P/E. We understand that the S$0.0012 final dividend has not fully accounted for the stellar performance in FY2021 given the delay in cash transfer and we still expect that the company to be able to pay out at least S$0.011 based on a 25% payout ratio of its FY2021 net profit of RMB 310mn.
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tritonyeah666 Elite	28-Feb-2022 10:40        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No gap up, more like a sell on news
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weishent Elite	28-Feb-2022 10:32        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Super turn ard. come on JT go go go
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Alvin2042 Master	27-Feb-2022 12:26        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One thing is true. If not for China controlling the commodities n producers prices, methanol will sure shoot up like in Oct last year to $4k. But after the government action, methanol price down down alot and never recover above $3k, most of the time hovering between $2.5-$2.8k. This v the dmf price still fetch very good margin. Coal may be high in international mkt, but there also a price control in China. Nevertheless, Q1 volume will be affected by covid n CNY. So volume at most 2/3 of Q4 volume. tritonyeah666      ( Date: 27-Feb-2022 10:44) Posted: Check here: Its high due to the oil prices surging and the fact that they closed 2 weeks in Jan, and Indonesian coal export ban all contributes to higher cost inputs which does not bode well for next quarter results. It will still be a positive, dun get me wrong, the DMF vs cost inputs spreads is still profitable just that it wont be able to beat Q4 profits which was all time record.as DMF prices hit 18k levels if i recall. New factory approval remains the main catalyst for the surge to break 0.100 though. http://www.sunsirs.com/uk/prodetail-429.html
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tritonyeah666 Elite	27-Feb-2022 10:44        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Check here: Its high due to the oil prices surging and the fact that they closed 2 weeks in Jan, and Indonesian coal export ban all contributes to higher cost inputs which does not bode well for next quarter results. It will still be a positive, dun get me wrong, the DMF vs cost inputs spreads is still profitable just that it wont be able to beat Q4 profits which was all time record.as DMF prices hit 18k levels if i recall. New factory approval remains the main catalyst for the surge to break 0.100 though. http://www.sunsirs.com/uk/prodetail-429.html
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Alvin2042 Master	27-Feb-2022 10:38        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U sure methanol price very high Jan-Feb? Or just think so given the high oil n coal price. tritonyeah666      ( Date: 27-Feb-2022 09:15) Posted: But jiutian next quarter onwards results may not be good, methanol n coal prices very high in jan-feb due to Indonesian coal export ban and oil prices above 95
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tritonyeah666 Elite	27-Feb-2022 09:15        tritonyeah666 About Contact  Quote this Post!
x 1   x 0  Alert Admin	But jiutian next quarter onwards results may not be good, methanol n coal prices very high in jan-feb due to Indonesian coal export ban and oil prices above 95
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GoodLearner Senior	27-Feb-2022 08:17        GoodLearner About Contact  Quote this Post!
x 1   x 0  Alert Admin	Earning per share is 0.1561rmb = 3.25 sg cts PE only 2.58 Full year dividend 0.47cts (0.12 + 0.35) This gives a return of 5.6%  (More if not the impairment) A pe of 3 gives a price of 9.7 cts All these good data no use if BBs keep changing hands at every 0.1 cts!
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Alvin2042 Master	26-Feb-2022 19:05        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No error....only 0.12 cts. Save up for plant expansion. By the time approve, no need new borrowings to get start the expansion. TeoMark      ( Date: 26-Feb-2022 16:30) Posted: Maybe there is a typo on the dividend amount. Doesnt look like 1 cent. 😅 😅 .
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