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Jiutian Chemical
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JiutianC
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tritonyeah666
Elite |
08-Feb-2022 12:21
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so targeting for dividends instead of capital appreciation? Dividends likely in May though. Still have to withstand possible sell-down after results release on 28 Feb or mid Feb (they didnt confirm the date) and March hike by fed which is surely to cause uncertainty in the markets. | ||||||||||||||||
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lailai
Elite |
08-Feb-2022 12:19
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Good info. Extract: " 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 .... "
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tritonyeah666
Elite |
08-Feb-2022 12:16
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Hope it drops lower next few days though, im a buyer at 0.080-0.082 levels | ||||||||||||||||
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nott1965
Veteran |
08-Feb-2022 11:35
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Why never mentioned this impaiirment in profit guidance? All the profit should have neen wiped out. Typical of chinese companies? The board also wish to inform that the ongoing Anhua Exercise may result in a potential asset impairment for the Group. As reported in our annual financial statements of FY2020, the Group&rsquo s current assets included a non-trade amount due of RMB 145 million from our associated company, Anyang Jiujiu Chemical Technology Co., Ltd (&ldquo Anyang Jiujiu&rdquo ), guaranteed by Anhua. The amount due from Anyang Jiujiu represents intercompany loan given by the Group for the construction of Anyang Jiujiu&rsquo s sodium hydrosulfite and related plants. The Board and management will be assessing the recoverability of the amount based on the situation of Anyang Jiujiu and the outcome of the Anhua Exercise, and will decide on the need and extent of impairment of this amount in due course. |
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ozone2002
Supreme |
08-Feb-2022 11:33
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brokerage promoting the stock... lots of distribution past 2 days, will see if it' s able to rise to the occasion but likely will move lower KGI Research Jiutian Chemical (JIUC SP) - Long &ndash Entry 0.088, Target 0.010, Stop 0.082 Uptrend still intact and continues to form higher highs and higher lows after bottoming out in December 2021. |
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lailai
Elite |
08-Feb-2022 11:32
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Wat u said is vely the true. Like alrdy factored. Speculative stock like JT advisable not to chase, cannot outplay the tang chiaks. Just checking thru, they did give reasonable div of 0.35c in 1Q, when profit was quite okay. Think this 4Q, likely they give better angpao after cny, when their profit will be significantly increased, maybe FY eps got 4c, against stock value of just 8.6/8.7c. Wat a joke! Like common sense lah, but still best no chasing lah, as up or down in the hands of tang chiak LH to RH kks. Current price in the red 0.086/0.087.
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GoodLearner
Senior |
08-Feb-2022 11:21
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Since the company is making record profit, their claim of " economic recovery gathered momentum" is helping their profit should be geniune as they do not need any extra boosting.
On the other hand, in Singapore market, many retailers are just just doing speculative contra trade gambling for maximum profit at zero capital. Patiently waiting for them to sell to me. |
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tritonyeah666
Elite |
08-Feb-2022 09:54
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If it's in the press, it's in the price. | ||||||||||||||||
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Joelton
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08-Feb-2022 09:43
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Jiutian Chemical to report ' significant increase' in profit for FY2021
JIUTIAN Chemical Group is expecting to report a " significant increase" in consolidated net profit after tax for the full year ended Dec 31, 2021, due to higher average selling price and sales volume of their main products.
In a bourse filing on Monday (Feb 7), the Catalist-listed chemical company noted strong demand for its main products of dimethylformamide and methylamine since the start of FY2021.
This comes as China' s post Covid-19 economic recovery gathered momentum during the current financial year, it added.
For the previous financial year ended Dec 31, 2020, Jiutian Chemical reported record-high earnings of 173.7 million yuan (S$36.9 million) but said it was not in a position to recommend a dividend as it was not profitable at firm level.
Its financial results for FY2021 will be announced by Feb 28, 2022.
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lailai
Elite |
08-Feb-2022 09:16
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True, shortsellers pressing down price for their BBs to collect. But shortsell vol for the past few days are actually like peanut vol. If these vol of ss in counter like Oceanus, then got concern lah. Trading vol in the past few days are huge, so such ss vol just to scare contra buyers to cut loss or don touch lah. Anyway, just opinn.
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TeoMark
Veteran |
08-Feb-2022 08:57
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Shortsell vol. for the past trading days.
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GoodLearner
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07-Feb-2022 22:36
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Since the general sentiment is ' sell' , expect selling and even shorting early tomorrow morning? Pray hard! Can buy cheap. | ||||||||||||||||
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TeoMark
Veteran |
07-Feb-2022 21:31
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Better result than 2020 is already expected and priced in. 9 months 2021 performance already exceeded full year 2020. Next few quarters may been challenging due to china covid situation. | ||||||||||||||||
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tritonyeah666
Elite |
07-Feb-2022 21:17
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I can think of 3 negative catalysts off the top of my head: 1) No update on factory approval news. Possibly delayed due to item 2 below. 2) Anhua Restructuring still ongoing and potential writeoff of bad debt to Anyang Jiujiu 3) March fed rate hikes crashing global equity markets further. |
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kenopps
Member |
07-Feb-2022 20:54
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https://www.theguardian.com/world/2022/jan/31/rise-in-covid-cases-slows-manufacturing-in-china-to-weakest-in-two-years | ||||||||||||||||
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GoodLearner
Senior |
07-Feb-2022 20:37
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Historical P/E 4.38 ............. P/E Ratio (TTM) 2.68 (best in sgx?) EPS TTM SGD0.0325 This latest news suggest that the company will continue to do well in the foreseable future. Its share price has been sevely undervalued. 2020 fy net profit rmb173.7mill 2021?...... Besides, rmb against sgd remains strong |
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tritonyeah666
Elite |
07-Feb-2022 20:09
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Maybe tomorrow sell on new lol. Since closing is shooting star technical reversal. But you never know with this stock. It could spike back to 0.125 just like in November 2020 that time. | ||||||||||||||||
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josephyeo
Elite |
07-Feb-2022 20:00
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Jiutian Profit Guidance: " The Board of Directors of Jiutian Chemical Group Limited (the Company , and together with its subsidiaries, the Group ) wishes to announce that following a preliminary review of the unaudited financial statements for the financial year ended 31 December 2021 (FY2021 ), the Group is expected to report a significant increase in consolidated net profit after tax, compared to the corresponding period from 1 January 2020 to 31December 2020 (FY2020 ). The expected profit growth is mainly due to increase in both average selling price and sales volume of our main products. As China' s post Covid-19 economic recovery gathered momentum during FY2021, we continued to experience strong demand for our main products of Dimethylformamide (DMF) and methylamine from the start of 2021." |
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GoodLearner
Senior |
07-Feb-2022 19:40
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Jiutian had finally broken its downward trend despite very heavy selling at every level. Have been puzzled why the price keep moving up gradually even its raw material cost (crude oil) has been increasing. There must have a reason behind. Expect heavy selling continue at every level. Expect the day will come when the price will shoot up. |
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EC_CE3
Member |
07-Feb-2022 19:34
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Close with Shooting star. Maybe retrace a little before the next push up | ||||||||||||||||
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