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Jiutian Chemical
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JiutianC
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niteowl68
Elite |
08-Nov-2021 15:30
Yells: "God Bleess You" |
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THere maybe SC towards the last half hour of trading like what happened yesterday?? Watch and see... |
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tritonyeah666
Elite |
08-Nov-2021 12:12
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Most likely there will be price action later either this PM or later this week. The increase in volume since last friday means the bb have to do something. Only thing is they will most likely do it for short term and wont be long term investors unlike retailers who are often left holding the bag. DYODD. |
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niteowl68
Elite |
08-Nov-2021 11:34
Yells: "God Bleess You" |
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Seems strange that JT is still trading at the prices around the time before the 6 Aug profit guidance and then after a good set of Qtr results announced on 11 Aug 21. Now after another Qtr passed with high DMF prices and impending approval of new factory plus another good Qtr results expected.. price can still be languishing at the lows near 081. Price will eventually catch up with fundamentals as the Management n Investors of the Company are not sleeping n working for free!! If they detect that external syndicates are manupulating, depressing or shoring of their stock, they can do something about it. Just wait and see... hold on for the ride.. Dyodd |
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tritonyeah666
Elite |
08-Nov-2021 10:29
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Yes, accumalation going on but they wont push the price up until the news is out. As usual they will sell swiftly after tha, but should be lower highs as per historical trend. (Analysis is entirely based on historical pattern on charts, I may be totally wrong) | ||||
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niteowl68
Elite |
08-Nov-2021 10:08
Yells: "God Bleess You" |
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Accumulation going on? highly likely as 24m at 081 n 28m at 082 done... BB seems like suppressing the stock to collect before results?? LT holders don' t sell cheap... watch further.. Dyodd | ||||
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lp2000
Elite |
08-Nov-2021 09:56
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ok.
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tritonyeah666
Elite |
08-Nov-2021 09:36
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Cause earnings this week, as per the last few quarter results, bb have done the same | ||||
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lp2000
Elite |
08-Nov-2021 09:29
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How would you know that this would be the last?
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tritonyeah666
Elite |
08-Nov-2021 09:18
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Last stretch of pump and dump by bbs... | ||||
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newpe1234
Member |
07-Nov-2021 14:52
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It is a good thing to have a short term correction for price stabilisation - DMF pricing has gone much higher as compared a year ago. Rare earth exports are at high and demand for DMF downstream remains high in the mid to long term.
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niteowl68
Elite |
07-Nov-2021 13:48
Yells: "God Bleess You" |
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KGI Research report dated 17 May 2021 still current. See link: https://www.kgieworld.sg/research/jiutian-chemical/ One cannot be too short term to watch JT' s stock price week by week like super Bear. Management is still working hard and LT target of 14.5c next year may still be achievable. Once news of new factory is being approved, there will be another leg up and this additional factory/capacity had not been factored into the above report. Dyodd |
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tritonyeah666
Elite |
07-Nov-2021 11:15
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Market is forward looking, and DMF prices seem to be trending down from Q4 onwards. Next week pump n dump by bb may be the final chance to get out at 0.085-0.090 levels DYODD. | ||||
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niteowl68
Elite |
07-Nov-2021 11:08
Yells: "God Bleess You" |
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EXTRACT FROM JT' s 1H2021 Financial Statement posted on SGX: (F) Commentaries on balance sheet The Group&rsquo s decrease in non-current assets was mainly due to share of loss from associated companies as explained in the preceding paragraphs and depreciation charges of property, plant and equipment. The Group&rsquo s increase in current assets was largely attributed to: a. an increase in trade and other receivables, as more customers opted to use trade bills as a form of repayment during 1H2021 and this led to a longer credit repayment period. However, part of the trade bills received from customers during 1H2021 were then used to repay the supplier as trade bills payables and b. partially offset by a decrease in cash and cash equivalents due largely to cash used in investing activities and financing activities as presented in the cash flow statements. The Group&rsquo s decrease in current liabilities was largely attributed to: a. a decrease in bank borrowings due to repayment of term loan and bill payables to banks and b. Partially offset by an increase in gross trade and other payables due to trade bills received from customer with longer credit repayment period used to repay supplier as trade bills payables and increased in income tax payables due to higher net profit for the financial period. The Group is in a net current assets position as at 30 June 2021 of RMB 392.20 million ============= JT is in a cash rich position and together with a bumper 3Q results, we can reasonably expect a fat Div (Broking firm KGI estimated around 0.0049c based upon a 30% payout ratio) coming.... On top of that, with news of the new factory progress, we can expect JT to cheong this time.. huat ah! Dyodd |
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TeoMark
Veteran |
05-Nov-2021 13:17
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On that note, we are finalising an expansion plan comprising a new 100,000-ton methylamine plant adjacent to our current 120,000-ton methylamine/ DMF facility to meet rising demand for our methylamine products, and to maximise utilisation of our current DMF capacity Subsequent to the end of the financial year, the Group entered into an arrangement with Anhua (&ldquo Arrangement&rdquo ) for the settlement of the amount due from associated company of RMB145,000,000, in conjunction with the Group&rsquo s expansion plan. The completion of the Arrangement is subject to further feasibility study of the Group&rsquo s expansion plan and due diligence to be carried out. Management expects that the Arrangement would be completed within the next 12 months.
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josephyeo
Elite |
04-Nov-2021 21:31
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Just for info. |
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peterwong321
Veteran |
04-Nov-2021 17:00
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sinogrand, sumoon i still few hundred lots inside.....can write off liao
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tritonyeah666
Elite |
04-Nov-2021 15:42
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okay, if factory approval news come out maybe then got some hope. I think Anhua forced to do the asset and debt restructuring or else, the govt wont approve the new factory approval for Jiutian. | ||||
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ftw7788
Member |
04-Nov-2021 15:35
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sinogrand, sumoon... and many more. won many contracts, huge profits also no use. all BS.
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tritonyeah666
Elite |
04-Nov-2021 15:25
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yes i remember midas and best world, alot of poor retailers lost money | ||||
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ftw7788
Member |
04-Nov-2021 15:24
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way too many here already. really good ones go to US. 2nd liners to HK. those conmen come here to con us.
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