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tritonyeah666 Elite	12-May-2023 19:52        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	News release - Jiutian recorded first quarterly loss in 1Q2023, after reporting 12 continuous quarters of profits from 1Q2020 - Notwithstanding, the Company is proposing an interim dividend of SGD 0.009 per ordinary share, an increase of 20% over the corresponding interim dividend of FY2022 The Board of Directors of Jiutian Chemical Group Limited (&ldquo Jiutian&rdquo ) wishes to announce that after 3 years of profits from FY2020, the Group has recorded a loss of RMB 111 million in 1Q2023. The sharp turn in financial performance was mainly due to a significant downward correction of product prices across all main products of the Group. The average selling prices of Dimethylformamide (&ldquo DMF&rdquo ) and Methylamine were 11% and 46% lower than preceding quarter, 4Q2022, and were 66% and 65% lower than the corresponding quarter, 1Q2022. The drop in prices, which started in 4Q2022, were mainly due to the twin impact of industry wide softening of demand and addition of new capacity by our new main competitor, Jiangxi Xinlianxin Chemical Industry Co., Ltd., which has a total DMF capacity of 200,000 tons per year as compared to Jiutian&rsquo s total production capacity of 150,000 tons per year. Jiutian&rsquo s Chairman, Han Lianguo, said, &ldquo We regret to announce our first quarterly loss in 1Q2023 after 3 years of continuous profits from FY2020. This was despite our efforts to contain the losses, against a very difficult market of industry wide softening demand and increased supply. Going forward, we will monitor the market dynamics very carefully and will adjust production volume when necessary to achieve optimal financial performance, while continuing supply to long term customers and protect the market share. Notwithstanding the challenging year ahead, the Board has decided to continue rewarding our shareholders where possible. I am therefore pleased to announce that we are proposing an interim dividend of SGD 0.009 per ordinary share for FY2023, an increase of 20% over corresponding interim dividend in FY2022. This is consistent with the Board&rsquo s intention to maintain the stability and sustainability of dividend distribution, taking into consideration both the long-term needs of the Company and the interest of all shareholders.&rdquo Total in June-23 payout for dividends: 0.0105 x number of shares you have
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tritonyeah666 Elite	10-May-2023 14:26        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dropping even further in Q2....below 5300 鲁 西 99.9% 市 场 价 5050元 /吨 聊 城 鑫 义 化 工 科 技 有 限 公 司 2023-05-10 华 鲁 恒 升 优 等 品 市 场 价 5150元 /吨 聊 城 鑫 义 化 工 科 技 有 限 公 司 2023-05-10 安 阳 九 天 优 等 品 市 场 价 5100元 /吨 聊 城 鑫 义 化 工 科 技 有 限 公 司 2023-05-10
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Tracer63 Elite	10-May-2023 13:20        Tracer63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tgt 70 Tracer63      ( Date: 10-May-2023 13:19) Posted: Load up
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Tracer63 Elite	10-May-2023 13:19        Tracer63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Load up
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tritonyeah666 Elite	09-May-2023 17:18        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	dun want to be a wet blanket, but the dividends is less than my t bills lol at 4%
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Heerbrugg Veteran	09-May-2023 16:25        Heerbrugg About Contact  Quote this Post!
x 0   x 0  Alert Admin	XD on 24 May 2023
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Heerbrugg Veteran	09-May-2023 16:23        Heerbrugg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good to enter at 0.061. Recently drop alot. Going to issue dividend, so still a profitable company.
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tritonyeah666 Elite	03-May-2023 15:23        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	not sure how much of the 200 mio net cash will be left once the loss is reported for Q1 officially, also Q2 should also be a loss. If FY23, chemicals does not pick up which it seems may be challenging judging from a couple of the chemical reports i have read, the 200 mio will be like burning cash, all gone in a year
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Sgvale Supreme	03-May-2023 15:00        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good to pick
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Heerbrugg Veteran	03-May-2023 09:34        Heerbrugg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Need to fall a few days then up again! tritonyeah666      ( Date: 03-May-2023 09:28) Posted: --- Post Removed by User ---
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deadbored Member	02-May-2023 21:47        deadbored About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanx for sharing your thoughts guys... dloh1368      ( Date: 02-May-2023 09:19) Posted: It was a covid play, now post covid should switch out from this counter. tritonyeah666      ( Date: 02-May-2023 08:03) Posted: Q2 will probably be flat to net loss too judging from the dmf-methanol spread. If you do decide to hold maybe can come back in 2024, if not there may be alot more pain ahead
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tritonyeah666 Elite	02-May-2023 21:39        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Eeven the double bottom support at 0.069 broke....sad day for jiutian
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Sgvale Supreme	02-May-2023 10:17        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today bottom 63
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dloh1368 Member	02-May-2023 09:19        dloh1368 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was a covid play, now post covid should switch out from this counter. tritonyeah666      ( Date: 02-May-2023 08:03) Posted: Q2 will probably be flat to net loss too judging from the dmf-methanol spread. If you do decide to hold maybe can come back in 2024, if not there may be alot more pain ahead
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tritonyeah666 Elite	02-May-2023 08:03        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Q2 will probably be flat to net loss too judging from the dmf-methanol spread. If you do decide to hold maybe can come back in 2024, if not there may be alot more pain ahead
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deadbored Member	02-May-2023 00:01        deadbored About Contact  Quote this Post!
x 0   x 0  Alert Admin	So do you guys think this still worth keeping? Sounds like the capacity has caught up with demand now.   tritonyeah666      ( Date: 30-Apr-2023 21:18) Posted: good pt, looking forward to the upcoming 0.0015 dividend payout and possibly an interim dividend in June to be declared in view that FY2022 they did make signifcant profits. But next week do expect a 5-10% sell down.
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tritonyeah666 Elite	30-Apr-2023 21:18        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	good pt, looking forward to the upcoming 0.0015 dividend payout and possibly an interim dividend in June to be declared in view that FY2022 they did make signifcant profits. But next week do expect a 5-10% sell down.
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Johnsnow Elite	30-Apr-2023 14:44        Johnsnow About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a multi-bagger stock from 1 cents current still stay 6 to 7 cents, look at other cannot make it down until become 0.005 no eyes see
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newpe1234 Member	30-Apr-2023 10:38        newpe1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your concluding statement is the defining point at this moment in time - industry consolidation. Juitian has strategic products - hold your heads up.  tritonyeah666      ( Date: 28-Apr-2023 21:41) Posted: To be honest, cant be helped as the DMF-methanol spread is barely breaking even and Jiutian needs at least 3k spread to break even. It was 2.4-2.6k for the last 2 quarters and possibly 2Q as well. Also, macro factors such as the below, and potential recessionary fears are not helping:   BARCELONA (ICIS)&ndash This year, China will complete an unprecedented amount of petrochemical and fertilizer capacity, creating oversupply in some global markets and switching the country from net importer to an exporter in certain commodities. 232m tonnes/year of chemical and fertilizer capacity due onstream 2023/4 Chemicals demand growth will flatten or turn negative China GDP growth will stay low, driven by demographics China growth driven by massive stimulus, construction bubble bursting China switches from net importer to exporter of purified terephthalic acid (PTA) Polypropylene (PP) from 67% self-sufficient to 97% in 2022, may become net exporter Monoethylene glycol (MEG) moves closer to self-sufficiency In 2014 China announced a self-sufficiency strategy for chemicals Pandemic delayed impact of new capacities US shale-related expansions target exports to China Could result in capacity closures in other regions That said, Jiutian could be in a better position now to weather the storm as its balance sheet is much more solid than before.
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doremifatso Senior	28-Apr-2023 22:11        doremifatso About Contact  Quote this Post!
x 0   x 0  Alert Admin	They should stop all expansion and return cash to shareholders at this time. tritonyeah666      ( Date: 28-Apr-2023 21:41) Posted: To be honest, cant be helped as the DMF-methanol spread is barely breaking even and Jiutian needs at least 3k spread to break even. It was 2.4-2.6k for the last 2 quarters and possibly 2Q as well. Also, macro factors such as the below, and potential recessionary fears are not helping:   BARCELONA (ICIS)&ndash This year, China will complete an unprecedented amount of petrochemical and fertilizer capacity, creating oversupply in some global markets and switching the country from net importer to an exporter in certain commodities. 232m tonnes/year of chemical and fertilizer capacity due onstream 2023/4 Chemicals demand growth will flatten or turn negative China GDP growth will stay low, driven by demographics China growth driven by massive stimulus, construction bubble bursting China switches from net importer to exporter of purified terephthalic acid (PTA) Polypropylene (PP) from 67% self-sufficient to 97% in 2022, may become net exporter Monoethylene glycol (MEG) moves closer to self-sufficiency In 2014 China announced a self-sufficiency strategy for chemicals Pandemic delayed impact of new capacities US shale-related expansions target exports to China Could result in capacity closures in other regions That said, Jiutian could be in a better position now to weather the storm as its balance sheet is much more solid than before.
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