| Latest Forum Topics / Jiutian Chemical Last:0.022 -- |
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JiutianC
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X-Man-X
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12-Nov-2020 20:14
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From JT result brief. Tomorrow should see rebound in price.  Why the Improving Results during 9M2020 1. Demand for DMF and MA has been up since 2Q2020 and gathered speed in 3Q2020 in line with China&rsquo s recovery. Second largest player of DMF and MA (annual capacity 180k tons) shut permanently, making Jiutian the second largest player by production capacity in China. This also reduced total market supply. 2. Raw material cost, mainly methanol and liquid ammonia, remain low given low global energy prices and excess capacity in China for methanol. 3. Recovery of China&rsquo s economy has been in full swing since 3Q2020, resulting in strong product demand experienced by our customers in traditional industries like Polyurethane, animal feed and pesticides. 4. Rising demand from customers in high growth sectors of lithium batteries, semiconductor/ electronics and medicine. 5. General improvement in export market for China&rsquo s manufacturers as most other export oriented countries have not regained manufacturing capacity due to Covid 19 disruptions. This has resulted in higher demand for our products used to produce goods for export. Steps Going Forward (4Q2020 and Beyond) 1. Operate DMF/MA plants efficiently, at high to full utilisation by end 2020. 2. Restart SH plant by 1H2021, with one line producing SH and 3 other intermediate products as built, and discussion is in advance stage to modify the second line with a potential JV partner for other more profitable products. 3. Explore potential acquisition targets in synergistic and high growth sectors, including the possibility of downward integration and plant expansion where the market demand for the product is expected to be strong and sustainable.   |
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tofudidi
Supreme |
12-Nov-2020 19:16
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Can pick up and hold if u can wait. Should I turn
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AndyKoh
Master |
12-Nov-2020 19:14
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Wa...liddat . I see stars tonite
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tofudidi
Supreme |
12-Nov-2020 19:09
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Based on sgyuan chart, should be heading to placement price real soon | ||||
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AndyKoh
Master |
12-Nov-2020 19:07
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No choice la, Bro...live to fight another day 😄
Today, kena blue black aldy..la... Aiyoh some more friday 13th ... hope Bb not puntang and help to push JT up again la....pray pray.... Tonight, I think I just dream 10-10-10 can already la...or maybe 11-11-11 😁
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Pepetrades
Senior |
12-Nov-2020 18:59
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Solid la bro! Fight tml!!
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AndyKoh
Master |
12-Nov-2020 18:48
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Well, we survived today"s meltdown....live for another day and fight again tomorrow 🤺
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Pepetrades
Senior |
12-Nov-2020 18:35
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Honestly I wanted to sell off when I started seeing a lot of negative news about china. But it' s the strong resistance of the bb that convinced me nvm, just hold. I guess this a lesson for me. | ||||
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Pepetrades
Senior |
12-Nov-2020 18:31
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Seems like you are talking about after the trade lift. Yeah I noticed JT soar from then.
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AndyKoh
Master |
12-Nov-2020 18:25
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Yeah... JT was top volume around 6 series.... then placement announcement, then the stock chiong up.  It all started from there... I never got into MT - so, I dont really know the price action.  MT now has alot of stale bulls. I think JT still got hope la.... a few weeks ago, massive flushdown... today another one - I shake my head and like living through hell all over again....lol  ![]()
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AndyKoh
Master |
12-Nov-2020 18:20
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Bro, I newbie here la...   still got alot to learn from you all - so experienced.    My thought on this 92 married deal is maybe there is still some ray of hope la....the game is not over...and I do hope it is not over. So these 2 blocks just passed from 1 hand to another lor.... maybe the seller has this block so cheap and decide to take profits and the broking house (I think maybe CIMB) found a buyer who finds it cheap and want to hold long term? Maybe? But actually, relative to the huge volume transacted, this 28million is not that big, after all.... Just have to watch and see how the market opens tomorrow - I hope not another wild roller coaster ride  ![]()  
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Pepetrades
Senior |
12-Nov-2020 18:20
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Ohh like that, I didn' t enter when JT was 6c. Mistake is that I should have studied this stock.. I agree that the buyers support might not be much too. Thanks bro for sharing
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Contratrader
Elite |
12-Nov-2020 18:15
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BB should have accumulate a lot at bottom plus the 6c placement so their cost wont be too high..so after result..just sell their whatever holdings on news....maybe until low enough dont know which level ..maybe 6-7...they might come back.. Medtec is another typical example...BB run road long time ago ..so every rebound is a sell..u can see the downtrend chart .. JT is fresh so still got many bargain hunters..so if dop too low might have buyers come in to support tomorrow. .but most probably within a range..
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Pepetrades
Senior |
12-Nov-2020 18:13
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Joker you bro😂
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AndyKoh
Master |
12-Nov-2020 18:09
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Of course not 20-20-20 already la... I just joking Bro... Now, dont talk about party already - talk about survival in this massive selldown .... lol.... how to take stock and recover.... wallet burnt already la....lol 20-20-20 is a dream that I dreamt last nite after the results came out BUT this morning, I woke up to nightmare!!!
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Pepetrades
Senior |
12-Nov-2020 18:07
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Yeah 20-20! Not too soon tho, seeing as today is diving day. Now back to 10-10 and 11-11 liao. Slowly up to 20
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Contratrader
Elite |
12-Nov-2020 18:06
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Bro ...U look like very experienced...not newbies..Yes...dont thnk this match trade meant anything. ..Probably BB just change hands
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mikethong88
Elite |
12-Nov-2020 18:05
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weeks accumulation of prfits can be wiped out within 1 trading day. wtf | ||||
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cheng8888
Senior |
12-Nov-2020 18:02
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See the trend, look like the group of BBs take the money and out the SGX already. All shares push up and sell down yesterday and today. Have to wait them to come back lo. |
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lailai
Elite |
12-Nov-2020 18:01
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Almost wanted to buy with big lots when seeing bull charging initially ... bulls charging at 116  with 20+ millions followed by 117 also 20+ mil. Thought easy money, but thought wait a bit longer to see if manipulators at work, the usual pump to dump. True enough they dump and dump in tandem with MT. Result JT dived 30 bids down, with huge volumes of 728mil traded from LH to RH. SGX shd activate their Circuit Breaker control to at least regulate the manipulation, but nothing done. Got rule like no rule like that, what a joke. What for go thru all the trouble to write such regulation in such refined language. What for have a watchdog that does not bark.
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