Latest Forum Topics /
Jiutian Chemical
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JiutianC
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ssw518
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24-Oct-2020 12:02
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not vested i trade n short on Friday.  
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Justice888
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24-Oct-2020 11:52
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Run from $0.026 to current $1.14. 43 times return. Highest is 1.98. 76 times . don?t mind JT goes up to max $0.60 then down to $0.34. Those who bought cheap and sold high will think the bb is kind. I think in all shares purchase. The entry point is important.
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Justice888
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24-Oct-2020 11:47
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I believe u not holding any shares now . Is common here.
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AndyKoh
Master |
24-Oct-2020 11:37
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Next Friday.  So, what this potentially means is that, the price has room to move, Bro - this is my take. Just trade with caution next week.  It can be boom or bust - anybody' s guess. We all got into this counter for the " ability" of the share price to move up, so let' s watch it and huat along the way together, Bro.
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mattohoh
Elite |
24-Oct-2020 11:22
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Bro 7 days when the placement due date?
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ssw518
Supreme |
24-Oct-2020 10:18
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i know many bro are quite resourceful in data, if memory dun fail me, there is a placement done before this one few years back, higher than current placement px, bigger qty too. cannot recall what px it peak for that placement. might be good to use that as a base check vs current one, one big diff is a major competitor went " bankrupt" ? why? we actually dunno detail. Since px of product is getting better, might be wise to expand, but do not forget JT have quite substantial debt too, and there is part of bunsiness not doing well (i saw one bro mention it). Again, i need to stress, not trying to encourage sell / buy, just opinion since i trade only for this one, it is wise JT chose this time to raise placement (every company will take such opportunity to it' s build financial base), as for us retailer, you need to do prudent risk accessment, don' t rush in too fast as we all know, BB are manuplating many stock in sgx recently (if you ask me, worst is not medtec but VP), best is to have as much unknown factors verified as possible before jumping in. especially your own financial stress you can tahan for next 3-6 month, if stuck might be a long one. I suggest trade on opportunity rather long time hold for this one at current price. dyodd   |
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AndyKoh
Master |
24-Oct-2020 10:15
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The company has 7 days from the issue of the LQN to place out the shares. 
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AndyKoh
Master |
24-Oct-2020 10:13
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MT bb? God forbid. MT bb is so ruthless!! This one is S-chip, so I think is Cheena BB with deep pockets. Just my guess only la... dun take it so seriously  ![]()
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AndyKoh
Master |
24-Oct-2020 10:06
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Agree Bro... there had been 2 attempts to push up to 90 yesterday - all-time high since the re-listing of the stock and I agree that the retailers are not biting as it was not chased beyond 90. BB backed down and continued to support at 88/89 levels. Dont forget, it was Friday and retailers were willing to take profit already (I did too, by the way) cos retailers had already gotten in JT last week or even early this week. If at all, the BBs were " eating" the 90 themselves. I believe next week will be interesting - uptrend or downtrend - frankly, it is anybody' s guess. What we can do (for all of us here vested) over this weekend, is to do a post-mortem. That is all.  Most important, is have a good weekend. We can go into this forum and share our thoughts and views as well as read other people' s opinions as well.  
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AndyKoh
Master |
24-Oct-2020 09:59
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The placement is a private placement and there is no public tranche. So, usually such placement will be in the hands of long-term holders. It is not like an IPO exercise where the allotment figures will be disclosed. This is a private exercise and allocated accordingly by the Management and the sponsors.
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gregtan123
Supreme |
24-Oct-2020 09:44
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depends who they place it out too, aslo lucky not placed out yet + (a) Great results, (b) now cyclicals: chemicals in play even inn USA
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mattohoh
Elite |
24-Oct-2020 09:40
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Bro will the placement affect the uptrend?
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gregtan123
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24-Oct-2020 09:24
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but u convenienntly forget the real peak price was 0.089 with 61 million, there were 2 big separate push to touch 9 twice. at 61 million, and the huge volume buying up and push, it is not likely u r getting many retails bitting. in fact, most retails I know sold and took profit.   
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mattohoh
Elite |
24-Oct-2020 09:11
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When will the placement be effective?
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ssw518
Supreme |
24-Oct-2020 08:47
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very much depends on who take up the placement. if big investment fund that usually hold then good if release to trading to be place out to small institution or public then might up the lorry. worst if big part goes to public placement. I would trade rather than hold till i know the breakdown of placement allocation, best is nothing go public or only 1 party took up everything (unlikely). For me anything above 90 (60.1.5) is risky, 96 (60x 1.62) is a no, at least for now n for me. dyodd. this counter is in short watchlist everyday too, need to be careful. huat ah  
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trademaster
Supreme |
24-Oct-2020 08:32
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My 2 cents  1)Yesterday was last push to final distribution, base on super heavy volume at peak price ( at 90 only 30 lots done). 2)87 was breakout price and suck in many at 88. This becomes strong resistance.  3)The risk to the nature of their biz is oil price. This risk may be back, as oil price should have bottomed at current levels 37-41. With economy opening up, planes flying ships moving etc...oil price should be rebounding. That' s why we see HK stocks like CNOOC, PetroChina rebounding yesterday ( top gainers with the banks). Mkt is forward looking 6 mths to a year.  4)Eventually, after the placement, price should mean reversion to near its placement price 60, a benchmark or support to look at . 
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papayaface
Supreme |
24-Oct-2020 07:44
Yells: "This is the best time to enter....when everythings uncertain" |
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Aiyo, placement is a done deal. Move on. The issue is whether placees would offload it once they receive it.  Unlikely if they are looking forward to the coming results, expected to be announced in about 2 weeks time.  Then we should ask, will they sell on news? Unlikely too cos the main products which they have a monopoly is DMF which is still on an uptrend.  Margins are improving too as oil price remains subdued. DMF prices can be checked easily.....  This is the latest market report from Sunsirs' s website :   Price trend According to the data monitored by SunSirs, as of October 20, the average price of domestic premium DMF companies was 8,016.17 RMB/ton. The domestic DMF market price continued to increase, and the price rose, compared with the same period last month, the price increased by 16.46%.Compared with the price at the beginning of October, it rose 8.82%, an increase of more than 300 RMB/ton. Analysis review      The domestic DMF market is on the upward trend, downstream demand has increased, sales are smooth, and downstream replenishment is active. At present, there is no pressure on inventory, the upward trend is strong, the center of gravity is strong, and the focus of negotiation is high. As of October 20th, Luxi Chemical' s price was 8,250 RMB/ton, Zhangqiu Riyue was 8,300 RMB/ton, Hualu Hengsheng was 7,500 RMB/ton, Shaanxi Xinghua was 8,300 RMB/ton, and the reference price of East China market was 8,550-8,750 RMB/ton. The reference price of the South China market was 8,800-8,900 RMB/ton. The upstream methanol price is stable, the transaction atmosphere is acceptable. Just need replenishment is the majority, mostly based on negotiation. On October 19, the chemical index was 761 points, an increase of 1 point from previous day, a decrease of 25.10% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 27.26% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now) Market outlook The DMF analyst of SunSirs believes that the DMF market is currently operating at a high level and the upward momentum is strong, and it will maintain an upward trend in the short term. |
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Alvin2042
Master |
24-Oct-2020 06:47
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Need to push? Placement at 6 cts, current price 8.5 cts. At current price, many will rush to take up the placement.
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mattohoh
Elite |
24-Oct-2020 03:35
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Swee bro. Huat ah! What?s the placement abt?
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gregtan123
Supreme |
24-Oct-2020 00:37
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Next Week got show liao. they to push up, if not who subscribe to their placement? Also placees prob know great results! Nov results will be sick! let' s go 0.10 first stop
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