$九天化工(C8R.SG)$heard the outgoing chairman say in today AGM the storm will take 2 years before it gets better....maybe can come back in 2 years time to see if worth buying then
Seems like an existentialism crisis brewing with the diversification plan being mooted, and now approved, and prices shld either move sideways or further down with economy being stagnant and chemical prices continue to be oversupplied. I do not see any potential of prices of their core products moving into profitability territory.
$Japfa(UD2.SG)$ Looks like there is good support at 0.21. The buyers should be confident of Japfa businesses in Indonesia. That’s why they are buying at 0.21. $九天化工(C8R.SG)$
$九天化工(C8R.SG)$ENTRY INTO DEFINITIVE AGREEMENTS The Board of Directors of the Company (the "Board") refers to the Company's announcements dated 13 January 2024, 1 February 2024 and 24 February 2024 (the "Announcements"), and wishes to update Shareholders that the Company's wholly owned subsidiary, Anyang Jiutian, has on 5 March 2024, entered into the Definitive Agreements, i.e. the Synthetic Ammonia Project Transfer Agreement, Urea Facility Lease Agreement and Trademark Licensing Agr...
$九天化工(C8R.SG)$ As stated in the 1H2023’s commentary which was announced on 3 Aug 2023, the Group’s financial performance continue affected by the significant downward correction of product prices across all main products of the Group, arising from the double effect of industry wide softening of demand and new production capacity added by the new main competitor in this industry. We expect to continue facing low product prices in FY2024. We will adjust our production volume so as to m...
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Looks like there is good support at 0.21. The buyers should be confident of Japfa businesses in Indonesia. That’s why they are buying at 0.21.
$九天化工(C8R.SG)$
Oh no., again. Another suspension. I hope there will be privatization news from the company.
The stock price remains stable at 2.5 cents, not dropping to 2 cents like what someone mentioned previously.
As stated in the 1H2023’s commentary which was announced on 3 Aug 2023, the Group’s financial performance continue affected by the significant downward correction of product prices across all main products of the Group, arising from the double effect of industry wide softening of demand and new production capacity added by the new main competitor in this industry. We expect to continue facing low product prices in FY2024. We will adjust our production volume so as to m...
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