$Jiutian Chemical(C8R.SG)$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
MiltonWongスレ主AnaiAnai:
oversupply, chemicals companies all losing money....only way to survive i believe is to internally acquire each other, and have a series of M&A activities
MiltonWongスレ主AnaiAnai:
trying to outdo each other by slashing prices, and gaining market share and squeezing each other to bankruptcy is not game theory optimal from a prisoners dilemma perspective
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. $Jiutian Chemical(C8R.SG)$
$Jiutian Chemical(C8R.SG)$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...
$Jiutian Chemical(C8R.SG)$ Oh no., again. Another suspension. I hope there will be privatization news from the company.
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MiltonWong :
halted la, not suspension. but maybe in 3 years time may kenna watchlist if 3 years of consecutive losses and market cap below 40 mio (now 49 mio)
$Jiutian Chemical(C8R.SG)$ 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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報告
MiltonWongスレ主 :
The Company had declared interim tax-exempt dividend of SGD 0.009 per share in first quarter 2023 and had been paid on 16 June 2023. The Board does not recommend any final dividend for FY2023 as the Group wishes to reserve adequate resources for Company’s ongoing projects and respond to any adverse changes in the macroeconomic environment.
AnaiAnai : avoid.
MiltonWongスレ主 AnaiAnai: oversupply, chemicals companies all losing money....only way to survive i believe is to internally acquire each other, and have a series of M&A activities
MiltonWongスレ主 AnaiAnai: trying to outdo each other by slashing prices, and gaining market share and squeezing each other to bankruptcy is not game theory optimal from a prisoners dilemma perspective