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Just got feeling China counters going to move fast....
jackjames ( Date: 26-Sep-2008 09:48) Posted:
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nobody buy at 0.06 last week ? LOL....... 100 % gain baby !
what happen to Jiutian??? thought there is a boughtover ??
this is my first time seeing, transaction done at 5:05:06... it looks like many lots eagerly to let go at last second.. hmmm... will it break 0.10 tomorrow?
| 17:05:06 | 0.1 | 5,075,000 | Sell Down |
| 17:05:05 | 0.1 | 3,634,000 | Sell Down |
Players mull major holder's move to sell its entire 28.4% stake in China-based methanol producer. Stateglory Investments will sell stake to China's state-owned Anyang Chemical at $0.18/share, $0.02/warrant. News of state-owned coal company Yong Mei taking 32.15% stake in Jiutian's new methanol plant for CNY200 million also doing little to restrain stock's pullback. But local house dealer attributes weakness to merely players selling on news; "people have been buying up on anticipation (of this news) as the rumor has been around for a while." DBS Vickers says both developments positive to Jiutian''s operations, should benefit shareholders in long run; "the presence of Anhua, a leading chemical producer, should bring about positive changes to Jiutian" while Yong Mei will "play a key role in the success of the methanol project by providing a stable and cheaper source of coal." Upgrades stock to Hold from Fully Valued, lifts target price to $0.15 from $0.10.
OMG! Open 0.13 and closed 0.115. As mentioned in my earlier post, this is not a takeover general offer. Can only HOPE that it goes up and it did not 
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Jiutian (HOLD, upgrade from FULLY VALUED; S$0.135; Bloomberg Code: JIUC SP)
Strategic partnerships inked
Price Target: 12-Month S$ 0.15 (Prev S$ 0.10)
by: Pei Hwa Ho +65 6398 7968
Story: Jiutian made an announcement that involved two of its upstream
partners : (i) Its current water gas supplier, Anyang Chemical Industry
Group Co. (“Anhua”) is acquiring a 28.4% stake in Jiutian from the Group’s
key management. The total consideration is S$86.6m, based on S$0.18 a
share, which is attractively priced at >30% premium to market price, and
S$0.02 for each warrant that is out-of-the money. (ii) Coal-based
conglomerate, Yong Cheng Coal & Electric Group Ltd. (“Yong Mei”) is
injecting RMB200m into Jiulong for a 32.15% stake in the JV between Jiutian
and Anhua that will operate a 250k tpa methanol plant.
Point: Although there is no material impact on earnings at this time, these
two developments are positive for Jiutian’s operations and should benefit
its shareholders in the longer term. The key management will continue to
manage the daily operations of Jiutian. As such, the presence of Anhua, a
leading chemical producer, should bring about positive changes to Jiutian.
Yong Mei will play a key role in the success of the methanol project,
expected to come onstream by 1Q09, by providing a stable and cheaper source
of coal. This is a win-win partnership as Jiutian can benefit Yong Mei via
its expertise in downstream fine chemical. Hence, we expect more
cooperation between the two entities in the downstream coal-based fine
chemicals space.
Relevance: The new strategic partnerships inked is positive. Upgrade to
Hold with a target price of S$0.15 based on 9x FY09 EPS. For the stock to
re-rate further, Jiutian would need to deliver consecutive sets of good
results.
Strategic partnerships inked
Price Target: 12-Month S$ 0.15 (Prev S$ 0.10)
by: Pei Hwa Ho +65 6398 7968
Story: Jiutian made an announcement that involved two of its upstream
partners : (i) Its current water gas supplier, Anyang Chemical Industry
Group Co. (“Anhua”) is acquiring a 28.4% stake in Jiutian from the Group’s
key management. The total consideration is S$86.6m, based on S$0.18 a
share, which is attractively priced at >30% premium to market price, and
S$0.02 for each warrant that is out-of-the money. (ii) Coal-based
conglomerate, Yong Cheng Coal & Electric Group Ltd. (“Yong Mei”) is
injecting RMB200m into Jiulong for a 32.15% stake in the JV between Jiutian
and Anhua that will operate a 250k tpa methanol plant.
Point: Although there is no material impact on earnings at this time, these
two developments are positive for Jiutian’s operations and should benefit
its shareholders in the longer term. The key management will continue to
manage the daily operations of Jiutian. As such, the presence of Anhua, a
leading chemical producer, should bring about positive changes to Jiutian.
Yong Mei will play a key role in the success of the methanol project,
expected to come onstream by 1Q09, by providing a stable and cheaper source
of coal. This is a win-win partnership as Jiutian can benefit Yong Mei via
its expertise in downstream fine chemical. Hence, we expect more
cooperation between the two entities in the downstream coal-based fine
chemicals space.
Relevance: The new strategic partnerships inked is positive. Upgrade to
Hold with a target price of S$0.15 based on 9x FY09 EPS. For the stock to
re-rate further, Jiutian would need to deliver consecutive sets of good
results.
caught me big surprise... it should be >0.18 , isn't it? maybe it will start to cheong soon lei? so, good time to load up?
Any reason why dropped back to low of 0.115 instead of "chiong"after halt lifted today?
Buying at 18c is cheap if u think they are buying back what they sold previously. It is like a short covering over an extended period.
so, that's almost 40% jump,... interesting..
During 2007, I invested in Fabchem after Dyno Nobel took strategic stake at 0.52 (plus 0.13 depending on result). Instead of cheong, its been down ever since. Today its 0.39 and lucky I cut long long ago. Will Jiutian cheong? Hope so because I in too for a long long time. But this is not a general offer hence can only hope and hope. I hope it will not be like my bad experience with Fabchem.
Yes, Jiutian will be start active soon, those 3 big shark buy at 0.13 will be earn a lot....lucky i also buy in some
does it mean, by monday , the opening price will be >$0.18 ?
Jiutian request to Halt and pending for good news to be announce. Take note
Hi Guys, High vol. today. Any news.
DMF quotes stablising at approx RMB 7,200 to 7,350 since June 2008. Stock price has been battered lately. Hope the coming Jiutian Chemical Q2 results to be released on 13th Aug bring good news. :)
2008-07-22 [Source: Pudaily]
.. At present, DMF stocks are delivered at RMB7250-7350 for big accounts; while the traders sell at RMB7300-7400/t with delivery.
Latest DMF prices in July08..
2008-07-08 [Source: Pudaily]
DMF remains stable in the east. The downstream buying ability is weakening, while suppliers do not intend to make any further compromise after the previous price decrease.
Delivered prices for large buyers are RMB7250-7350/t and RMB7350-7500/t for smaller buyers offered by traders.
Huh, another big paper loss in Jiutian, start looking for money cost averaging every Sgd. 0.015 drops in price.
Nostradamus ( Date: 01-Jul-2008 14:15) Posted:
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Broke strong support at $0.125. This doesn't bode well for Jiutian. Looks like more downside.
Checking on the DMF prices and seems like it has risen.
2008-06-19 [Source: Pudaily]
DMF in the eastern markets is steady. The demand of local resin industries maintains at a low-end level. DMF raw material price is gradually moving into stability, which eases suppliers' pressure.
At present, DMF stocks are delivered at RMB7300-7500/t for leading manufactures and offered at RMB7500-7700/t by traders.