| Latest Forum Topics / Jiutian Chemical Last:0.027 -- |
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New Catalysts
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novena_33
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01-Nov-2007 09:33
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look like is better then i expected.... can clear 64....and next level is 67c 
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novena_33
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31-Oct-2007 17:05
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this time....with 2000lots close at 63.5c breaking 64c is not a problem....
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novena_33
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31-Oct-2007 16:51
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not bad for today... 
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reisspoh
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31-Oct-2007 14:09
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not looking good yet ... better to wait and see strategy .... |
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novena_33
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31-Oct-2007 13:40
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Here the snap shot of the pdf.....some upside there ...was testing 64c few days back...this time....should be able to break.... 31 October 2007 Jiutian Chemical Group Limited (JIUC SP / JUTN.SI, OUTPERFORM - Maintained, S$0.61 - Target: S$0.75) Company visit - Re-rating catalysts ahead by Jessie LAI We visited Jiutian?s new DMF plant in China recently and witnessed the plant?s fast ramp-up. We also saw the construction of the new methanol plant, on track for trial production by mid-2008. In view of higher methanol prices recently, we expect margins to decline over the next three quarters before the methanol plant comes on stream. We have reduced our FY07-08 EPS forecasts by 12-29% to factor in lower ASP assumptions, a slower ramp for the methanol plant and higher methanol prices. However, our DCF-derived target price has been raised from S$0.63 to S$0.75 (WACC 14%, LTG 1.5%) as we roll forward our valuation basis to CY08. Maintain Outperform for its strong earnings growth, undemanding valuations vs. industry peers and M&A prospects. |
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jennlsk
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31-Oct-2007 12:41
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http://www.gohdirect.com/NASApp/spaf/econtent/sg/Jiutian-311007.pdf |
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