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Jiutian has appreciated by more than 43% since I bought it 2 weeks ago at 2.05. For more info, pls visit my blog at http://makemorefrenz.blogspot.com
Is it a good share to invest now as i am not much knowing of this share
If the shares stay at today price of $2.00. The effective price will $0.4 (1 share become 5 shares). The bonus warrant exercise of $0.8 is double. What gain is there unless the share price hit above $0.8 after sub division.
Am I wrong or can anybody enlighten me.
I agree tat BB r not wif Jiutian today...
But will tis stock stop gaining n start to drops? Or will it keeps on moving up without BB's help due to its great potential?
The Board of Directors of Jiutian Chemical Group Limited (the "Company") wishes to announce the following:
(a) the proposed sub-division (the "Sub-Division") of each existing ordinary share (the "Share") in the capital of the Company into five Shares (the "Sub-Divided Shares"); and
(b) the proposed bonus warrant issue (the "Bonus Warrant Issue") of up to 275,908,800 bonus warrants (the "Bonus Warrants") on the basis of one (1) Bonus Warrant for every five (5) Sub-Divided Shares held in the share capital of the Company as at the books closure date (the "Books Closure Date") to be determined by the Company. Fractional entitlements, if any, will be disregarded and disposed in such manner as the Directors may in their absolute discretion deem fit for the benefit of the Company.
Based on assumption that the Sub-Division of Shares had been approved at the EGM to be convened, the issued share capital of the Company will consists of 1,379,544,000 Shares and up to 275,908,800 Bonus
Warrants will be issued free to the Shareholders. Each Bonus Warrant carries the right to subscribe for one (1) New Share at an exercise price of S$0.80 per New Share. The exercise price of S$0.80 represents a
premium of 19.3% over the volume weighted average trading price of the Company's shares (after subdividing each Shares into five Shares) as at the close of trading on 26 July 2007. The Bonus Warrants will be provisionally allotted to the entitled Shareholders on the basis of one (1) Bonus Warrant for every five (5) Sub-Divided Shares held by the entitled Shareholders as at the Books Closure Date.
Jiutian announced sub-division of 1 share into 5 shares and issue of 1 free warrant for 5 shares (after subdivision).
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_924D1224A57D17C94825732400249BC8/$file/Announcement_260707_final.pdf?openelement
BUY S$2.89; JIUC SP; Price Target : 12-Month S$ 3.60 (Prev S$ 3.00)
Story: Jiutian posted a decent set of 2Q results that were in line
with
our expectations. Net profit registered an impressive y-o-y growth of
43% to RMB 18.7m attributed to strengthening in ASP of DMF and
continuous improvement in the production process.
Point: Together with the results, Jiutian announced the successful
completion of its new 120,000-tonne DMF facility. The on-time
completion
reaffirmed the company's high commitment in promised delivery and
further boosts our confidence in their earning executions. We believe
this would mark a breakthrough for Jiutian, being capable of
operating
the world's single largest DMF production line.
Relevance: As the successful completion of the new plant removed one
of
the uncertainties contributing to execution risk, coupled with
potential
M&A underpinning strong growth prospect, we have raised our valuation
peg from 12x to 15x 08 PE. This translates to an undemanding 0.25x
PEG
over our 60% FY06-09 EPS estimates. Accordingly, our TP is revised to
S$3.60.
I am vested in Jiutian for long-term.
Heard that BBs intend to play this counter up to $4.
Anyway, it is a fundamentally sound stock worth holding.
BBs start to play...
momemtum building......... anyone watching this stock?
anything to do with this counter?
is looking at investing in two to three fund-management firms in China, a person familiar with the situation said Friday.
Pure Methanol play... will it evaporate? Doesn't look like it though...
DBSVicks targets $3!!!!.
Story: Jiutian announced that it is investing RMB204m for
a 51% stake in a joint venture with its largest supplier, Anyang
Chemical Industry to set up Anyang Jiulong Chemical, a
methanol manufacturing facility with operational capacity of
250,000 tonnes, together with pressure steam production and
power generation facilities.
a 51% stake in a joint venture with its largest supplier, Anyang
Chemical Industry to set up Anyang Jiulong Chemical, a
methanol manufacturing facility with operational capacity of
250,000 tonnes, together with pressure steam production and
power generation facilities.
�� Point: We view this upstream expansion positively as the
move will 1) ensure a steady and cost effective supply of
feedstock to sustain stability and profitability of the group?s
DMF division; 2) reduce Jiutian?s dependence on Anyang and
3) generate external sales of high pressure steam and power
for methanol. The 5x DMF capacity expansion plan, coupled
with new contribution from Jiulong, will propel Jiutian?s
earnings growth to an impressive 3 year CAGR of 80% up till
FY09.
move will 1) ensure a steady and cost effective supply of
feedstock to sustain stability and profitability of the group?s
DMF division; 2) reduce Jiutian?s dependence on Anyang and
3) generate external sales of high pressure steam and power
for methanol. The 5x DMF capacity expansion plan, coupled
with new contribution from Jiulong, will propel Jiutian?s
earnings growth to an impressive 3 year CAGR of 80% up till
FY09.
�� Relevance: We have raised FY08 earnings by 13% to
account for Jiulong?s new contributions, which comes
onstream from 2H08. Consequently, our target price is raised
to S$3.00, still peg to 11x FY08 earnings. Maintain Buy.
account for Jiulong?s new contributions, which comes
onstream from 2H08. Consequently, our target price is raised
to S$3.00, still peg to 11x FY08 earnings. Maintain Buy.