$Jiutian Chemical (C8R.SG)$ Jiutian expects to report a net ...
Jiutian expects to report a net loss for the 1HFY2023 ended June.
This is mainly due to a decline in the average selling prices of its main products - dimethylformamide and methylamine - arising from the industry wide softening of demand, and significant production capacity added by a new competitor since the end of 4QFY2022.
This has been consistent with the compan's 12 month outlook provided in its first quarter results, which has guided that the business environment will remain challenging for the financial year.
The company's results will be announced around Aug 14.
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Newbie_monkey : time to enter again as it drops further? LOL
102765799 : oh dear, I'm severely in deficit, sir, time to average down?
bullrider_21OP 102765799: I think wait until supports around 0.046 and 0.045.
102765799 bullrider_21OP:
bullrider_21OP 102765799:
102481566 : This is expected since its first quarter reporting.
102765799 bullrider_21OP: reaching support indeed sir
going down more?
bullrider_21OP 102765799: Wait until results are out. I think may rebound around 0.045 support.
102765799 bullrider_21OP: it has reached 0.45 indeed! is it good time to average? severely in deficit
bullrider_21OP 102765799: I think monitor another 2-3 days.
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