$Jiutian Chemical (C8R.SG)$ Personally I think this stock is...

♤方展博♤ : Yes indeed. I am using the dividend received & buying the shares at half the price previously. Hope this year ends with a profit & the price should go back to SGD0.10. But if losses increase, this will go below SGD0.04

104352670 : Q3 will likely be a loss as its maintenance season for Jiutian...so expect 20 days to be out for its refineries. Also, as indicated in their financial report comments, they are reducing utilization so they dont continue to bleed money by selling their products at a loss. Their cash n cash equivalents still 150 mio SGD for now...they burned 50 mio in 2 quarters to payout dividends, and implement the new methylamine plant in 2024...so see how much more cash they will burn in a tough economic envt. I think Q4 they may have small loss or breakeven. This year very tough la...for all china firms. No demand thats the problem.

104352670 104352670 : so see how much more cash they will burn for rest of the year. I expect similar loss levels for Q3 as the spread is still not profitable for them as DMF-methanol is below 3k as per Sunsirs website. 4.6  minus 2.35k ..u do the math. Q4 will be either small loss or break even. Expect year end to be either 0.035 or 0.050.

104352670 : i forgot to mention that China is experiencing deflation too, unlike the rest of the world undergoing inflation

104352670 ♤方展博♤ : Q3 will almost 100% be losses as well. Monitor the DMF-Methanol prices and you will understand its exactly the same as Q2...nothings changed. The new competitor's capacity and the lack of demand, coupled with deflation is no joke