$Jiutian Chemical (C8R.SG)$ heard the outgoing chairman say in today AGM the storm will take 2 years before it gets better....maybe can come back in 2 years time to see if worth buying then
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Seems like an existentialism crisis brewing with the diversification plan being mooted, and now approved, and prices shld either move sideways or further down with economy being stagnant and chemical prices continue to be oversupplied. I do not see any potential of prices of their core products moving into profitability territory.
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$Jiutian Chemical (C8R.SG)$ ENTRY INTO DEFINITIVE AGREEMENTS The Board of Directors of the Company (the "Board") refers to the Company's announcements dated 13 January 2024, 1 February 2024 and 24 February 2024 (the "Announcements"), and wishes to update Shareholders that the Company's wholly owned subsidiary, Anyang Jiutian, has on 5 March 2024, entered into the Definitive Agreements, i.e. the Synthetic Ammonia Project Transfer Agreement, Urea Facility Lease Agreement and Trademark Licensing Agr...
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$Jiutian Chemical (C8R.SG)$
As stated in the 1H2023’s commentary which was announced on 3 Aug 2023, the Group’s financial performance continue affected by the significant downward correction of product prices across all main products of the Group, arising from the double effect of industry wide softening of demand and new production capacity added by the new main competitor in this industry. We expect to continue facing low product prices in FY2024. We will adjust our production volume so as to m...
As stated in the 1H2023’s commentary which was announced on 3 Aug 2023, the Group’s financial performance continue affected by the significant downward correction of product prices across all main products of the Group, arising from the double effect of industry wide softening of demand and new production capacity added by the new main competitor in this industry. We expect to continue facing low product prices in FY2024. We will adjust our production volume so as to m...
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$Jiutian Chemical (C8R.SG)$
The board of directors (the "Board" or "Directors") of Jiutian Chemical Group Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce that subject to the approval of the shareholders of the Company (the "Shareholders") to be sought at an extraordinary general meeting ("EGM") to be convened, the Company intends to diversify its business and expand its existing core business to include the New Business, which includes, inter alia, the ...
The board of directors (the "Board" or "Directors") of Jiutian Chemical Group Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce that subject to the approval of the shareholders of the Company (the "Shareholders") to be sought at an extraordinary general meeting ("EGM") to be convened, the Company intends to diversify its business and expand its existing core business to include the New Business, which includes, inter alia, the ...
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$Jiutian Chemical (C8R.SG)$ Trading halted...gg
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MiltonWong OP Dragon Fish : oversupply, chemicals companies all losing money....only way to survive i believe is to internally acquire each other, and have a series of M&A activities
MiltonWong OP Dragon Fish : trying to outdo each other by slashing prices, and gaining market share and squeezing each other to bankruptcy is not game theory optimal from a prisoners dilemma perspective
MiltonWong OP 102765799 : im buying now also
MiltonWong OP 102765799 : it should go up together with the rest of the stock mkt
MiltonWong OP 102765799 : Now is still not too late