Jiutian Chemical (JIUC SP): Fantastic chemistry

  • BUY Entry – 0.085 Target – 0.120

    Stop Loss – 0.080

  • Jiutian is the second largest Dimethylformamide (DMF) producer in China, with a total annual capacity of 150,000 tons of DMF and methylamine (MA).


    Jiutian factoryBoth these chemicals are important ingredients in industries as diverse as consumer goods, petrochemicals, electronics, pharmaceuticals and fertilisers.

    In addition, it now produces chemicals for fast growing sectors such as batteries that are used in electric vehicles. 


  • Jiutian Chemical

    Share price: 
    8.8 c

    Target: 
     14.5 c

    China’s economy has benefited from supply disruptions in the rest of the world. We see this trend continuing this year and may surprise on the upside given the unprecedented amount of fiscal and monetary stimulus around the world. 

  • Robust prices. Prices of DMF, its main product, remain resilient. DMF prices rose above RMB 12,000 per tonne last week, 22% higher than our RMB 9,800 forecast for 2021. 

  • Outperform with fundamental TP of S$0.145. Given the buoyant DMF prices, we maintain our Outperform recommendation and TP of S$0.145 which we published in our initiation report on 17 May 2021. 

  • Earnings watch and catalyst. The company is likely to report its first half earnings in the second week of August.

Share Prices

Counter NameLastChange
AEM Holdings4.3400.050
Avi-Tech Electronics0.315-0.005
Broadway Ind0.184-
China Sunsine0.445-
DISA0.004-
Food Empire0.535-
Fortress Minerals0.4500.025
Geo Energy Res0.4200.005
Golden Energy0.7500.010
GSS Energy0.059-0.003
InnoTek0.540-0.005
ISDN Holdings0.5500.005
ISOTeam0.108-
IX Biopharma0.1720.001
Jiutian Chemical0.1070.001
KSH Holdings0.3550.005
Leader Env0.059-0.001
Medtecs Intl0.1860.001
Meta Health0.038-
Moya Asia0.056-0.001
Nordic Group0.4250.010
Oxley Holdings0.174-
REX International0.295-
Riverstone0.7250.005
Sinostar PEC0.215-0.005
Southern Alliance Mining0.6800.060
Straco Corp.0.420-
Sunpower Group0.400-
The Trendlines0.103-
Totm Technologies0.1440.002
UG Healthcare0.225-
Uni-Asia Group1.0300.020
Wilmar Intl4.1600.030
Yangzijiang Shipbldg0.9200.015

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 568 guests and no members online