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02-Apr-2007 08:55	Jiutian / Chemical is HOT! Go to Message
x 0 x 0	JIUTIAN, e2 remains a BUY with target price $3.50 - Newly unveiled methanol strategy an important expansion step. Jiutian has unveiled details of its methanol strategy, which we believe is an important step forward for the company, as it: * serves to secure a stable and cost effective supply of methanol for its production of DMF; * reinforces its ability to expand its footprint and expertise into other methanol-based fine chemical products; * potentially allows it to move into the alternative energy field, of which methanol is considered one of the more viable options in China; * allows the company to take advantage of firm methanol prices, by selling methanol to external parties. - Project details. The methanol project will be a joint venture between Jiutian and its former parent and SOE, Anyang Chemical. * Jiutian will take a 51% stake in the project, Anyang Jiulong, with former parent and SOE, Anyang Chemical, the remaining 49%. * The project will have a design capacity of 200,000 tonnes and operational capacity of 250,000 tonnes, plus facilities for high-pressure steam production and power generation. * The total cost of construction is estimated at RMB600m, with RMB400m financed by equity (RMB204m from Jiutian and RMB196m from Anyang Chemical) and the remaining RMB200m by project financing loans. * Construction is expected to take 15 months, with commercial production to expected to commence by 1 June 2008. * Costs breakdown: RMB410m for the methanol production facility, RMB115m for the high-pressure steam facility, RMB75m for the power generation facility. * Of the planned 250,000 tonnes methanol output, 160,000 will be contracted to supply Jiutian's expanded DMF production facilities, with the remaining 90,000 tonnes sold to external parties. - Demand for methanol is increasing. Demand for methanol in China has been increasing due to the country's strong economic growth, which gave rise to robust end-user demand, and more recently, the use of methanol as an alternative energy source. With coal being an abundant resource in China, especially in the provinces of Henan, Shanxi, Shaanxi and Inner Mongolia, the Chinese government has been promoting the use of coal-sourced alternative energy. Shaanxi and Shanxi have already begun to convert to public transport vehicles powered by methanol instead of gasoline. In November 2006, the Chinese government announced a new methanol policy, setting a new methanol standard, M100, as an automotive fuel. Along with the new policy, the government is working towards making M100 available in fuel distribution and sales points across China, thus further increasing the demand for methanol. - Raising estimates and target price. With methanol prices stabilizing at around the RMB2,700/tonne level, we are updating our assumptions from RMB2,400/tonne to RMB2,700/tonne. In addition, we expect that the new methanol capacity will lead to further economies of scale, enabling the Jiutian to lower its production cost and expand margins. We had earlier factored in a potential methanol-related development into our estimates, as the company's current methanol capacity of 65,000 tonnes p.a. will be insufficient when the new DMF capacity comes online. However, in light of the newly disclosed methanol project details and firm methanol prices, we are raising our FY12/08F estimates 6% to RMB324.5m. Although the bulk of the benefits will not be reflected in the company's profits until FY12/09F, when the full contribution from the new 250,000 tonnes p.a. methanol plant kicks in, we believe that the project gives the company more stability and predictability as it reduces its susceptibility to methanol's fluctuating prices and supply. It also provides the company with more options in its expansion strategy going forward. As a result, we are raising our target price to S$3.50 based on 15x our FY12/08F estimates, which translates to an upside of 63%. Reiterate BUY.
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30-Mar-2007 16:58	Insider Info/Tips / SUN VIC IPO Go to Message
x 0 x 0	this counter heated up today again.. WINDOW DRESSING?
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30-Mar-2007 10:27	Jiutian / Chemical is HOT! Go to Message
x 0 x 0	jiutian also had a placement early mar can't remember the price..think it was 2.05.. this chemical coy is huge man..JV-ing with other coys and gg into expansion.. definitely worth the investment
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30-Mar-2007 10:24	Synear / Frozen food is good stuff! Go to Message
x 0 x 0	they had a placement just recently @ $1.85 to instituitional investors.. and this stock has potential..especially getting the olympics sponsorship deal
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30-Mar-2007 09:09	Jiutian / Chemical is HOT! Go to Message
x 0 x 0	Accumulate la.. damn good potential... vested at $2.15
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30-Mar-2007 09:07	Synear / Frozen food is good stuff! Go to Message
x 0 x 0	Accumulate this stock... IT's gonna be huge.. vested @ $1.87 $1.9 $1.95 n $2 sit back n watch the show
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05-Mar-2007 15:28	Others / STI will be a slaughter this Monday 5th Mar 2007 ? Go to Message
x 0 x 0	Agree to Nostrodamus on the cut loss..buy on bargain... for now just view put warrants.. n dabble a little if sentiment gets worse..
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05-Mar-2007 14:07	Others / STI will be a slaughter this Monday 5th Mar 2007 ? Go to Message
x 0 x 0	Pure Massacre!..All index down! don't play stocks..play index linked warrants.. buy the put warrants... index down..warrants up.. ;p
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05-Mar-2007 09:56	Straits Times Index / STI to fall below 3000? Go to Message
x 0 x 0	buy STI PUT WARRANT 3000...the more the sti goes down..the more $ u make ....;p
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03-Mar-2007 17:49	Straits Times Index / Strategy for a down market Go to Message
x 0 x 0	in a down market u still can make money my frens... go for index linked warrants... looking at last fri, with dow down..i'm sure it will go down again STI put warrants on monday..sure make $$ ;p
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03-Mar-2007 17:14	Others / STI will be a slaughter this Monday 5th Mar 2007 ? Go to Message
x 0 x 0	BUY STI put warrants la...STI go down more the warrant will increase more!! hehehe...;p GO DOWNTOWN TO CHINATOWN!
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02-Mar-2007 10:03	Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message
x 0 x 0	MKT down..buy index linked warrants loh... INDEX go down ur PUT warrants go up in magnitude
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02-Mar-2007 09:02	Straits Times Index / Strategy for a down market Go to Message
x 0 x 0	the fall is always harder than the rise... in my opinion.. go for put warrants after 10am..tat's when all the forced sellin is done.. ;p
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01-Mar-2007 23:52	Straits Times Index / Strategy for a down market Go to Message
x 0 x 0	u have a positive outlook on the current worldwide financial slump ...
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01-Mar-2007 23:38	Straits Times Index / Strategy for a down market Go to Message
x 0 x 0	market gg down further tml... buy STI PUT WARRANT 3000...cheong ah!..STI FALL BELOW 3000 u'll be laughing to the bank ;p;p
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28-Feb-2007 10:05	Straits Times Index / Strategy for a down market Go to Message
x 0 x 0	Buy index link warrants... Call warrant if u think STI index will go up Put warrant if u think STI will go down.. simple ;p
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16-Feb-2007 22:13	PineAgritech / Nows the time... Go to Message
x 0 x 0	Broke the 70c mark..looks like its gonna run! hang on tight to ur seats!... announcing FY results next week... anyone still vested?
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10-Feb-2007 08:50	Celestial / worth going in Go to Message
x 0 x 0	This share is definitely more than its weight in gold.. Gg in at abt $1.6+..holding it till it reaches $2 good luck pepz
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02-Feb-2007 16:53	Others / SunVic IPO Go to Message
x 0 x 0	to those who didn't get the IPO..don't worry.. buy on open mkt next monday...u'll sure to profit.. good luck ;p;p
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02-Feb-2007 10:14	Lian Beng / Lian Beng Go to Message
x 0 x 0	i'm using chartnexus looked at lian beng..shows good signs of breaking the 52 week high px.. RSI, MACD and stochastic all showing signs of an uptrend
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