dimethylformamide (DMF)

Jiutian Chemical Group reports 1Q21 earnings surge of more than 30 times y-o-y to $18 mil on better demand - THE EDGE SINGAPORE

Results

Jiutian Chemical Group reports 1Q21 earnings surge of more than 30 times y-o-y to $18 mil on better demand

Jiutian Chemical Group recorded earnings for the 1QFY2021 ended March of RMB90.31 million ($18.46 million), 31.5 times greater than its 1QFY2020 earnings of RMB2.87 million.

Continue to 'add' Jiutian Chemical Group on higher ASP: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Continue to 'add' Jiutian Chemical Group on higher ASP: CGS-CIMB

CGS-CIMB Research has kept its “add” rating for Jiutian Chemical Group given that the average selling price (ASP) of the company’s chemical products is expected to be strong ahead.

Upswing in ASPs unlocks value in Jiutian Chemical amid Chinese economic rally - THE EDGE SINGAPORE

Broker's Calls

Upswing in ASPs unlocks value in Jiutian Chemical amid Chinese economic rally

As China continues its rapid recovery from Covid-19 lockdowns, strong demand for dimethylformamide (DMF) is likely to benefit SGX-listed Chinese chemical firm Jiutian Chemical. 

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