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UOB Kay Hian initiates coverage on Jiutian Chemical with 'buy'
Published Wed, Nov 4, 2020 · 09:50 PM
Singapore
UOB Kay Hian initiated coverage on chemical producer Jiutian Chemical Group with a "buy" rating, and a target price of 16 Singapore cents, in a research note published on Tuesday.
In the research note, analyst Clement Ho said that investors may have overlooked Jiutian's earnings potential, given the upswing in average selling price of one of its products, dimethylformamide (DMF), and depressed costs of major raw materials.
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