Dear all Since my write-up “Singapore – Asia’s worst equity market YTD, any opportunities ahead?” posted on my blog on 1 Nov 2020 (click HERE) citing opportunities in our Singapore market, Singapore market (as represented by STI) has clocked in its best monthly return in Nov 2020 since May 2009, up 15.8%! In the U.S., the strong market sentiment is filtering to its small mid cap space with Russell 2000 hitting record high last week. For those readers who are looking for Singapore small caps which are overlooked by the market, Jiutian Chemical (“Jiutian”) may be an interesting company to consider. Jiutian caught my attention as it has generated two strong quarters of net profit, reversing from losses recorded in FY2019.   Description of Jiutian Based on Figure 1 below, Jiutian’s main product is DMF. It is the second largest DMF producer in China with an annual production capacity of...