China Sunsine Chemicals

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9 years 7 months ago - 9 years 7 months ago #20800 by BNN
Replied by BNN on topic China Sunsine Chemicals
This Essence Securities Co analyst report published on 28 August 2014 on Shenzhen-listed Shandong Yanggu Huatai points to rising prices for rubber accelerators.

Reason: govt. officials clamping down on pollutive factories ahead of APEC meeting.

China Sunsine is unaffected as it has integrated water-treatmment infrastructure with its production assets. China Sunsine share price closed at a high of 33.5 cents today!

vip.stock.finance.sina.com.cn/q/go.php/v.../2462588/index.phtml
Last edit: 9 years 7 months ago by BNN.

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9 years 7 months ago #20807 by Bestworld
Replied by Bestworld on topic China Sunsine Chemicals
Doing the right business at the right time at the right place!

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9 years 7 months ago #20808 by Diversity
Replied by Diversity on topic China Sunsine Chemicals
I can only agree that Sunsine is doing the right business in the right place.

For a long time, Sunsine was at a disadvantage when some rivals bought cheap MBT (the feedstock for the bulk of rubber accelerators) from small factories that did not treat waste properly.

The playing field has been levelled only recently when Government suspended MBT factories that pollutd the environment. Sunsine and those who have been producing MBT in-house using clean processes are now capturing larger accelerator market share when the rest have to cut back production as there is not enough MBT in the market for them to buy.

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9 years 7 months ago #20829 by Rich
Replied by Rich on topic China Sunsine Chemicals
The stock keeps hitting higher prices, but that's not the only sign investors are finally shaking off their caution over this counter. I hear that several brokerages like CIMB are sending their analysts to check out the company next week (or the week after).

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9 years 7 months ago #20832 by Bestworld
Replied by Bestworld on topic China Sunsine Chemicals
Expecting a record Q3 result!

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9 years 7 months ago - 9 years 7 months ago #20836 by Rich
Replied by Rich on topic China Sunsine Chemicals
Sigh, missed this. Now 36 cents, still ok to buy? :(


BNN wrote: 2014: net profit

1Q: 23 m
2Q: 60 m

3Q: 75 m (Forecast)
4Q: 75 m (Forecast)

total: 233 m
= 9.8 sgd cents EPS

PE : 3X .... Cheap enough?

Last edit: 9 years 7 months ago by Rich.

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