China Sunsine Chemicals

More
5 years 8 months ago #24439 by BNN
Replied by BNN on topic China Sunsine Chemicals
China Sunsine issued a Profit Alert:

The company ... is expected to report a substantial increase in consolidated net profit, compared to the corresponding period from 1 April 2017 to 30 June 2017.

The expected profit growth is mainly due to the increase in both average selling price (“ASP”) and sales volume of the Group’s products.

.... the Chinese government has been placing more emphasis on environmental protection, and more frequent environmental protection inspections were conducted.

Some players in the rubber chemicals industry which failed to meet the relevant environmental regulations were forced to suspend their productions. This had resulted in the short supply in the market. As such, the Group was able to sell more products at a high ASP in 2Q2018.

Please Log in or Create an account to join the conversation.

More
5 years 8 months ago #24452 by BNN
Replied by BNN on topic China Sunsine Chemicals
according to article, www.nextinsight.net/story-archive-mainme...nings-to-be-a-record

CIMB's forecast was RMB 162 million for 2Q18. Amazingly, China Sunsine reported it beat the forecast handsomely. Actual is RMB240 million!

Please Log in or Create an account to join the conversation.

More
5 years 7 months ago - 5 years 7 months ago #24491 by pine
Replied by pine on topic China Sunsine Chemicals
CHINA SUNSINE TRADING AT ONLY 4-5x PE, BASED ON PHILLIP SECURITIES FORECAST!
CHEAP ISN'T iT AT $1.06 CURRENTLY?
Last edit: 5 years 7 months ago by pine.

Please Log in or Create an account to join the conversation.

More
5 years 7 months ago - 5 years 7 months ago #24500 by BNN
Replied by BNN on topic China Sunsine Chemicals
When share price went below $1.00 today, an independent director stepped in to buy 50,000 shares for S$49,750.00

Koh Choon Kong now holds 4,226,000 shares. He has been holding stake for many years, which is reassuring to minority shareholders.


. infopub.sgx.com/FileOpen/_20180919%20CS_...cement&FileID=525620
Last edit: 5 years 7 months ago by BNN.

Please Log in or Create an account to join the conversation.

More
5 years 5 months ago - 5 years 5 months ago #24544 by BNN
Replied by BNN on topic China Sunsine Chemicals
Company's profit alert for 3Q18 says "expected profit growth is mainly due to the increase in both average selling price (“ASP”) and sales volume of the Group’s products."

The growth comparison is on a year-on-year basis.
What was 3Q17 profit? About RMB77.6 million.

I reckon beating that figure is a given,as the profit for 2Q18 was about RMB240 million. It's a trend thing.

What to look out for is how strong the 3Q18 number is and guidance for 4Q18. So far, the story is intact, and the stock has been oversold to 94 cents.

The PE is only 3-4X with a dividend yield of 4-5% (assumes 20% payout for FY18).
Last edit: 5 years 5 months ago by BNN.

Please Log in or Create an account to join the conversation.

More
4 years 11 months ago #24769 by BNN
Replied by BNN on topic China Sunsine Chemicals
China Sunsine bought back 274,300 shares today $1.13-$1.14.

links.sgx.com/1.0.0/corporate-announceme...cf2#.NextInsight.net

Please Log in or Create an account to join the conversation.

Time to create page: 0.233 seconds
Powered by Kunena Forum
 

We have 1676 guests and no members online

rss_2 NextInsight - Latest News