China Sunsine Chemicals

BNN
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9 years 9 months ago #20464 by BNN

Replied by BNN on topic China Sunsine Chemicals

Shandong Yanggu Huatai Chemical Co Ltd is a smaller producer of accelerators in China compared to China Sunsine.

Check out the data on www.bloomberg.com/quote/300121:CH -- the EPS of Yanggu Huatai was 5.5 rmb cents last year.

The forecast in the Bloomberg database is for 24.2 rmb cents this year. It's an amazing 3.4X jump in EPS.

If the same happens to China Sunsine, its EPS this year would be 12.8 sgd cents. The PE would then be 2.1.

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Joes
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9 years 9 months ago #20483 by Joes

Replied by Joes on topic China Sunsine Chemicals

worth going? have they invited all & sundry to a briefing before? Or is this the first time because the profit will be >100% y-o-y ?

infopub.sgx.com/FileOpen/CS_Notification...cement&FileID=306636

SINGAPORE, 24 July 2014 - The Board of Directors of China Sunsine Chemical Holdings Ltd. (the “Company”) wishes to inform that the Company will release its financial results for the second quarter and half year ended 30 June 2014 on
Thursday, 7 August 2014.

To provide an update on the Company’s performance, the Company will hold a results briefing on Friday, 8 August 2014 at 3:00 pm at Level 11, The Finexis Building, 108 Robinson Road, Singapore 068900.

Our Financial Controller, Mr Tong Yiping, will chair the briefing. Shareholders, investors, analysts and media friends are welcome to join us in this briefing.

To register for the briefing, please send an email with name, contact and the name of company to jennie@ChinaSunsine.com by 1 August 2014.

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BNN
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9 years 8 months ago #20502 by BNN

Replied by BNN on topic China Sunsine Chemicals

Joes, I hear the company issues open invitations regularly on SGX website. Sadly, few people turned up in the past. This time, might be different if the results suggest that the business is getting ahead strongly. :lol:

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axe
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9 years 8 months ago #20514 by axe

Replied by axe on topic China Sunsine Chemicals

POSITIVE PROFIT ALERT

The Board of Directors (the “Board”) of China Sunsine Chemical Holdings Ltd. (the “Company”, and together with its subsidiaries collectively, the “Group”) wishes to inform shareholders and potential
investors of the Company that based on the preliminary assessment of the information currently available to the Board, including the unaudited financial statements for the half year ended 30 June 2014 (“1HY2014”), the Group is expected to report a substantial increase in consolidated net profit, compared to the corresponding period from 1 January 2013 to 30 June 2013.

The expected profit growth is mainly due to the increase in both average selling price and sales volume of the Group’s products. As disclosed in our results announcement for the financial period ended 31 March 2014 released on 28 April 2014, the China government has been placing more emphasis on environmental protection, and some players in the rubber chemical 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 and accordingly, the Group was able to sell more products and increase its selling prices.

The above information is based on the preliminary assessment made by the Board. The Company is in the process of finalising its unaudited consolidated results for the reporting period, and the results announcement for 1HY2014 will be released on 7 August 2014.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

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Bestworld
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9 years 8 months ago #20516 by Bestworld

Replied by Bestworld on topic China Sunsine Chemicals

The best is yet to come....

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Joes
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9 years 8 months ago #20521 by Joes

Replied by Joes on topic China Sunsine Chemicals

Amfraser analyst also projecting > 100% increase in earnings for 2Q. We will soon know if he is zhun or not.

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