| Latest Forum Topics / China Sunsine |
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China Sunsine Chemical
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jack_ng
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01-Aug-2022 10:35
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Unfortunately has to agree with you if they do not increase their divided, Hopefully management get the message  |
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brchkho1
Master |
30-Jul-2022 10:03
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Yes, trending down since Apr last year.
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HVRRVH
Elite |
29-Jul-2022 18:33
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This has happened before, unfortunately, it will make no big difference to the share price. At most 1-2 cents movement and before long, it will be back to square one.
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brchkho1
Master |
29-Jul-2022 18:20
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Group is expected to report a material increase in its consolidated net profit, compared to the corresponding period in 2021. https://links.sgx.com/FileOpen/20220729%20CSCH%20-%20Annt%20Profit%20Guidance%201H2022.ashx?App=Announcement& FileID=725461  
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HVRRVH
Elite |
21-Jul-2022 12:52
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Saw the article by ' Rolling Stone' on Nextinsight today! Spot on, tepid shares buyback. I am glad that I have sold all. I have been patience with the company but Ithink it has the small company mindset. For once, I cannot understand why it cannot up its dividend to a more meaningful level, i.e., at least 2 cents annually. Many investors have scrutinise the balance sheet of the company and concluded that it is well within its means to do so. NAV of 73 cents but share price is half of it. Cash per share of 26 cents but cannot pay more dividend when immeidate capital expenditures are all accounted for. No doubt I have benefited from my holding before liquidating but I do hope the company can do better.  | ||||
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HVRRVH
Elite |
05-Jun-2022 12:43
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Thanks China Sunsine, the marvellous S-chip!. I have been holding it since 2015 but finally cut my last holding in SRS account to only 25% of original size. Even though generally, people are shun of S-chip, I have gotten more than 100% return from China Sunsine with capital gain and dividends combined [especially with my cash account which i have divested 100%]. Unfortunately, I think it has hit it peak [in 2018, about $1.65 / or 82.5 cents post 1:1 split]. Since then, it has never reach beyond 58 cents despite regular yearly profits and dividend.  Speaking of which, I think what weight down the share price is it dividend policy. Aside from the occasional special dividend, the regular dividend is the predictable 1 cent, which translate to low yield of about 2.2%. I cannot understand why the company cannot be a bit more generous with the dividend payout, even after taking into consideration the capital investment to increase the output. It has TTM eps constantly hitting 10 cents and 1 cent payout is 10%! Why it can' t pay more especially it has considerable net cash.  With its regular expansion plans, China Sunsine has been maintaining its marker leader position. Accordingly, it was able to maintain high eps of SGD 10 cents but it seems the management is ultra conservative and not willing to increase its dividend payout. Granted it is good virtue to manage the company with prudency and from its regular updates, we knew it want to aim for long term returns and therefore, want to be prudent with the cash. However, to lock up my capital for miserably 2.2% return in the form of dividend while waiting for it continuous expansion plans to bear fruit before higher dividend [if at all], I have to think hard. Even though the yield based on my cost price is much higher, I think I can deploy my capital elsewhere especially with the currently depressed market, there are many good candidates.  Perhaps one day China Sunsine will pay regularly at least 2 cents dividend, it has ' hinted' that it has the ability to do so by the occasionally special dividend. But to be honest, I think they can do it now but they are holding back and I am not willing to wait anymore. I appreciate that this is a well run S-chip and I have benefitted greatly in capital gain and dividends but as an investor, I have to move on and have hopped on to another 2 S-chips [haha] recently. Hopefully they can like China Sunsine and provide me with another 100% returns at least in time to come.  Thank you China Sunsine once again. Only keeping 25% of you in SRS till I am able to cash it out at age 62 [long time]. Wont be complaning if by then you provide me another 100% return but I really doubit it but it' s ok!  |
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Catrade
Master |
28-Apr-2022 23:49
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Great business update from ChinaSunsine: A very good stock for investors to hold. https://links.sgx.com/1.0.0/corporate-announcements/7RELMYIKI41VVKVO/714873_20220428%20Business%20Updates%20-%201Q2022-final.pdf |
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ash902
Veteran |
28-Apr-2022 20:49
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Buy more, good opportunity.  Increasing NAV, Increasing Dividend yield.
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brchkho1
Master |
28-Apr-2022 18:46
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It' s commonly seen in many other AGMs in the past lah. Holding 100 shares, to have free buffet lunch or collect $20 shopping vouchers is better yield.  
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HVRRVH
Elite |
28-Apr-2022 17:57
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2 cents dividend coming soon yet someone sold 200k shares at the closing? This is indeed an unloved stock. The only way to hold this stock is to buy when share price weaken, so as to collect dividend. People don?t like this stock maybe also they don?t think highly of the business and or management. It?s not helping that one of the directors sold all his shares and explained that the wife sold the shares by mistake. Funny though till date, the director didn?t buy back the shares that were sold by mistake. | ||||
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brchkho1
Master |
28-Apr-2022 17:41
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This Gem is getting cheaper today.
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nott1965
Veteran |
24-Feb-2022 10:51
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This gem always very suay. Good results always announced when stock market crashed | ||||
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HVRRVH
Elite |
23-Feb-2022 21:42
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I am glad that the comany indeed declared special dividend. This would allow investors to stay invested while the company continue to growth and hopefully, its ridiculoursly low PE can increase from the current 4.6 times (eps sgd 11 cents for FY2021) to at least 8 times. Yes, a share price of 88 cents is about doing justice to the company, which had turning in profit years after years without asking money from its investors since IPO. But I am not hopeful, even though it had no debt and huge cash in hands plus market leader position in its industry, this is an s chip and it has proven since its listing that the investment community does not warm to it. Tomorrow share price will likely goes up in tandem with the dividends but it will drop back soon. In the long term, its PE can only go up above 5 times if they keep chalking up current level of profits and increase the dividends payout to 50%.  | ||||
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UltraBoy
Member |
23-Feb-2022 20:19
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Excellent results! superb profit. Tomorrow should hit 70. | ||||
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jack_ng
Member |
14-Feb-2022 12:00
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Although its a S-chips, giving out dividend yearly as its making profit and it had also won some award for its handling of company matters, with the purchasing of land for future use, strengthening its production with additional production capacity rolling out end last year, new capacity in the horizon and providing a one stop service with the purchase of recycling plant, It seems this S-chip is here to stay if the dividend is further increase, will add more for the long term, already holding in my SRS and Cash account Cheers !!!!!!! |
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HVRRVH
Elite |
13-Feb-2022 11:11
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Just to add. Pre covid when face to face AGM is allowed, the company was also generous in catering food and beverage. Years after years,   I have seen bunch of uncles auties enjoying themselves, talking loudly, proudly saying they only own 100 shares and can eat later [much to my and other investors annoyance actually as they kind of disturbing the AGM processes and diagloue]. At that time, I was kind of disappointed that this is they type of ' investors' the company was attracting.  | ||||
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HVRRVH
Elite |
13-Feb-2022 11:03
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I used to own this stock across my 3 accounts in SRS, CPF and Cash since 2015. Now I still have some in SRS. This is a good s chip, unlike those you know con people one. However, I think the company is a bit too cautious whenever it comes to ' forward' guiding in their results releases. No positive vibe, always hightlight ' challenges' such as economy, and now covid but still always end with stressing that the company is confident of being profitable in the next 12 months.  In term of dividend, the best is to hope for special dividends, as they had proven in the past that if the results were exceptionally good, they will pay special dividends. If not, it will be 1 cent as norm. Too be fair though, they have in fact ' increase' their dividend since payment year 2020 onward, as the stock was split 1:2   in 2019. So the dividend has increased from 1 cent to 2 cent post split, so to speak.  In my view, this is a good growth company. I think the s chip label is dragging down it attractiveness. It has listed since 2007 and did not make any cash call and has been paying dividend without fail yearly [And has increase the dividend as I illustrated above]. It is the world largest specialise rubber accelerator producer, a key ingrdient in tyre making, and it is still increasing its production capacity even as of now and also grabbing market share in another key products, i.e., Insoluble Sulphur and Anti Oxidant.  The company has no debt, has large cash in hand [and has been putting it to good use in expanding production capacity], low PE, high ROE and I would think it can hit $1 easily if it isn' t an s chip.  |
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jack_ng
Member |
13-Feb-2022 01:23
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A positive profit guidance, wodering what the dividens will be ? | ||||
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jack_ng
Member |
16-Nov-2021 22:32
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My bad, with such strong result and the share prices don' t seems to budge and on top of the result by the end of the year there will be 2 X 30K ton of capacity coming on line and 2 phase of 50k ton capacity next year.  OMG I guess i just have to hold on and wait for dividen and till the day where the stockmarket act' s like a weighing scale  Ahhhhhhhhhhhhhhh 
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nott1965
Veteran |
16-Nov-2021 14:31
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already updated last week. very string results. not sure why no bb wants to move this gem
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