| Latest Forum Topics / SunVic Chemical |
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This is a BUY!!!
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Mark86
Member |
03-Dec-2014 19:09
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Don' t think there is any significant effect. I only know that acrylic acid is made from a raw material - propylene, a form of petrochemical. But I don' t see what impact it got to with acrylic acid price. Maybe market still can' t digest the fact that Sunvic' s founder has passed away and the CEO position is handed over to his son, who may be still young and inexperienced?? Coupled with the facts below:
All above mentioned are most-likely short-term. Long term wise this company should still be good because:
All these are just my views on why I include this bugger in my investment portfolio. Short-term wise, based on technicals and sentiments, market may decide it still drops further. The way is dropping everyday, will it drop to 0.27??
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pcxiao2008
Master |
03-Dec-2014 12:49
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whats happening to this counter? also affeccted by oil price??? really don' t understand...all time low |
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Mark86
Member |
01-Dec-2014 21:05
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Adding a few more lots @ 0.47. China acrylic acid price should have bottomed out. This is a volatile and extremely high risk stock. Better not touch if can' t stand wild price fluctuations. Long term wise fundementals still intact and it is also a subsidary of DBS Vickers Securities. If 0.47 cannot hold, next support is @ 0.39. Wish myself and all shareholders good luck!!
(WTH drop approximately 10 cents in 2 weeks)
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pcxiao2008
Master |
01-Dec-2014 14:07
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what happened to this counter lately??? dropped all the wa from 61.5 |
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Mark86
Member |
15-Nov-2014 16:54
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Is that before or after the RMB 1.45 billion payout? Anyway there is still remaining 2.45 billion to be paid out in stages after that, subjected to fulfilment of conditions set out in the Joint-Venture agreement. Actually as a long term investor, I am more concerned with whether if the ex-CEO' s son is able to lead the company to greater heights. Even though a team of competent veterans is there to aid the current CEO, we do not know whether will there a form of power struggle or corruption in the future. Management wise, all these will affect the health and growth of a company. I still believe this company is a good long-term investment despite the heavy volatility in it' s share price and risks. Technically, Thursday' s sudden rally may be an act of pump and dump. I am not sure but I think I will just hold. Afterall I only invested a small amount in this company and will not lose too much sleep over the short -term fluctuations.
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edwinjup
Supreme |
15-Nov-2014 12:31
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Yes..angmo purchase make sunvic look attractive......
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edwinjup
Supreme |
15-Nov-2014 08:28
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Their loan is really high...rmb 2365472000.....even get a big chunk of cash from Angmo ...still not debt free... |
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stockmax
Senior |
14-Nov-2014 23:35
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another quarter of losess, idle plants, dwindling revenue etc............. ..........super high debts lvl (DANGER)..........SELL...........SELL.........SELL |
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edwinjup
Supreme |
14-Nov-2014 20:55
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Thanks mark....keep the winning and let go the loser.....still got a lots of good counters out there....I kapo only 
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Mark86
Member |
14-Nov-2014 20:27
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Hey Bro Edwin, thanks for pointing out the risks. I have to admit this counter is risky but I buy because of it' s knowhow in producing AA and AE, and which it is also a major producer. AA and AE have a wide variety of uses globally and are used in the production of many other chemical derivatives. No doubt the company' s balance sheet looks weak, but I believe it is  the intangible value and potential of Sunvic which Arkema sees which is perhaps why this French giant is willing to pay such a hefty sum to acquire. Vested small small of 7 lots at 0.57 last week. If it sinks below 0.56 then i think i will just hold long term le. If is another scandalous S-chip then I can only accept the consequence of making a wrong investment. I hope I am not wrong. lol
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edwinjup
Supreme |
14-Nov-2014 18:52
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Loss.making....fishy.....loan quite a lots.....dont hope too much......s cheap...
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Mark86
Member |
07-Nov-2014 22:23
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Not a call to buy but I feel it will make a good mid to long term investment.  Don' t think it belongs to the category of those scandalous and fraudulent S-chip companies. Definitely not advisable to contra. 0.56 seems to be a good support and if can breakout from 0.59 decisively, the ascending trendline should continue. Currently is below trendline and is 50-50 in both ways..
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Mark86
Member |
07-Nov-2014 22:14
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looks like ai lai leow..
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bishan22
Supreme |
30-Oct-2014 16:15
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Bad fall today. Broke the support level of 58. 
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edwinjup
Supreme |
30-Oct-2014 16:00
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Walau...kanna hammer today...hope 56c can support.....s chip..sian
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edwinjup
Supreme |
29-Oct-2014 20:20
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Think everyone know the news liao.....mgt never say how much they intend to rewards shareholders...
Think only say used to reduce loan and for operating funds...
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francisd
Master |
29-Oct-2014 15:41
Yells: "BUY LOW SELL HIGH" |
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Time for it to move....
Cheers.   |
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tyrtok
Member |
28-Oct-2014 09:22
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doesnt look nice today
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Msport
Elite |
24-Oct-2014 10:24
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short even better... when time to cover... all toh!
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tyrtok
Member |
24-Oct-2014 10:20
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in terms of value yes. but for some reason many people are shorting this counter. looks to me that they are trying to force this counter down haha
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