Back

Latest Forum Topics / China Sunsine

Post Reply

China Sunsine Chemical Post Reply Rate topic
Mike12345 Member	28-Nov-2018 15:36        Mike12345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	China Sunsine is up quite a-bit on good volume. Anyone know what' s happening - any news?
Useful To Me  Not Useful To Me
Mr_Anonymous Member	18-Nov-2018 18:47        Mr_Anonymous About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber chemicals is very niche. Not only new car's tyres need rubber chemicals. old car's new tyres need, bicycle's tyres need. Heck even shoes also need. This could be the reason of the stabilisation of ASP
Useful To Me  Not Useful To Me
NewBirdLeaning Senior	16-Nov-2018 13:36        NewBirdLeaning About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.bloomberg.com/news/articles/2018-11-16/china-fund-managers-don-t-hold-much-hope-for-xi-trump-g20-meet?srnd=premium China fund managers dont hold much hope for Xi Trump meeting
Useful To Me  Not Useful To Me
bicycle Member	16-Nov-2018 13:36        bicycle About Contact  Quote this Post!
x 0   x 0  Alert Admin	I did picked up some last month, should have frozen the durian instead of eating it yesterday! haha. Probably can fetch 140-150/kg given the supply and demand now.
Useful To Me  Not Useful To Me
ash902 Veteran	16-Nov-2018 12:20        ash902 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope pple picked up some durians at that time. Price now still considered to be durian - given the valuation of the company.  DYODD! ash902      ( Date: 27-Oct-2018 07:19) Posted: The Board of Directors (the &ldquo Board&rdquo ) of China Sunsine Chemical Holdings Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries collectively, the &ldquo Group&rdquo ) 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 3rd quarter ended 30 September 2018 (&ldquo 3Q2018&rdquo ), the Group is expected to report a material increase in consolidated net profit, compared to the corresponding period from 1 July 2017 to 30 September 2017(&ldquo 3Q2017&rdquo ). The expected profit growth is mainly due to the increase in both average selling price (&ldquo ASP&rdquo ) and sales volume of the Group&rsquo s products. As disclosed in several of our prior results announcements, 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, which allowed us to charge a higher quarterly selling price to our big customers, resulting in higher revenue and gross profits generated in 3Q2018 compared to 3Q2017. 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 3Q2018 will be released on 5 November 2018. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company. FY2018 results gearing up to be the best ever reported by Sunsine with this positive profit alert. Expect a bumper profit year + increment in dividends as per company' s dividend policy. Last few months have seen price taking a hit, but thanks to all the shortists / sellers, able to pick up cheap cheap shares, other long term holders can also do the same. We should thank these people who create fear in the forums / market to let us buy cheaply.
Useful To Me  Not Useful To Me
Mr_Anonymous Member	16-Nov-2018 11:57        Mr_Anonymous About Contact  Quote this Post!
x 0   x 0  Alert Admin	technically, chart pattern and px is strong too. market is realising china sunsine potential sunview      ( Date: 16-Nov-2018 09:37) Posted: Wow, what a " W" bottom ! Will it go all the way to $1.40. My bet is a consolidation first.
Useful To Me  Not Useful To Me
Mr_Anonymous Member	16-Nov-2018 11:55        Mr_Anonymous About Contact  Quote this Post!
x 0   x 0  Alert Admin	a classic case of market realised they have sold down a good stock recklessly. the business itself is semi defensive. even crisis, car still need tyres and with india increasing in automotive demand , more tyres are required l
Useful To Me  Not Useful To Me
sunview Veteran	16-Nov-2018 09:37        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, what a " W" bottom ! Will it go all the way to $1.40. My bet is a consolidation first.
Useful To Me  Not Useful To Me
bicycle Member	15-Nov-2018 22:38        bicycle About Contact  Quote this Post!
x 1   x 0  Alert Admin	I agree! The only issue right now is will GM hold up > 32% in Q4? Mkt sold down from $1.50 after CIMB report in Aug questioning ASP. It then got oversold in Oct because of world equities sold off. Now, the mkt seems to re-price in the stable ASP after recent result. But Q4 is about half done now. Unless the new capacity come online by next month, it' s tricky to say where the recovery will stall. In fact, I' m puzzled why mkt seems to be generous towards Best World than CS, which is a better company in my opinion.
Useful To Me  Not Useful To Me
Mr_Anonymous Member	15-Nov-2018 21:29        Mr_Anonymous About Contact  Quote this Post!
x 0   x 0  Alert Admin	china sunine is obviously undervalued la 1. pb 1.3 consider avg in industrial or cheap in manufacturing 2. pe 4.5 with avg 30% yoy growth track record. crazy! 3. net cash no debts 4. growth outlook is good with new plant and it is quite niche, semi defensive with lesser surprises plus a few potential catalyst to boost earnings 1. china govt recent commitment to support their economy through tax cut etc. 2. rmb drop against usd - Forex gain 3. automotive up cycle 4. material cost esp plunging oil prices - rubber from petroleum byproducts if not s-chip easily 2 or even 3 bucks china sunsine been v reliable since 2007, increasing divvy and even recent share buybacks shown the sell down was overreacting on asp. even their insider management like cfo also bought shares, still need to say what..
Useful To Me  Not Useful To Me
mcampl Member	15-Nov-2018 14:48        mcampl About Contact  Quote this Post! Style: Flexible   Mood: Yells: "no discipline = gambling; discipline = investing"
x 0   x 0  Alert Admin	Yes, I observed this too.. but I believe it' s more of a support level consolidation NewBirdLeaning      ( Date: 13-Nov-2018 22:29) Posted: It will go up and pull back then go up again. Stock dont continue going up. If you notice, huge volume today but there is no much movement on the price. It closed flat. If got profit better take, wait for pull back then u buy again and do this a few round, you dont need to wait till next year 1Q to get the profit. Anw, the TP in analyst report is like never accurate.
Useful To Me  Not Useful To Me
NewBirdLeaning Senior	13-Nov-2018 22:29        NewBirdLeaning About Contact  Quote this Post!
x 0   x 0  Alert Admin	It will go up and pull back then go up again. Stock dont continue going up. If you notice, huge volume today but there is no much movement on the price. It closed flat. If got profit better take, wait for pull back then u buy again and do this a few round, you dont need to wait till next year 1Q to get the profit. Anw, the TP in analyst report is like never accurate.
Useful To Me  Not Useful To Me
mcampl Member	13-Nov-2018 16:48        mcampl About Contact  Quote this Post! Style: Flexible   Mood: Yells: "no discipline = gambling; discipline = investing"
x 0   x 0  Alert Admin	Best bet I' ve made in 2018 - got some at 0.935 and more at 1.00. Really strong fundamentals despite the global slowdown. Historical P/E is unbelivably low (~5), and margins remain strong. PS: Vested. TP: 1.60 - 1.63 by 19Q1 (apr 19)
Useful To Me  Not Useful To Me
UltraBoy Member	13-Nov-2018 11:36        UltraBoy About Contact  Quote this Post!
x 0   x 0  Alert Admin	I expect S$1.60 before year end.
Useful To Me  Not Useful To Me
sunview Veteran	13-Nov-2018 11:18        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	I would say China Sunsine is really a gem among the S-chips. It has been profitable and has given out good dividend every year since its IPO in 2007.  It pays out about 20% of its profit as dividend, which translates to  a yield of about 3% to 4%. So far, it has not issued any rights or placement shares. It is in net cash. Its balance sheet indicates Net cash & equivalent of a RMB 822m as at the end of Sept 2018. This works out to be net cash per share of RMB1.674 (S$0.333). The stock is only trading at about 5 times historical PE. CIMB has an ADD rating and a target price of S$1.41 while Phillip has a BUY recommendation with a target price of S$1.68.   Sgvale      ( Date: 13-Nov-2018 10:19) Posted: Recovering fast !! Good profitable Company.
Useful To Me  Not Useful To Me
Sgvale Supreme	13-Nov-2018 10:19        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recovering fast !! Good profitable Company.
Useful To Me  Not Useful To Me
sunview Veteran	08-Nov-2018 14:56        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Improving outlook on stabilising ASPs Upgrade to ADD with target price of S$1.41 (From CGS-CIMB) 3Q18 results slightly above expectations despite declining ASPs 3Q18 core net profit was Rmb143m (+85%yoy, -25%qoq) on the back of RMb776m in revenue. 9M18 net profit formed 86% of our full-year forecast, slightly above expectations as we anticipate declining ASPs and eroding gross margins into 4Q18F. The quarter also saw a FX gains of Rmb19.3m as Sunsine benefitted from the stronger US$ against the Rmb. Signs of ASPs stabilising in October offer some respite Sunsine saw lower qoq gross margins (32.7% in 3Q18 vs. 36.7% in 2Q18) largely due to lower overall ASPs for its rubber chemical products (-11% qoq). On a positive note, ASP for rubber chemicals have shown signs of stabilisation in Oct and management expressed optimism that gross margin could sustain above 30% for 4Q18F. ASPs could receive further boost from auto demand holding up While the decline in ASPs may have resulted from weaker demand from China tyre makers amid declining auto sales, the Chinese government is seeking to rev up the automobile market by halving taxes on car purchases. This could potentially boost demand from tyre makers that could indirectly support ASPs of rubber chemicals. Closer to getting approval for 13% expansion in capacity Management cited during the results briefing today that it is close to getting approval for the planned capacity expansion after obtaining necessary certifications pertaining to fire safety controls for the new 20,000-ton production lines. The new lines will expand Sunsine&rsquo s annual capacity to 172,000 tons and would provide an additional boost to sales volume for FY19F as Sunsine is already running at c.98% capacity utilisation. Upgrade from Hold to Add with unchanged TP of S$1.41 We think the negatives have been priced in following the c.30% decline in share price over the last 3 months. We thus upgrade our call to Add as we see declines in ASPs could possibly slow down ahead. Our TP remains unchanged at S$1.41, pegged to 7.7x FY19F P/E. The stock is currently trading at 5.7x FY19F P/E, c.30% discount to its rubber chemical peers. Re-rating catalysts could come from ASPs rebounding. Key risks include a sharper fall in ASPs and production halts amid stringent environmental inspections from the authorities.
Useful To Me  Not Useful To Me
handyman Member	07-Nov-2018 15:45        handyman About Contact  Quote this Post!
x 0   x 0  Alert Admin	3rd Q results announced on monday  5th nov after market closed. ronleech      ( Date: 07-Nov-2018 13:45) Posted: hmm... result still not announced... whats up.... looks like morning some ppl got news liao...bought up at opening
Useful To Me  Not Useful To Me
ronleech Elite	07-Nov-2018 13:45        ronleech About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Believe in yourself. Ride with the waves......"
x 0   x 0  Alert Admin	hmm... result still not announced... whats up.... looks like morning some ppl got news liao...bought up at opening
Useful To Me  Not Useful To Me
Aizai8 Member	07-Nov-2018 11:00        Aizai8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Global tire consumption is rising. Sunsine' s products are used by more than two thirds of tge Top 75 tire companies in the world. Sunsine has the money, land and infrastructures in place to expand its production capacities quickly.
Useful To Me  Not Useful To Me

                                                         First   < Newer   361-380 of 1210   Older>   Last