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China Sunsine Chemical
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UltraBoy
Member |
30-Oct-2018 12:28
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It will shoot up to 1.6........   |
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mcampl
Member |
30-Oct-2018 11:52
Yells: "no discipline = gambling; discipline = investing" |
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Picked up some at 0.935 before the profit guidance. Expected TP after earnings announcement = 1.20-1.30 (qoq basis: revenue growth = +0-3%, operating income = +12-15%). ddyod. | ||
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Berani
Elite |
30-Oct-2018 09:26
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already got positive profit alert... how can it be possible
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lovetoshare
Elite |
30-Oct-2018 09:13
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This is what happened to a red horse. Die faster 80cents coming? |
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ash902
Veteran |
27-Oct-2018 07:19
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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.   |
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lovetoshare
Elite |
25-Oct-2018 09:29
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80cents can buy a bit Then 40cents buy a bit Then 20cents buy a bit. | ||
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Sgvale
Supreme |
24-Oct-2018 10:32
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Not looking good | ||
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lovetoshare
Elite |
24-Oct-2018 10:30
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IF you are no " Somebody Significance" , there is no way you can affect a listed Company... So STOCK MARKET is basically , a gamble place. |
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lovetoshare
Elite |
24-Oct-2018 10:24
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There is no such thing as " create fear" . He is just a small investor, his word wont create fear. The only time when stock falls either you 1) NO holding power 2) Market wants it to fall ( get profit and let go ) All of us just small investors, we wont have the ability to make listed company share drops........ It is common sense, everyone wants to buy cheap price , so it will fall as NOBODY wants to buy expensive.... THIS TIME ROUND, it will fall further.........  
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sunview
Veteran |
22-Oct-2018 10:42
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                      22/10/18 edition of the EDGE Singapore: Tong' s Porfolio Followers of this column would notice that I added China Sunsine Chemical Holdings to the portfolio recently. I have bought the stock before and sold it at a good price and profit back in May. For those who are not familiar with the name, China Sunsine is listed in Singapore but its operations are based in China. The company is the world' s largest producer of rubber accelerators with an estimated 18% global market share and a 31% market share in China. It supplies to more than 1,000 customers, including to two-thirds of the world' s top 75 tyre makers, including Bridgestone, Michelin and Goodyear. The company caters mostly to the domestic Chinese tyre demand --- for new cars and the replacement markets. The company benefited greatly from last year' s Chinese government crackdown on sub-par rubber-producing factories, which suppressed supply and resulted in sharply higher selling prices. China Sunsine upholds strict environmental protection standards, with high compliance on wastewater treatment and sulphur recycling standards. As a result, profits jumped sharply higher in 1HFY2018 --- net profit tripled from RMB131.7 million --- on the back of a 37% y-o-y increase in selling prices and 12% growth in volume sales. Inevitably, selling prices must normalise as some of the factories that were shut down resume production. And we are beginning to see this in 3Q18. Selling prices have fallen 20%, on average from their highs. As such, earnings in 2H1018 will be lower than that in the first half of the year. So will earnings in 2019, assuming normalised prices for the full-year. I believe this is partly the reason its share price has adjusted downwards --- from a high of $1.63 in June. The stock now appears attractively valued again. China Sunsine' s underlying business and fundamentals remain intact. An additional capacity of 20,000 tonnes (or 13% increase) has been completed and awaiting the green light from the government. This should partially offset lower selling prices. Positively, the cost for aniline, a main raw material, has come off about 20% from the peak. Meanwhile, demand for tyres should be fairly resilient in the replacement market (which typically accounts for more than two-thirds of total demand) even if new-car sales decline and more consumers subscribe to mobility as a service. We estimate China Sunsine' s profit at RMB560 million this year and RMB400 million in 2019. This means the stock is trading at a 2019 forward price-to-earnings ratio of six times. Return on equity was 22% in 2017 and 37% for the trailing 12 months. In addition, the company has a minimum 20% dividend payout policy, which translates into estimated yield of 3% to 4% at current prices.   |
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ronleech
Elite |
19-Oct-2018 09:48
Yells: "Believe in yourself. Ride with the waves......" |
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the morning push...looks like maybe the result is out and some is accumulating | ||
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NewBirdLeaning
Senior |
09-Oct-2018 11:15
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haha i also wanna buy cheap | ||
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Berani
Elite |
09-Oct-2018 11:10
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cuz he want to buy cheap ma
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NewBirdLeaning
Senior |
09-Oct-2018 10:59
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Create fear in the forum lar.. | ||
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CraigFoo
Elite |
09-Oct-2018 10:43
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What?s the worst you are talking about?
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NewBirdLeaning
Senior |
09-Oct-2018 09:32
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China Sunsine issued two positive profit alerts for 1Q and 2Q. I strongly believe that 3Q will be good as well. Management did issue statement in Aug that management is positve about the company performace in next 12 months. So ya buy on dip. Perhaps they will issue positve profit alert for 3Q next 1 to 2 weeks. Quote 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 ) noted the wide fluctuation in the Company&rsquo s share price over the last one week, and wishes to provide the following information: 1. The Company is not aware of any information not previously announced concerning the fluctuation in our share price. 2. The Company has noted various reports issued by some stock broking firms that might have an impact on the share price. 3. The Company confirms our compliance with the listing rules and, in particular, Mainboard Rule 703. 4. The Board wishes to assure all stakeholders that our Group is operating normally, and we remain positive of our performance in the next 12 months. 5. The Board also remains committed to implement our dividend policy as announced on 12 June 2017 for the financial year ending 31 December 2018. BY ORDER OF THE BOARD Xu Chengqiu Executive Chairman 15 August 2018 Unquote http://www.chinasunsine.com/announcements   |
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ronleech
Elite |
09-Oct-2018 09:07
Yells: "Believe in yourself. Ride with the waves......" |
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this counter buy on dip | ||
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Newlearner
Veteran |
08-Oct-2018 23:13
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Haha! Only can find such valuation in SGX
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Sgvale
Supreme |
08-Oct-2018 21:33
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Worst coming tomorrow. | ||
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mcampl
Member |
21-Sep-2018 14:49
Yells: "no discipline = gambling; discipline = investing" |
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80cents means P/E will be ~3.3. Highly unlikely for a firm like sunsine. PS: I am vested in sunsine 25,000 shares @ 1.01 |
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