| Latest Forum Topics / Sinostar Pec Last:0.103 -- |
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This is a stock in SGX that can multiply 500%
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Joelton
Supreme |
28-Aug-2023 09:54
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Sinostar PEC Holdings
Between Aug 18 and Aug 24, Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping acquired 1.4 million shares at an average price of S$0.138 per share. With a consideration of S$193,681, this increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 57.91 per cent to 58.13 per cent.
Li noted in late April that as a producer of basic chemical raw materials, Sinostar PEC benefits from strong and growing demand in China, as well as stable raw material supply, advanced production technology, and an extensive marketing network.
He added that Sinostar PEC has made significant progress in optimising its entire value chain and in developing new products to meet customer and market demands.
For its second-quarter FY2023 (ended Jun 30) Sinostar PEC Holdings reported a turnaround net profit of 10.5 million yuan (S$2 million) from a net loss of 6.7 million yuan in Q2 FY2022.
Li started his career as an accountant at Dongming County Medicine Company in 1983, before joining the Dongming County Audit Bureau as its deputy bureau officer in 1986 where he managed internal discipline issues.
In 1993, he joined Dongming County Petroleum Refining Factory as the finance manager and subsequently became the chief accountant of Dongming County Petroleum Refining Factory and was overall in charge of the financial management of the factory.
In 1998, he was appointed director and chief auditor of Shandong Dongming Petrochem Group and handled the daily operations of the business as well as the accounting functions of the company. In 2001, Li was appointed chairman of Dongming Petrochem group and has since been responsible for the overall development and operations of the business.
Li is also a People&rsquo s Representative in the annual National People&rsquo s Congress of Shandong Province.
Sinostar PEC Holdings is one of the largest producers and suppliers of downstream petrochemical products within the 400 km radius of its production facilities within the Dongming Petrochem Industrial Zone in Dongming County of Shandong Province.
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Joelton
Supreme |
26-Aug-2023 11:42
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Sinostar Pec triggers SGX RegCo query after shares surge by 20%
The Singapore Exchange Regulation (SGX RegCo) has issued a query to Sinostar Pec Holdings C9Q 4.65% after it noted &ldquo unusual price movements&rdquo in its shares on Aug 25.
Shares in the company rose steadily throughout the day and reached an intra-day high of 18 cents &ndash or 20% higher than its last-closed price of 15 cents &ndash at around 3.34pm.
In its filing, SGX RegCo asked the company to confirm its compliance with the listing rules and requested the company to release any information that may have brought about the share price surge.
Sinostar had reported earnings of RMB4.3 million ($806,202) for the 2QFY2023 ended June on Aug 14. This was up from a RMB10.3 million loss in the corresponding quarter the year before. For the 1HFY2023, the company&rsquo s earnings fell by 69.0% y-o-y to RMB8.7 million.
Following its results, Sinostar&rsquo s non-executive chairman, Li Xiang Ping, has been buying shares via the open market, through his 100%-owned company Intelligent People Holdings.
From Aug 15 to 24, Li purchased a total of 2.15 million shares for a total of $279,088.50 or about 12.98 cents apiece.
As at Aug 25, Li&rsquo s total stake is at 58.13%.
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leemenghoe
Senior |
20-Sep-2022 15:45
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maybe someone wants to privatise it at cheap cheap price so purposely suppress the price to make the potential offer attractive n legit | ||||
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leemenghoe
Senior |
20-Sep-2022 15:40
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every Yr profit up but no dividend and price dropped from 49 cents to 16 cents in a year. tjos share is a joke. worse than medtec | ||||
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phongy45
Senior |
12-Mar-2022 11:40
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last done 0.225 ..
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Charity88
Senior |
11-Mar-2022 19:08
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http://www.sinostar-pec.com/html/about.php ABOUT SINOSTAR PEC HOLDINGS LIMITED We are one of the largest producers and suppliers of downstream petrochemical products within the 400km radius of our production facilities within the Dongming Petrochem Industrial Zone in Dongming County of Shandong Province, PRC. Located within the Zhongyuan Oilfield - one of the PRC&rsquo s largest oil fields, rich in energy resources and connected by a comprehensive logistics network, our strategic placement permits us to hand out to the nearby populous and industrialised provinces such as Shandong, Henan, Anhui, Shanxi, Shaanxi, Sichuan, Hebei, Hubei and Zhejiang. PRIORITISING QUALITYWe have attained 3 major international standards in the areas of quality, environment and health management: ISO9001:2001, ISO14001:2004 and OHSAS18001:1999 - a testimony to the importance we place on quality and safety control.HENGCHANG: OUR FLAGSHIP BRANDSupported by a solid reputation and a credible track record for our commitment towards offering quality merchandise and services, our Hengchang brand of polypropylene was named &ldquo Shandong Province Famous Trade Mark&rdquo and &ldquo Shandong Top Brand&rdquo in China.STRATEGIC AFFILIATION WITH DONGMING PETROCHEMOur strategic affiliation with Shandong Dongming Petrochem Holdings Group (&ldquo Dongming Petrochem&rdquo ) began in 2006 when we acquired Dongming Hengchang, where Dongming Petrochem was one of the founding shareholders.Dongming Hengchang was originally set up in 2000 as a joint venture between Dongming Petrochem and its key management staff, in line with the PRC&rsquo s broad policy of reforming its state-owned enterprise, in particular, for the non-strategic downstream petrochemical activities. It was based on the premise of exclusive supply contracts with some of the companies within Dongming Petrochem Group to secure a stable provision of its major material - raw LPG. Since incorporation, Dongming Hengchang was able to introduce into an exclusive agreement with Dongming Petrochem and one of its associated societies to be supplied of all their raw LPG to Dongming Hengchang exclusively for a period of 20 years from 2006. This ensures consistent supply of raw LPG from various channels for Dongming Hengchang. On 31 May 2016, Dongming Hengchang entered into the 2016 Exclusive Supply Agreement with Dongming Zhongyou Fuel and Petrochemical Company Limited (a full subsidiary of Dongming Petrochem), for a term of 20 years from 2016. The 2016 Exclusive Supply Agreement supersedes the 2006 Exclusive Supply Agreement entered on 26 April 2006. We have gained largely from Dongming Hengchang&rsquo s history and affiliation with Dongming Petrochem. Dongming Petrochem, established in 1997, has since grown to become China&rsquo s largest independent oil refiner with primary processing capacity of 15 million tonnes per year. For Sinostar, through the strategic relationship with Dongming Petrochem, we are assured to receive a secure and stable supply of raw LPG which creates a solid foundation for us to continue ramping up on our existing market leadership position. The affiliation also ensures that the raw LPG we supply is of consistent quality and provide us with a competitive edge over our competitors. |
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Charity88
Senior |
08-Mar-2022 10:02
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What is the estimated fair value of Sinostar? https://simplywall.st/stocks/sg/energy/sgx-c9q/sinostar-pec-holdings-shares |
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Charity88
Senior |
04-Mar-2022 19:14
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https://links.sgx.com/FileOpen/Sinostar_PR_FY2021Clean_Final.ashx?App=Announcement& FileID=705676 Published on 1 March 2022 Sinostar PEC Reports Positive Results in FY2021 Revenue increased by 48.2% year-on-year to RMB 4,716.2 million due to increased sales across all business segments, except for Propylene segment which was used to further produced into premier grade polypropylene. This is mainly driven by an increase in ASP, production volume, contribution from premier grade polypropylene and an increase in revenue from the logistics and transport related services. Consequently, gross profit increased 67.4% year-on-year to RMB 478.7 million. FY2021 net profit and net profit attributable to equity holders grew 66.5% and 49.7% y-o-y, respectively, to RMB 307.3 million and RMB 237.4 million. Mr Li Xiangping, Executive Chairman and Chief Executive Officer of Sinostar PEC, commented, " Our Group achieved a set of commendable results, especially with various economic challenges. We&rsquo ve pared down our debt, which we had incurred to expand our production capacity ending the financial period with a healthy balance sheet. The demand for the products is still relatively positive and we are confident of the long-term growth of our products. We will continue to be prudent in our operations and seize good opportunities." The Group' s operating cash flow increased more than 70% y-o-y to RMB 607.7 million. Alongside a decrease in investing cash flow, following the completion of the new polypropylene plant last year, Sinostar ended 31 December 2021 with a healthy net debt/equity ratio of 26.5%. The Group also declares a Final Dividend of 0.6 Singapore cents per ordinary share. |
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ahberngh
Elite |
04-Mar-2022 19:13
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An s chit, definitely a no no for me. Already kena more than once in the past e.g. Eratat, Swing Media, .... Won' t touch one with a 10 foot pole no matter how good. No offence to anyone, just my personal opinion. 
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Charity88
Senior |
19-Feb-2022 19:55
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Look out for its Q4 2021 result announcement : ) | ||||
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Charity88
Senior |
19-Feb-2022 19:53
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https://links.sgx.com/FileOpen/Quarterly%20Report%203Q21%20TBR.ashx?App=Announcement& FileID=690738 Gross profit increase from RMB 84.3 million in 3Q20 to approximately RMB 118.4 million in 3Q21, and from RMB 164.0 million to RMB 418.2 million for 9M21, mainly due increase in production volume and average selling price, couple with increase in revenue generated from logistics and transport related services. The Group made a profit of RMB 58.9 million in 3Q21 attributed to the equity holders of the company, as compared to profit of RMB 46.8 million in 3Q20. For 9M21, a total profit of RMB 215.7 million attributed to the equity holders of the company as compared to RMB 80.4 million in 9M20. Earnings per share attributable to equity holders of the Company (RMB cents per share) 9 months ended 30 September 2021 2020 33.70 12.56 |
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pcxiao2008
Master |
15-Nov-2021 12:54
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seems like the results dun fancy any investors...good results but no happening. | ||||
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trader1970
Elite |
02-Nov-2021 09:24
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BB has been eating much for the past days.. Time to move?.. WATCH :) | ||||
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pcxiao2008
Master |
27-Oct-2021 10:27
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indeed TESTing my patience counter... fly up half then quiet for days |
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7ocean
Master |
26-Oct-2021 12:28
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Be patience.. she can' t fly to fast.. otherwise SGX will quiry against...up 3 bits to 4 bits...are good enough..
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trader1970
Elite |
26-Oct-2021 11:38
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Resting so that it can move higher.. As long as it close at 35 and above got chance to reach 40.. Gas prices rocket up.. Supply crunch,, :) It is a matter of time this darling will fly...:):):)
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pcxiao2008
Master |
26-Oct-2021 11:17
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quiet again....
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trader1970
Elite |
26-Oct-2021 10:17
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Yeah, BB has very strong hands , shortists better be nimble.. 36 break, if dont cover, jialat lah...:(
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pcxiao2008
Master |
26-Oct-2021 10:14
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hold hands....the setup earlier is a potential breakout again
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7ocean
Master |
26-Oct-2021 10:00
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Target $0.43
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