Finally, the share price has taken a significant leap upward. I hope this is sign that rerating is taking place. Still, ttm pe is about 6.3x and definitely there is still room for higherr pe. A short term pe target of 8x to 10x is not unrealistic. Being a FA guy, I have confidence that the company is on the right track. I am also exposed quite a fair bit to TA recently as I am also dabble in fx now. Applying TA to sunsine, I found strong support at 53-54.5 cents range and I couldn' t help it and had made more purchase at that level. I didn' t have a chance to buy anything after it broke out from 58 cents to 64 cents. However, I bought a little bit more at 62 cents support level yesterday. Now my holding is a nice round figure and I am motivated to keep it that way as my sunsine holding is really getting big now. 

Going forward, the company is embarking on expansion. The company' s production capacity still has room for bigger production and on top of that, the new factory with 10,000 tons capacity should start producing TBBS soon. Immediately after this, the 20,000 tons additional production line should be ready by end of the year. Clearly, sunsine did not rest on its laurel despite being the market leader. The company has clear strategy of gaining and expanding market shares regardless of good and bad time. It has flexible marketing strategies and the key is that it has a capable management team. Two major competitors, huagu yantai and kemei, had plans to raise further capital but in contrary, sunsine did not make a single cash call since listing. It is with this fact that I am ok to be patient with sunsine for not raising the dividend payout in FY16. After all, it has just raised it by 50% in FY2014 and I am align with the company that it should be prudent. I am confidence that the dividend will be raised in time to come. This is because the company has completely repaid the bank loan and with the retained profit building up, it has room for a higher dividend or use it for capex to further expand the size and hence, the earning of the company. Either way, it should translate to higher eps and accordingly, higher pe in due course.

Extremely busy with 8-5 (sometimes 8-8 or even later!) job and other committments. I am also eyeing few other companies and would like to devote more time in the research. And yes, some of the companies are s-chips too! On this note, I can only say s-chips or not, FA is key. Just look at CAO and Sunpower. On the other hand, just look at ABL trio and their related gang companies. What a shame, 8b wiped out in no time at all and the ripple effect can still be felt (damaged retail invest sentiment).  

With the above, I would not post anymore in this thread for the foreseeable future. I have posted on the first day of the year that I would like to see sunsine trade in between 55-60 cents range in a few months. It has realised within 3 months and I am happy that I believe my own anslysis and stay vested all this while. Wishing all sunsine holders the best! Just be patient and we should reap the reward in due course.