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is this the one you talking about?
http://www.sharejunction.com/sharejunction/insightArticle.htm?id=0
HVRRVH ( Date: 15-Sep-2014 22:27) Posted:
OK share. A team of analysts is currently visiting sunshine. I will be looking out for their reports to see if they are in sync with my own assessment. I don' t want to talk up this stock too much lest it come across as promoting it. After all investing should be a personal choice.
ash902 ( Date: 15-Sep-2014 21:45) Posted:
haha must share the " secret' what
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Momentum should last at least till 3q results and maybe even full year results. Watching closely given the s chip factor though I think corporate governance is sound for this one. Hope it doesn't attract too many speculators.
ash902 ( Date: 17-Sep-2014 14:50) Posted:
looks like something good. Price increasing with increasing volume.
HVRRVH ( Date: 15-Sep-2014 22:27) Posted:
OK share. A team of analysts is currently visiting sunshine. I will be looking out for their reports to see if they are in sync with my own assessment. I don' t want to talk up this stock too much lest it come across as promoting it. After all investing should be a personal choice.
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looks like something good. Price increasing with increasing volume.
HVRRVH ( Date: 15-Sep-2014 22:27) Posted:
OK share. A team of analysts is currently visiting sunshine. I will be looking out for their reports to see if they are in sync with my own assessment. I don' t want to talk up this stock too much lest it come across as promoting it. After all investing should be a personal choice.
ash902 ( Date: 15-Sep-2014 21:45) Posted:
haha must share the " secret' what
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OK share. A team of analysts is currently visiting sunshine. I will be looking out for their reports to see if they are in sync with my own assessment. I don' t want to talk up this stock too much lest it come across as promoting it. After all investing should be a personal choice.
ash902 ( Date: 15-Sep-2014 21:45) Posted:
haha must share the " secret' what
HVRRVH ( Date: 15-Sep-2014 14:51) Posted:
| Yes. Think we have highlighted it liao so just let potential buyers do their own due diligence. I realised if buy after due diligence less likely to throw at first sign of price weakness. If buy to speculate, a bit of price correction only people will throw, no good for long term holders. Let it continue to trade under radar and inch up slowly👍 |
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The actual 2q profit was RMB 60 millions. The projected 3q and 4q profits are RMB 75 millions for each quarter. If the projection is realised, the EPS will be well above SGD 7.1 cents for FY14.
Vivivie ( Date: 16-Jul-2014 10:02) Posted:
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haha must share the " secret' what
HVRRVH ( Date: 15-Sep-2014 14:51) Posted:
Yes. Think we have highlighted it liao so just let potential buyers do their own due diligence. I realised if buy after due diligence less likely to throw at first sign of price weakness. If buy to speculate, a bit of price correction only people will throw, no good for long term holders. Let it continue to trade under radar and inch up slowly👍
ash902 ( Date: 15-Sep-2014 14:37) Posted:
inching up slowly, grab while its still trading below NAV!
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Yes. Think we have highlighted it liao so just let potential buyers do their own due diligence. I realised if buy after due diligence less likely to throw at first sign of price weakness. If buy to speculate, a bit of price correction only people will throw, no good for long term holders. Let it continue to trade under radar and inch up slowly👍
ash902 ( Date: 15-Sep-2014 14:37) Posted:
inching up slowly, grab while its still trading below NAV!
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inching up slowly, grab while its still trading below NAV!
Vested for the long run. If you have been watching this stock, volume slowly picking up. Looks like will be a good 3rd quarter as well.
HVRRVH ( Date: 04-Sep-2014 20:21) Posted:
you are vested bro? nice volume lately, people buying but not overly hot. just under the radar for collection. q3 results in one month plus time and hopefully price continue to move up slowly and steadily.
ash902 ( Date: 04-Sep-2014 08:11) Posted:
volume picking up, some hidden buying last 1-2 weeks..
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you are vested bro? nice volume lately, people buying but not overly hot. just under the radar for collection. q3 results in one month plus time and hopefully price continue to move up slowly and steadily.
ash902 ( Date: 04-Sep-2014 08:11) Posted:
volume picking up, some hidden buying last 1-2 weeks..
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volume picking up, some hidden buying last 1-2 weeks..
Vested! With 3q results in a month plus there could be more upside before that.
HVRRVH ( Date: 21-Aug-2014 22:38) Posted:
Price didn' t move much after gap up from 29 cents. Volume also not high. Got some bullet now after sold some shares in other counter but still waiting to see should I vest in this.
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Price didn' t move much after gap up from 29 cents. Volume also not high. Got some bullet now after sold some shares in other counter but still waiting to see should I vest in this.
This stock still unpolished, waiting for more power results at end year??? Maybe a special dividend??? Good for long term hold.
Isnt meghmani organics an Indian company?
think2profit ( Date: 08-Aug-2014 09:13) Posted:
Hopefully s-chips like China Sunshine can wake up the other better s-chips.
There is another company in chemical industry that benefits from china cramping down on pollution, Meghmani Organic which has a NTA of 38c too.
ash902 ( Date: 08-Aug-2014 07:56) Posted:
| Nav rmb 187.7c = 0.38 sgd. very undervalued! Where to find... Buy n keep! |
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Analyst: Renfred Tay (left)
2Q14 results ahead of our initial estimates. 2Q14 earnings of RMB 60.2m (+194% yoy and +164% qoq), was way ahead of the RMB 46.8m‐ 52.6m (+129%‐ 159% yoy) range we were expecting in our last note dated, 30 Jul 2014. The key driver powering this growth was, as announced in its profit guidance, due to an increase in 2Q ASP and volume.
Accelerator capacity already at 75k tons p.a. According to management, the additional capacity of 4.5k tons p.a. has already kicked in. This faster than expected 6.4% increase in capacity happened on the backdrop of an 8.4% yoy increase in PRC vehicle sales in 1H14.
With tight supply and strong demand, the additional sales volume could mean even bigger profits for 2H14.
Expect an even stronger 3Q. During Sunsine&rsquo s results briefing, we found out that orders and prices are usually fixed one quarter in advance. With the further spike in spot rubber accelerator prices in
2Q14, we can expect more ASP appreciation in 3Q14. Given Sunsine&rsquo s high operating leverage, such a spike in ASP should lead to another jump in earnings both qoq and yoy. Based on our estimates, we are now projecting 3Q14 net profit to be in the region of RMB 77m (+185% yoy). On a full year basis, FY14 net profit could reach RMB 224m (+192% yoy).
China Sunsine has spent RMB300 m over the years on treatment facilties to cut the pollutant level in the water it discharges from its factories. But many of its competitors have failed to do so and have recently been suspended from operations by the authorities.
Photo: Company.Clamp down on pollution could be permanent. One key fundamental concern for investing in Sunsine was whether the Chinese government&rsquo s clamp down on pollution is permanent. On further digging, after our last note, we found out that an amendment to the Environmental Protection law was made in late April. The new law will only come into effect from 1 Jan 2015.
However, this did not stop the prices of rubber accelerators from spiking shortly after the announcement. Taking cue from the extent of the execution and enforcement of other reforms started since President Xi Jinping came into power, we believe investors can take comfort that there is a good chance that the Chinese clamp down on pollution is here to stay. This also means that industry capacity could continue to remain tight, and support elevated rubber accelerator prices in the foreseeable future.
It looks even cheaper now. With a higher FY14 net profit estimate of RMB 224m (+192% yoy), Sunsine is now only trading at 3.4x FY14 P/E (even lower than the 4.3x we mentioned in our last note) a stark discount to Shandong Yanggu Huatai (YGHT) (300121 CH) at 34.7x, who is a third the size of Sunsine.
If Sunsine were to trade at the same valuation as YGHT, its stock price should be trading at S$3.25. While we do not expect Sunsine to be trading at similar valuations to its peer, an 80% &ldquo S‐ Chip discount&rdquo would still imply a stock price of S$0.65 (103% upside), or a reasonable FY14 P/E of 7x.
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i don' t care whether forced to suspend their operations failed to make pollution standard, or china sunsine got some under table dealing with China officials (open secret for alot of China companies), fact is its working and making profits for the company !
stockmax ( Date: 08-Aug-2014 09:48) Posted:
&ldquo I am pleased with the record performance in 1H2014. Due to
environmental protection measures, some players that failed to meet the relevant
environmental protection regulations were forced to suspend their operations. This
has led to the overall increase in the price of accelerators since the beginning of
this year. The Group is able to further increase its market share and profitability
under this favorable market condition, thanks to our continuous implementation of
high environmental protection standards over the years. We expect to see big rubber
chemical players with good fundamentals gaining market share as the industry
consolidates. Although the shortage in accelerators&rsquo supply may ease gradually, the
Chinese auto market will continue to grow steadily, and as such, we remain
confident of the Group&rsquo s outlook.&rdquo
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&ldquo I am pleased with the record performance in 1H2014. Due to
environmental protection measures, some players that failed to meet the relevant
environmental protection regulations were forced to suspend their operations. This
has led to the overall increase in the price of accelerators since the beginning of
this year. The Group is able to further increase its market share and profitability
under this favorable market condition, thanks to our continuous implementation of
high environmental protection standards over the years. We expect to see big rubber
chemical players with good fundamentals gaining market share as the industry
consolidates. Although the shortage in accelerators&rsquo supply may ease gradually, the
Chinese auto market will continue to grow steadily, and as such, we remain
confident of the Group&rsquo s outlook.&rdquo
Based on its latest 6 months&rsquo results, the Group&rsquo s earnings per share was RMB17.82
cents. Its total cash amounted to RMB133.3 million with net assets per share of
RMB187.77 cents as at 30 June 2014.
This one v v undervalued. Can read the financial report and prospects of this company. Buy some and keep. Also give good dividends.
