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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:
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Nav rmb 187.7c = 0.38 sgd. very undervalued! Where to find... Buy n keep!
SINGAPORE &ndash 7 August 2014 -China Sunsine Chemical Holdings Ltd (&ldquo China
Sunsine&rdquo or the &ldquo Group&rdquo ), a specialty rubber chemicals producer and global leader
in the production and supply of rubber accelerators, is pleased to announce that the
Group achieved a substantial net profit growth of 194% to RMB60.2 million for the
second quarter ended 30 June 2014 (&ldquo 2Q2014&rdquo ). This strong performance boosted the
Group&rsquo s net profit for 6 months ended 30 June 2014 (&ldquo 1H2014&rdquo ) to RMB 83.0 million
as compared to RMB 32.1 million in 1H2013.
big volume today, as posted, please keep a look out on this gem. Results out today. Expected to be good, how good? We will see
finally moved!!!! this time huat liao!!!!!!!!!!!!!!!!!hahahahaha
please keep an eye out for this gem.
POSITIVE PROFIT ALERT
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 half year ended 30 June 2014 (&ldquo 1HY2014&rdquo ),
the Group is expected to report a substantial increase in consolidated net profit, compared to the
corresponding period from 1 January 2013 to 30 June 2013.
The expected profit growth is mainly due to the increase in both average selling price and sales volume of
the Group&rsquo s products. As disclosed in our results announcement for the financial period ended 31 March
2014 released on 28 April 2014, the China government has been placing more emphasis on environmental
protection, and some players in the rubber chemical 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 and accordingly, the Group was able to sell more products and increase its selling prices.
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 1HY2014 will be released on 7 August 2014.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the
securities of the Company.
hope it goes up more in the coming days :)
Gap up to 32 cents. Congrats to those vested, which I think only a handful. Personally think still got room for upsize but pl do your due diligence.
Positive profit alert given by the company. Hugh increase of more than 100% profit for H1 over same period last year is the consensus so far. EPS 7.1 cents SGD yes but how about next year? Is it sustainable? Thats the determinant factor to buy or not.
Vivivie ( Date: 16-Jul-2014 10:02) Posted:
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Deeply undervalued at prospective PE of 3X.