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Don' t think there is any significant effect. I only know that acrylic acid is made from a raw material - propylene
, a form of petrochemical. But I don' t see what impact it got to with acrylic acid price. Maybe market still can' t digest the fact that Sunvic' s founder has passed away and the CEO position is handed over to his son, who may be still young and inexperienced?? Coupled with the facts below:
- Shortage of propylene in China, which leads to rising cost of manufacturing
- Oversupply of acrylic acid and esters, which leads to lower average selling prices
- Success of the MBTE converted plant in generating profits?
All above mentioned are most-likely short-term. Long term wise this company should still be good because:
- Has a large distribution network of key global clients, spanning across many geographical locations
- Contracts are very likely on a long term basis, especially with big clients. Contracts most likely should also be on a cost-plus basis to hedge against the volatile acrylic acid prices. This is benefical for both supplier and client in terms of long-term supply and cost management.
- Uses of acrylic acid and esters are many and varied. A temporary oversupply would most likely not negate the growing demand for these promducts
- Knowledge and know-how in mass-producing AA and AE, manufacturing, processing, maintaining, storing and distributing, etc... If i am not wrong, it is also the largest producer of AA and AE in China.
All these are just my views on why I include this bugger in my investment portfolio. Short-term wise, based on technicals and sentiments, market may decide it still drops further. The way is dropping everyday, will it drop to 0.27??
pcxiao2008 ( Date: 03-Dec-2014 12:49) Posted:
whats happening to this counter? also affeccted by oil price??? really don' t understand...all time low
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whats happening to this counter? also affeccted by oil price??? really don' t understand...all time low
Adding a few more lots @ 0.47. China acrylic acid price should have bottomed out. This is a volatile and extremely high risk stock. Better not touch if can' t stand wild price fluctuations. Long term wise fundementals still intact and it is also a subsidary of DBS Vickers Securities.
If 0.47 cannot hold, next support is @ 0.39. Wish myself and all shareholders good luck!!
(WTH drop approximately 10 cents in 2 weeks)
pcxiao2008 ( Date: 01-Dec-2014 14:07) Posted:
what happened to this counter lately???
dropped all the wa from 61.5
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what happened to this counter lately???
dropped all the wa from 61.5
Is that before or after the RMB 1.45 billion payout? Anyway there is still remaining 2.45 billion to be paid out in stages after that, subjected to fulfilment of conditions set out in the Joint-Venture agreement.
Actually as a long term investor, I am more concerned with whether if the ex-CEO' s son is able to lead the company to greater heights. Even though a team of competent veterans is there to aid the current CEO, we do not know whether will there a form of power struggle or corruption in the future. Management wise, all these will affect the health and growth of a company.
I still believe this company is a good long-term investment despite the heavy volatility in it' s share price and risks. Technically, Thursday' s sudden rally may be an act of pump and dump. I am not sure but I think I will just hold. Afterall I only invested a small amount in this company and will not lose too much sleep over the short -term fluctuations.
edwinjup ( Date: 15-Nov-2014 08:28) Posted:
Their loan is really high...rmb 2365472000.....even get a big chunk of cash from Angmo ...still not debt free...
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Yes..angmo purchase make sunvic look attractive......
Mark86 ( Date: 14-Nov-2014 20:27) Posted:
Hey Bro Edwin, thanks for pointing out the risks.
I have to admit this counter is risky but I buy because of it' s knowhow in producing AA and AE, and which it is also a major producer. AA and AE have a wide variety of uses globally and are used in the production of many other chemical derivatives. No doubt the company' s balance sheet looks weak, but I believe it is the intangible value and potential of Sunvic which Arkema sees which is perhaps why this French giant is willing to pay such a hefty sum to acquire.
Vested small small of 7 lots at 0.57 last week. If it sinks below 0.56 then i think i will just hold long term le. If is another scandalous S-chip then I can only accept the consequence of making a wrong investment. I hope I am not wrong. lol
edwinjup ( Date: 14-Nov-2014 18:52) Posted:
| Loss.making....fishy.....loan quite a lots.....dont hope too much......s cheap.. |
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Their loan is really high...rmb 2365472000.....even get a big chunk of cash from Angmo ...still not debt free...
another quarter of losess, idle plants, dwindling revenue etc............. ..........super high debts lvl (DANGER)..........SELL...........SELL.........SELL
Thanks mark....keep the winning and let go the loser.....still got a lots of good counters out there....I kapo only
Mark86 ( Date: 14-Nov-2014 20:27) Posted:
Hey Bro Edwin, thanks for pointing out the risks.
I have to admit this counter is risky but I buy because of it' s knowhow in producing AA and AE, and which it is also a major producer. AA and AE have a wide variety of uses globally and are used in the production of many other chemical derivatives. No doubt the company' s balance sheet looks weak, but I believe it is the intangible value and potential of Sunvic which Arkema sees which is perhaps why this French giant is willing to pay such a hefty sum to acquire.
Vested small small of 7 lots at 0.57 last week. If it sinks below 0.56 then i think i will just hold long term le. If is another scandalous S-chip then I can only accept the consequence of making a wrong investment. I hope I am not wrong. lol
edwinjup ( Date: 14-Nov-2014 18:52) Posted:
| Loss.making....fishy.....loan quite a lots.....dont hope too much......s cheap.. |
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Hey Bro Edwin, thanks for pointing out the risks.
I have to admit this counter is risky but I buy because of it' s knowhow in producing AA and AE, and which it is also a major producer. AA and AE have a wide variety of uses globally and are used in the production of many other chemical derivatives. No doubt the company' s balance sheet looks weak, but I believe it is the intangible value and potential of Sunvic which Arkema sees which is perhaps why this French giant is willing to pay such a hefty sum to acquire.
Vested small small of 7 lots at 0.57 last week. If it sinks below 0.56 then i think i will just hold long term le. If is another scandalous S-chip then I can only accept the consequence of making a wrong investment. I hope I am not wrong. lol
edwinjup ( Date: 14-Nov-2014 18:52) Posted:
Loss.making....fishy.....loan quite a lots.....dont hope too much......s cheap...
Mark86 ( Date: 07-Nov-2014 22:23) Posted:
Not a call to buy but I feel it will make a good mid to long term investment. Don' t think it belongs to the category of those scandalous and fraudulent S-chip companies. Definitely not advisable to contra. 0.56 seems to be a good support and if can breakout from 0.59 decisively, the ascending trendline should continue. Currently is below trendline and is 50-50 in both ways.. 
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Loss.making....fishy.....loan quite a lots.....dont hope too much......s cheap...
Mark86 ( Date: 07-Nov-2014 22:23) Posted:
Not a call to buy but I feel it will make a good mid to long term investment. Don' t think it belongs to the category of those scandalous and fraudulent S-chip companies. Definitely not advisable to contra. 0.56 seems to be a good support and if can breakout from 0.59 decisively, the ascending trendline should continue. Currently is below trendline and is 50-50 in both ways..
Mark86 ( Date: 07-Nov-2014 22:14) Posted:
looks like ai lai leow..
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Not a call to buy but I feel it will make a good mid to long term investment. Don' t think it belongs to the category of those scandalous and fraudulent S-chip companies. Definitely not advisable to contra. 0.56 seems to be a good support and if can breakout from 0.59 decisively, the ascending trendline should continue. Currently is below trendline and is 50-50 in both ways..
Mark86 ( Date: 07-Nov-2014 22:14) Posted:
looks like ai lai leow..
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looks like ai lai leow..
Bad fall today. Broke the support level of 58.
goldcoin ( Date: 03-Oct-2014 10:04) Posted:
Hi Bishan22, good luck ya... Huat Ah!
bishan22 ( Date: 03-Oct-2014 09:17) Posted:
Good volume today. Collect a bit to test water. Good luck. 
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Walau...kanna hammer today...hope 56c can support.....s chip..sian
edwinjup ( Date: 29-Oct-2014 20:20) Posted:
Think everyone know the news liao.....mgt never say how much they intend to rewards shareholders...
Think only say used to reduce loan and for operating funds...
Msport ( Date: 24-Oct-2014 10:18) Posted:
' After this transfer, the net gain after taxes is approximately RMB762.6 million (or
RMB1.43 per share) and the Net Tangible Asset value is approximately RMB5.72 per
share based on 30 June 2014 unaudited financial statements. '
NTA approx $1.114
Buy n hold for 4wks if money in then hosay leow
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Think everyone know the news liao.....mgt never say how much they intend to rewards shareholders...
Think only say used to reduce loan and for operating funds...
Msport ( Date: 24-Oct-2014 10:18) Posted:
' After this transfer, the net gain after taxes is approximately RMB762.6 million (or
RMB1.43 per share) and the Net Tangible Asset value is approximately RMB5.72 per
share based on 30 June 2014 unaudited financial statements. '
NTA approx $1.114
Buy n hold for 4wks if money in then hosay leow
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Time for it to move....
Cheers.
doesnt look nice today
Msport ( Date: 24-Oct-2014 10:24) Posted:
short even better... when time to cover... all toh!
tyrtok ( Date: 24-Oct-2014 10:20) Posted:
in terms of value yes. but for some reason many people are shorting this counter. looks to me that they are trying to force this counter down haha
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short even better... when time to cover... all toh!
tyrtok ( Date: 24-Oct-2014 10:20) Posted:
in terms of value yes. but for some reason many people are shorting this counter. looks to me that they are trying to force this counter down haha
Msport ( Date: 24-Oct-2014 10:18) Posted:
' After this transfer, the net gain after taxes is approximately RMB762.6 million (or
RMB1.43 per share) and the Net Tangible Asset value is approximately RMB5.72 per
share based on 30 June 2014 unaudited financial statements. '
NTA approx $1.114
Buy n hold for 4wks if money in then hosay leow
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in terms of value yes. but for some reason many people are shorting this counter. looks to me that they are trying to force this counter down haha
Msport ( Date: 24-Oct-2014 10:18) Posted:
' After this transfer, the net gain after taxes is approximately RMB762.6 million (or
RMB1.43 per share) and the Net Tangible Asset value is approximately RMB5.72 per
share based on 30 June 2014 unaudited financial statements. '
NTA approx $1.114
Buy n hold for 4wks if money in then hosay leow
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