China Sunsine   

China Sunsine Chemical

Hopefully CS have a Q3 Voluntary Business update these few days 

 

what does " MD" stand for?

 

In case anyone haved noticed, today' s closing matching this counter instantly jumpped 4pps all the way to 54c from 52c... with 1.4million shares transacted at 54c (764,000+ shares are MD)... 
What is the rush to buy up all from 52c to 54c in one-shot? 
Looks interesting... like some insider knows something good might be coming :)

Vested & good luck to fellow investors!

 

CIMB join in with a higher TP of 77cts 
Cheers !!!!!!!!

jack_ng      ( Date: 30-Sep-2021 11:05) Posted: The stock maybe unlove but UOB-KH and KGI had some glowing reports on her Dont miss the boat

 

The stock maybe unlove but UOB-KH and KGI had some glowing reports on her

Dont miss the boat 

 

The company had been profitable since listing and the profit had been use to build more plant during the downturn (Red Flag ??) and sticking to the goverment enviroment requiremnet and even surpassing them with the recent purchase of the waste treatment plant, Company seems to be targetting a 1 stop service to be the no.1 in their industry if they are not already there

However at the end of the days if the product prices do not raise in tandem with the expansion all the effort may be futile as what happen in the past few years.

Fortunately product prices had raise and with the recent increase of 222% profit my view is that sooner or later share prices will raise in tandem too,
have patience cos in the long term the market is a weighing scale 

 

Thanks for your input. 

I supposed I really need to be careful in this forum and tip toe carefully as in the way I use words I thought I was already careful enough with my punctuatioin marks. I do think I know what is a red flag but not cocky enough to say I know definitely. But still it definitely doesnt justify a personal attack? Or dos it?

Prefer not to engage on this anymore and let this thread be more useful in educating forummers.

jack_ng      ( Date: 24-Aug-2021 10:57) Posted: Wondering if you understand the meaning of Red Flag or if you had phrase yr question if there is anything to worry about Lugi71      ( Date: 24-Aug-2021 10:26) Posted: Since you are vested, can understand where you are coming for. Just asked a simple question and instead of countering it with some insights, you prefer to personally attack me. Dude.. it' s a question ... Just calm down..

 

Wondering if you understand the meaning of Red Flag or if you had phrase yr question if there is anything to worry about

Lugi71      ( Date: 24-Aug-2021 10:26) Posted: Since you are vested, can understand where you are coming for. Just asked a simple question and instead of countering it with some insights, you prefer to personally attack me. Dude.. it' s a question ... Just calm down..   nott1965      ( Date: 24-Aug-2021 08:43) Posted: Invested in this gem since IPO when others not interested as mangagement do not sensationalise news, but through hard work and shrewd investments. They have consistently only pay FY dividends except once when it was their anniversary. What red flag are you talking about? If you are red eye, suggest you read up on the history before commentin

 

Since you are vested, can understand where you are coming for. Just asked a simple question and instead of countering it with some insights, you prefer to personally attack me. Dude.. it' s a question ...

Just calm down..



 

nott1965      ( Date: 24-Aug-2021 08:43) Posted: Invested in this gem since IPO when others not interested as mangagement do not sensationalise news, but through hard work and shrewd investments. They have consistently only pay FY dividends except once when it was their anniversary. What red flag are you talking about? If you are red eye, suggest you read up on the history before commenting Lugi71      ( Date: 23-Aug-2021 22:54) Posted: Based on latest SGX release, company poured  RMB 325 million and upped its stake into a landfill project, rather than dish out more divy to its shareholders.  A possible red flag?

 

 

Invested in this gem since IPO when others not interested as mangagement do not sensationalise news, but through hard work and shrewd investments. They have consistently only pay FY dividends except once when it was their anniversary.

What red flag are you talking about? If you are red eye, suggest you read up on the history before commenting

Lugi71      ( Date: 23-Aug-2021 22:54) Posted: Based on latest SGX release, company poured  RMB 325 million and upped its stake into a landfill project, rather than dish out more divy to its shareholders.  A possible red flag?

 

China Sunsine reports strong 1H21 results as past investments to raise production levels bear fruit

UOB Kay Hian analyst Clement Ho has kept  his " buy" call with a target price of 69.5 cents for China Sunsine Chemical after the company reported a " strong" set of 1HFY2021 ended June results.

In an August 23 research note, Ho highlights that China Sunsine' s 1HFY2021 of RMB265.2 million ($55.4 million), up 221.8% y-o-y, was driven by both increased sales volume and higher average selling prices (ASPs) of rubber accelerators.

" The better-than-expected ASP was due to: 1) the increase in price of aniline- the major feedstock for rubber accelerators 2) higher production utilisation rates of Chinese tyre manufacturing companies and 3) a shift in market dynamics to favour large rubber chemical players such as China Sunsine," Ho says.

The higher ASPs also lifted the company' s operating leverage - gross margins for 1HFY2021 expanded 8.2 percentage points to 31.4%, while net margins expanded 7.2 percentage points to 15.1%.

Ho notes that the good results follow management' s move to expand capacity over the past few years, despite rubber accelerator prices declining. " The move is now paying off, with market share for China Sunsine more entrenched, alongside the strong recovery in the China economy as negative impacts from the COVID-19 pandemic subsides," he explains.

" Furthermore, higher crude oil prices have resulted in the similar rise of ASP for its derivatives, including rubber accelerators," Ho adds.

Ho believes China Sunsine remains a good proxy to the recovering China auto sector, given that it derives more than 60% of its sales from the country. He highlights that China auto sales have been on an upward trend as the economy strengthened following the pandemic, also helped by subsidies from the government to stimulate the industry.

While he has tweaked his forecasts to include lower revenue estimates to account for the delay in commercial production for Phase 1 of China Sunsine' s anti-oxidant project, this is offset by higher gross margin assumptions following the 1H21 results. 

He has re-based his valuation year to FY2022, and values China Sunsine at 8.4 times PE, or one standard deviation above its historical three-year average. " At the current price, China Sunsine is attractively valued at 6.1 times FY2022 P/E relative to its closest peer Shandong Yanggu Huatai, which trades at 8.5times forward P/E," he says.

As at 4.39pm, shares in China Sunsine are trading 0.5 cents or 0.98% lower at 50.5 cents.

 

Based on latest SGX release, company poured  RMB 325 million and upped its stake into a landfill project, rather than dish out more divy to its shareholders. 

A possible red flag?

 

https://www.nextinsight.net/story-archive-mainmenu-60/944-2021/14344-china-sunsine-1h21-profit-spiked-221-8-target-price-69-5-c

 

We the tech stock getting back to normalcy, looking forward to the stock market being a weighing scale,
with the excellent result it just take time and I' m adding as my finance permits me without the punters mentality to quick profit
Cheers!!!!!!!!!!

 

With the latest 1/2 yera AR of 222% increase in PAT, lets see what tomorrow holds

 

With all the rages on the semicon stock have a feeling this maybe a silent assasin stock once the result is released

 

Unfortunately would not quite agree with you cos' if CS had the same tranjectory as Jiutian in the past year I would be laughing all the way to the bank 

weishent      ( Date: 02-Aug-2021 09:38) Posted: Jiutian lagging too

 

Jiutian lagging too

 

Dont know if its the Sino effect, its a laggard compare with the rest and if you are looking for a quick buck, suggest you look else where
but if you look deeper the company had been making profit yearly since listing and its debt free with loaded cash, with new plant coming on line without any need of borrowing,
recently there is some share buyback which the company had been doing more often years back 
Commodity prices had been on the rise and let see the 1st half result
Hoping to see the stock market is a weighing scale