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THIS ONE IS WORTH WATCHING....if you don't mind S-Chip.....probably one can see sun shine in this stock in the near future.....disclaimer : not an inducement to buy, sell or hold.
China Sunsine Chemical Holdings Ltd (China Sunsine) is an investment holding company. It is engaged in the production of rubber accelerators in the People’s Republic of China and globally. The Company’s products are sold under the Sunsine brand. It includes a range of rubber chemicals, such as accelerators, anti-oxidant TMQ, vulcanising agent insoluble sulphur, as well as anti-scorching agent CTP. The Company’s production facilities are located in Shanxian, near Heze City in Shandong Province. The wholly owned subsidiary of the Company is Shandong Shanxian Chemical Co., Ltd, which is engaged in the manufacture and sale of rubber chemicals, comprising rubber accelerators, anti-oxidant agents, anti-scorching agents and insoluble sulphur.
FINANCIAL: For the nine months ended 30 September 2010, China Sunsine Chemical Holdings Ltd.'s revenues increased 40% to RMB718.1M. Net income increased 50% to RMB92.5M. Revenues reflect higher income from accelerators, an increase income from insoluble sulphur and higher income from anti- oxidant divisions. Net income also reflects a significant increase in gross margin. China Sunshine Chemical Holdings Ltd is a leading specialty chemical producer.
| Financial Year | Pre Tax P& L | Shareholder Fund | ROE | Total Asset | Total Liability | Dividend | EPS |
| 31/12/2010 | 135.30 | 691.70 | 17.86 | 895.10 | 203.40 | 0.00 | 0.24 |
| 31/12/2009 | 103.10 | 599.37 | - | 766.26 | 166.90 | 0.09 | 0.18 |
| 31/12/2008 | 128.10 | 540.50 | - | 663.10 | 122.60 | 0.05 | 0.22 |
| Market Cap: | 147.51 | P/E Ratio: | 6.44 |
| 52 Week High: | 0.360 | EPS: | 0.05 |
Any news on this counter guys or tech. charts. Please post.
Cheers.
China Sunsine Chemical Holdings Ltd – Update (Lee Kok Joo)
Recommendation: Buy
Previous close: S$0.315
Fair value: S$0.36
· Another record year of car sales in China
· Sales momentum to continue in 4Q10
· Forecasting dividend of 1 cent for FY10E
· Maintain Buy on long term outlook, target price at $0.36
/PS/
Good set of results. but would the weakening US$ should be positive for COs relying on commodities as a main raw material? am also not too sure about impact of weakening car sales in Chinese market?
GOOD.
enghou ( Date: 09-Nov-2010 14:59) Posted:
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They are making record profits for this year. Read all from SGX website
enghou ( Date: 09-Nov-2010 14:59) Posted:
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Just like to make an inquiry, does anyone has any feel or impression about China Sunsine Chemical?
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