- China Sunsine Chemical (SGX:QES)’s 9M25 revenue of RMB2,435m (-7% y-o-y) and earnings of RMB330m (+17% y-o-y) are in line with our expectations, forming 70% and 76% of our full-year forecasts respectively.
- - Read this at SGinvestors.io -
New dividend policy signals confidence.
- Management introduced a formal dividend policy committing to a minimum 40% payout of core net profit for 2025-26, paid semi-annually. This exceeds the group’s historical high dividend payout ratio of 36% in 2024, signalling management’s strengthened confidence in earnings visibility. This is supported by its strong net cash position of RMB2,234m (approximately S$410m or S$0.43/share) as at 30 Jun 25.
Firm demand backdrop.
- - Read this at SGinvestors.io -
- As Sunsine supplies over 75% of the world’s top 75 tyre makers, this provides a solid foundation for firm demand across accelerators, insoluble sulphur and anti-oxidants.
Capacity expansion on track.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Heidi Mo UOB Kay Hian Research | John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-11-21
Previous report by UOB:
2025-05-28 China Sunsine Chemical - Holding Steady Amid Pricing Pressure.
Price targets by other brokers at China Sunsine Target Prices.
Listing of research reports at China Sunsine Analyst Reports.
Relevant links:
China Sunsine Share Price History,
China Sunsine Announcements,
China Sunsine Dividend Payout Dates & Corporate Actions,
China Sunsine News
