CGS-CIMB Research has initiated coverage on Jiutian Chemical Group with an “add” call and a target price of 14.5 cents, as the brokerage sees the company riding on the dimethylformamide (DMF) cyclical upswing. The target price, according to analysts Lim Siew Khee, Ong Khang Chuen and Kenneth Tan...

UOB Kay Hian analyst John Cheong and the Singapore research team have highlighted BRC Asia, Food Empire, Frencken and InnoTek as its top buy picks among the small-mid cap sector. He has given all three “buy” calls with target prices of $1.88, 88 cents and 82 cents respectively. The brokerage has...

China Sunsine Chemical Holdings has reported an “overall improvement” in its performance for the 3QFY2020 ended Sept 30 on the back of China’s strong economic recovery from July to September. Sales revenue for the quarter came in at around RMB600 million ($122.3 million) while sales volume rea...

UOB Kay Hian analyst Clement Ho has initiated coverage on specialty chemical producer China Sunsine Chemical Holdings with a “sell” recommendation and a target price of 31 cents. The recommendation comes as selling prices of rubber accelerators, the main earnings driver for the company, remain l...

KGI Securities has maintained an “outperform” rating on China Sunsine, but with a lower target price of 47 cents from 60 cents previously due to weak 1H20 profits.  The company’s revenue dropped 26% from RMB1.41 billion ($277 million) in 1H19 to RMB1.04 billion in 1H20, and profit af...

CGS-CIMB Research has recommended investors to continue accumulating shares in China Sunsine Chemical Holdings despite the rubber chemicals producer’s poor half-year performance. The brokerage reckons that China Sunsine could do better ahead as it believes that the near-term challenging outlo...

Specialty rubber chemicals producer China Sunsine Chemical Holdings has reported a 69% drop in earnings for 1H20 ended June to RMB82.4 million ($16.3 million) compared to the RMB265.9 million posted a year ago. This translates to earnings per share (EPS) of 8.46 RMB cents for the half-year period, c...

SPECIALITY rubber chemicals producer China Sunsine Chemical Holdings is looking to acquire the entire stake in Heze Yongshun Environmental Protection Technology for 43 million yuan (S$8.5 million).

THE following companies saw new developments that may affect trading of their shares on Wednesday:

SPECIALITY rubber chemicals producer China Sunsine Chemical Holdings announced in a bourse filing late on Tuesday that the group is expected to record lower revenue and profit for FY2020 than it did for the preceding financial year ended Dec 31, 2019.