KGI Research analyst Chen Guangzhi has maintained “outperform” on China Sunsine with a higher target price of 68 cents from 53 cents previously, as the company could see a turnaround in profitability in the FY2021, thanks to the upcycle in commodity prices and capacity ramp-up. That said, Chen s...

CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have maintained “add” on China Sunsine Chemical Holdings with a higher target price of 66 cents from 61 cents previously, following China Sunsine’s “positive 1Q business update” on April 29. “Our target price rises to 66 cents, s...

China Sunsine Chemical Holdings says it has seen an “overall improvement” y-o-y in the 1QFY2021 as it recorded sales revenue of RMB840 million ($171.7 million), 66% higher y-o-y. Gross profit margin (GPM) reached 31.6%. Net profit surged 274% y-o-y to RMB125 million. Sales volume during the quar...

The CEO of China Sunsine, Liu Jing Fu will be retiring on April 30. Liu, who was in the role since Nov 22, 2013, will be replaced by the group’s executive chairman Xu Cheng Qiu. Liu De Ming, the current general manager of China Sunsine’s main subsidiary, Shandong Sunsine Chemical, will be appoin...

As dimethylformamide (DMF) prices continue on a strong uptrend year-to-date (y-t-d), CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan estimate that Jiutian Chemical Group will post a “record quarter” in 1QFY2021. More specifically, Ong and Tan forecast that Jiutian’s core net profit ...

CGS-CIMB Research has maintained its ‘add’ rating for China Sunsine Chemical Holdings with a higher target price of 61 cents from 55 cents previously due to an upward trend in average selling prices (ASPs). This comes following China Sunsine’s “solid set of results” for the 2HFY2020. ...

China Sunsine Chemical Holdings has reported 11% high earnings for the 2HFY2020 ended December of RMB136.4 million ($27.9 million), compared to earnings of RMB123.0 million in 2HFY2019. For the full-year, earnings fell 44% to RMB218.8 million from RMB388.9 million in FY2019 due to lower revenue aris...

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...