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.

SINGAPORE (Apr 6): Companies are expected to see immense pressure of their cash flows, as business grinds to a halt amid the Covid-19 pandemic. Small- and medium-sized enterprises (SMEs), in particular, are expected to face a liquidity crunch as business dwindles on efforts to contain the outbreak....

SPECIALITY rubber chemicals producer China Sunsine Chemical Holdings on Tuesday clarified that despite the increase in overall sales volume last year, its cost of sales had decreased mainly due to lower raw material cost.

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