Gxgx all investors here, 222%! Profit up.
Vested small small.
Lol, tiagong New production line(Shanxian & Dingtao) not approved yet and they say wants to stay conservative so special div chance is Low
Good times may be over; downgrade to Hold with lower TP S$1.41
Despite supernormal 2Q18 earnings, we lower our TP to S$1.41, now based on CY19F
P/E of 7.7x (previously 9.8x), a 35% discount to its rubber chemical peers in the absence
of earnings growth going into FY19F to tighten the valuation gap amid normalising ASPs.
We downgrade our call to Hold, following a 43% rally in its share price since Jan. We
revise our FY18-20F core EPS by -0.5% to 5.3% to reflect stronger-than-expected 2Q18
results and delay in its capacity expansion. Key upside risks include recovery in ASPs in
China. Downside risks include lower sales volume output.
S$1.310 (-0.180, 12%)
quote to buy at S$1.18 on 8/8/18.
Thanks.
https://www.smallcapasia.com/7-things-i-learned-from-the-china-sunsine-agm/
It's already mentioned that ASP will look to dip, so market being forward looking perhaps is pricing in that.
But really, 222% up in profit and market react by dropping 10% is
The numbers of stock price dip, on profit and revenue increase, is growing in SG.
Are we really entering depression era?
Good results!
Oh wait, that’s full year. Anyway, slowdown expected.
RIP for 6 months thread revived.