*OFFICIAL* CHINA SUNSINE (SGX: CH8)

Perisher

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Gxgx all investors here, 222%! Profit up. :s12:
Vested small small. =:p
 

Perisher

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Lol, tiagong New production line(Shanxian & Dingtao) not approved yet and they say wants to stay conservative so special div chance is Low
 

Kinetic88

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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.

http://research.itradecimb.com/index.php?ch=5014&pg=5021&ac=106899&bb=file
 

Perisher

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terryhoho

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Perisher

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The numbers of stock price dip, on profit and revenue increase, is growing in SG.
Are we really entering depression era?

Dunno but I know sg is tough. My US counters doesn’t react so badly when earnings and revenues are stable or exceed expectations, even with tougher times predicted. Guess it’s good to exit sg market.
 

Perisher

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Good results! :s12:
Oh wait, that’s full year. Anyway, slowdown expected.
 
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