While China Susine did not disclose its gross profit margin (GPM), the analysts estimate that it likely came in at 21%-22%.
CGS International analysts Kenneth Tan and Ong Khang Chuen have kept “buy” on China Sunsine Chemical with a target price of 47 cents following the company’s 3QFY2024 ended September results release.
For its 3QFY2024, China Sunsine posted net profit of RMB93 million, up 43% y-o-y. This is largely in line with expectations, the analysts note. Revenue grew slightly by 1% y-o-y to RMB884 million as stronger average selling prices (ASPs) was slightly offset by weaker volumes.
