CGS-CIMB Research is keeping its “add” call on China Sunsine Chemical Holdings with an increased target price of 77 cents from 68 cents previously.
Analyst Ong Khang Chuen likes the stock as the average selling price (ASP) of its products have increased, which should increase profits in FY2021, while the stock’s valuation is deemed attractive at 2.5 times FY2022 PE (ex-cash).
