SINGAPORE (Feb 12): China Sunsine Chemical Holdings, the world’s largest producer of rubber accelerators, has issued a positive profit alert saying it expects to report a substantial increase in net profit for 4Q17 and the full year period.

See: China Sunsine — Price up 20.8% since we bought two weeks ago and we bought more

In a Monday filing to the SGX, the group says its expected profit growth is mainly due to the increase in both average selling price (ASP) and sales volume of its products – especially with the Chinese government now placing more emphasis on environmental protection while conducting more environmental protection inspections more frequently.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook