China Sunsine

Stocks to watch this week: Thai Beverage, China Sunsine, Far East Hospitality Trust

China Sunsine reported a 1QFY2022 ended March net profit of RMB157 million up 26% y-o-y

Shares in China Sunsine closed 1.5 cents higher or 2.9% up at 53 cents on May 24.

The retirement and appointment are both effective April 30.

For the 2HFY2020, a final dividend of 1 cent per share has been proposed, same as last year.

CGS-CIMB maintains an “add” call on China Sunsine with a target price of 42 cents due to an expected earnings recovery in 2H20

KGI Securities has maintained an “outperform” rating on China Sunsine, but with a lower target price of 47 cents from 60 cents previously due to weak 1H20 profits.

China Sunsine Chemical Holdings is a leading specialty chemical producer of rubber accelerators, insoluble sulphur, antioxidants and other vulcanising agents. It serves over 1,000 customers globally.

SINGAPORE (Mar 5): DBS's windfall dividend was the most "exciting" event over the two months of earnings reporting, says CIMB, given 4Q17 was not an impressive quarter for Singapore stocks.

SINGAPORE (Jan 29): Phillip Capital is initiating coverage on China Sunsine, the largest producer of rubber accelerators in the world, with a “buy” call and target price of $1.60 or 10 times FY18 earnings.