Home Capital Broker's Calls

'Add' China Sunsine on ASP uptrend: CGS-CIMB

Atiqah Mokhtar
Atiqah Mokhtar3/5/2021 3:19 PM GMT+08  • 2 min read
'Add' China Sunsine on ASP uptrend: CGS-CIMB
The brokerage raised its TP from 55 to 61 cents due to further upside in ASP in the coming months.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

CGS-CIMB Research has maintained its ‘add’ rating for China Sunsine Chemical Holdings with a higher target price of 61 cents from 55 cents previously due to an upward trend in average selling prices (ASPs).

This comes following China Sunsine’s “solid set of results” for the 2HFY2020. The company’s earnings of RMB 136 million ($234 million) for the period were in line with analyst Ong Khang Chuen’s expectations and up 11% y-o-y on the back of higher revenue from better ASPs.

SEE:Continue to 'add' China Sunsine as negatives priced in: CGS-CIMB

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.