CGS-CIMB Research has recommended investors to continue accumulating shares in China Sunsine Chemical Holdings despite the rubber chemicals producer’s poor half-year performance.

The brokerage reckons that China Sunsine could do better ahead as it believes that the near-term challenging outlook for the company has been priced in.

“Potential re-rating catalyst is a recovery of Sunsine’s margin spreads,” CGS-CIMB analyst Ong Khang Chuen writes in a note dated Aug 13.

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