China Sunsine Chemical Holdings

China Sunsine poised to ride market consolidation, says KGI

SINGAPORE (Oct 16): China Sunsine Chemical Holdings, the largest rubber chemical producer in China, is set to benefit from long-term market consolidation, according to KGI Securities Research.

KGI is re-initiating coverage on China Sunsine with an “outperform” rating and a target price of $1.40, representing an upside of close to 18%.

Analyst Chen Guangzhi notes that China currently accounts for 76% of global rubber chemical production. Meanwhile, only 47 producers supplied 90% of the output to China’s market in 2018.

US picks new fight with EU, global recession feared

SINGAPORE (Oct 7): The bleak economic outlook could be realised sooner rather than later as negative factors emerge.

This week, data from Automatic Data Processing showed that US businesses had added a modest 135,000 jobs in September. The weak data further suggests that the US economy is not as robust as previously thought. ADP also lowered its estimate of new jobs created in August to 157,000 from 195,000 previously. ADP is a global provider of human resources management software and services, and its data is seen as a bellwether of hiring trends.


China Sunsine gets SGX approval for proposed share split

SINGAPORE (Oct 2): China Sunsine Chemical Holdings, the producer of speciality rubber chemicals and rubber accelerators, has received in-principle approval from the Singapore Exchange (SGX) for the proposed share split of one ordinary share into two shares. 

In a regulatory filing on Wednesday, the company reported that it had gotten the nod from the exchange for the listing and quotation of additional shares on the Mainboard. 

Bumitama’s chairman acquires shares, China Sunsine continues with buybacks

(Sept 16): The executive chairman and CEO of Bumitama Agri, a leading producer of palm oil and palm kernel, recently acquired 400,000 shares in the company.

Bumitama in a filing with the Singapore Exchange on Sept 9 said that Lim Gunawan Hariyanto bought the shares at a total cost of $232,960. This brings Lim’s total deemed interest in the plantation company to 52%, up from the previous 51.98%. The percentage in shareholding is calculated based on the company’s issued share capital of 1,737,497,044 ordinary shares (excluding treasury shares).


Venture, Hi-P and ThaiBev win on earnings growth, share price gain and ROE respectively

SINGAPORE (Sept 16): For all the competition from low-labour-cost locations, manufacturing remains a key pillar of Singapore’s economy. Astute manufacturers in the city state have long managed costs by setting up operations outside Singapore, while maintaining headquarter functions here and finding new ways to add value to their customers.


China Sunsine reports 35% drop in 2Q earnings to $30.6 mil on lower ASP

SINGAPORE (Aug 6): China Sunsine Chemical Holdings, the specialty rubber chemicals producer, reported 2Q19 earnings of RMB155.8 million ($30.6 million), down 35% from RMB239.7 million a year ago in 2Q18.

Revenue for 2Q19 fell 17% to RMB727.0 million from RMB880.6 million a year ago mainly due to the decrease in the overall ASP which was partially offset by the increase in sales volume. ASP in 2Q19 slid 29% to RMB16,633 per ton from RMB23,334 per ton in 2Q18 when there was a shortage of supply.

Global Portfolio outperforms MSCI index and has positive absolute returns

SINGAPORE (May 20): The tide appears to have shifted once again for global stock markets. After fanning hopes of an imminent breakthrough on a trade deal for months, US President Donald Trump escalated tensions with a trademark tweet a couple of weekends ago.

China Sunsine's 1Q earnings fall 26% to $22.3 mil in tandem with lower raw material prices

SINGAPORE (April 29): China Sunsine Chemical Holdings announced a 26% y-o-y decrease in 1Q earnings to RMB110.2 million ($22.3 million) from RMB149.5 million a year ago, due to lower revenue as a result of reduced average selling price (ASP) for rubber chemicals.

Group revenue for the quarter slid 20% to RMB686.6 million from RMB856.9 million in 1Q18, as ASP slid 24% over 1Q to RMB17,637 per ton from RMB23,168 previously.

The lower ASP was mainly attributed to lower raw material prices.

Why we sell the stocks even if we still like the companies

SINGAPORE (Apr 22): Let me start by wishing our Christian readers a blessed Easter.

This week, I would like to take a bit of space to explain why we recently disposed of several of our investments, some at a loss. We make big mistakes too, and it highlights the limitations of investing based on data analytics.

We decided to cut our losses in DIP Corp, a stock that we have held since the inception of this portfolio. It operates the largest web portal and mobile application for part-time and temporary jobs in Japan.

China Sunsine scaling up manufacturing to ride soaring tyre demand: Maybank

SINGAPORE (Apr 16): Maybank Kim Eng says China Sunsine is scaling up manufacturing capacities of its rubber chemicals plants in China to ride on global soaring tyre demand.

China Sunsine has obtained government approval for the trial run of its new 30k tonne capacity production line to manufacture TBBS rubber chemical and a 10k tonne insoluble sulphur (IS) line at its current Shanxian site.

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