China Sunsine Chemical

China Sunsine Chemical

Holdings > Buy

PhillipCapital Research, Nov 9

Nov 9 close: S$1.11

Target price: S$1.68

CHINA Sunsine Chemical Holdings is facing a bit headwind of average selling price (ASP) correction currently. However, we believe there is a limited downside since overall supply within the market has not increased substantially. At the moment, the dip in both finished products and materials resulting from softened demand is cyclical. We still expect Q4 FY18 gross profit margin to sustain at above 30 per cent.

We revise up FY18e earnings per share (EPS) by 17.5 per cent to 26.9 S cents and FY19e EPS by 12.7 per cent to 23.9 cents.

Educator Index

Archive

2019
February
2018
November
December
November
December
November
October
September
August
July
June
May
April
March
February
January