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(25-08-2014, 10:37 PM)Curiousparty Wrote: From a technical analysis pt of view, sunsine seems to look vulnerable.
From the chart, one can see that there were 2 gaps previously formed (one at ~ 29 cents and one at ~22 cents).
It seemed to be moving down to close the higher gap at 29 cents for now....
Please refrain from discussing TA here. VB is a FA forum after-all.
A bit of TA among FA is acceptable, but not fully on TA.
Just a reminder. Thank
Regards
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I hope I am right when I say accumulation was going on since the gap was closed at 295 before it surged to today's high of 33 cents. Given the vast improved 1H14 results and the continue positive outlook, more upside could be realised and I await upcoming q3 results with bated breath.
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The report http://vip.stock.finance.sina.com.cn/q/g...ndex.phtml
states that authorities in Beijing Tianjin and Hebei province are stepping up enforcement to keep the environment of Beijing clean for the upcoming APEC meeting in November. Accelerator prices are expected to rise.
阳谷华泰:环保收紧下促进剂价格有望继续走高,防焦剂或行业格局改善在即
类别：公司研究 机构：安信证券股份有限公司 研究员：王席鑫,孙琦祥,袁善宸 日期：2014-08-28
事件:阳谷华泰发布14年中报,实现归属于上市公司股东的净利润为2045万元、同比增长107%,EPS为0.073元。我们测算公司二季度盈利为1533万元,单季度同比增长183%,环比大幅改善200%,单季度实现EPS为0.05元。
短期APEC及中长期环保趋紧背景下,促进剂价格继续看涨:供给端来看,今秋APEC在北京召开,《京津冀地区生态环境保护整体方案》、《河北水污染防治行动计划》等政策性文件不断印证华北地区的环保压力正在持续加大,同时短期看根据我们的草根了解地区环保执行力度正在加大。而促进剂行业80%产能集中在华北地区,我们预计整体行业在环保压力下供给端的冲击将继续加剧(上一轮价格高点为08年8月奥运会期间,因此不排除行情重现)。需求端促进剂占下游成本不到1%且不可替代,下游需求同样是刚性的;因此在供给缺口逐步显现的过程中,我们认为促进剂M及下游产品价格出现上涨行情的概率较大。
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(04-09-2014, 09:48 AM)Young Investor Wrote: The report http://vip.stock.finance.sina.com.cn/q/g...ndex.phtml
states that authorities in Beijing Tianjin and Hebei province are stepping up enforcement to keep the environment of Beijing clean for the upcoming APEC meeting in November. Accelerator prices are expected to rise.
阳谷华泰:环保收紧下促进剂价格有望继续走高,防焦剂或行业格局改善在即
类别：公司研究 机构：安信证券股份有限公司 研究员：王席鑫,孙琦祥,袁善宸 日期：2014-08-28
事件:阳谷华泰发布14年中报,实现归属于上市公司股东的净利润为2045万元、同比增长107%,EPS为0.073元。我们测算公司二季度盈利为1533万元,单季度同比增长183%,环比大幅改善200%,单季度实现EPS为0.05元。
短期APEC及中长期环保趋紧背景下,促进剂价格继续看涨:供给端来看,今秋APEC在北京召开,《京津冀地区生态环境保护整体方案》、《河北水污染防治行动计划》等政策性文件不断印证华北地区的环保压力正在持续加大,同时短期看根据我们的草根了解地区环保执行力度正在加大。而促进剂行业80%产能集中在华北地区,我们预计整体行业在环保压力下供给端的冲击将继续加剧(上一轮价格高点为08年8月奥运会期间,因此不排除行情重现)。需求端促进剂占下游成本不到1%且不可替代,下游需求同样是刚性的;因此在供给缺口逐步显现的过程中,我们认为促进剂M及下游产品价格出现上涨行情的概率较大。
Sorry, do you have the English name of this company? This is not Sunsine, isn't it?
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(04-09-2014, 08:39 PM)Bluechipfan Wrote: (04-09-2014, 09:48 AM)Young Investor Wrote: The report http://vip.stock.finance.sina.com.cn/q/g...ndex.phtml
states that authorities in Beijing Tianjin and Hebei province are stepping up enforcement to keep the environment of Beijing clean for the upcoming APEC meeting in November. Accelerator prices are expected to rise.
阳谷华泰:环保收紧下促进剂价格有望继续走高,防焦剂或行业格局改善在即
类别：公司研究 机构：安信证券股份有限公司 研究员：王席鑫,孙琦祥,袁善宸 日期：2014-08-28
事件:阳谷华泰发布14年中报,实现归属于上市公司股东的净利润为2045万元、同比增长107%,EPS为0.073元。我们测算公司二季度盈利为1533万元,单季度同比增长183%,环比大幅改善200%,单季度实现EPS为0.05元。
短期APEC及中长期环保趋紧背景下,促进剂价格继续看涨:供给端来看,今秋APEC在北京召开,《京津冀地区生态环境保护整体方案》、《河北水污染防治行动计划》等政策性文件不断印证华北地区的环保压力正在持续加大,同时短期看根据我们的草根了解地区环保执行力度正在加大。而促进剂行业80%产能集中在华北地区,我们预计整体行业在环保压力下供给端的冲击将继续加剧(上一轮价格高点为08年8月奥运会期间,因此不排除行情重现)。需求端促进剂占下游成本不到1%且不可替代,下游需求同样是刚性的;因此在供给缺口逐步显现的过程中,我们认为促进剂M及下游产品价格出现上涨行情的概率较大。
Sorry, do you have the English name of this company? This is not Sunsine, isn't it?
The key point is the up trend of rubber accelerator price, rather on the company 
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The company latest update on debt, 358.9 mil RMB
http://infopub.sgx.com/FileOpen/CS_Discl...eID=313734
(not vested)
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(04-09-2014, 08:50 PM)CityFarmer Wrote: (04-09-2014, 08:39 PM)Bluechipfan Wrote: (04-09-2014, 09:48 AM)Young Investor Wrote: The report http://vip.stock.finance.sina.com.cn/q/g...ndex.phtml
states that authorities in Beijing Tianjin and Hebei province are stepping up enforcement to keep the environment of Beijing clean for the upcoming APEC meeting in November. Accelerator prices are expected to rise.
阳谷华泰:环保收紧下促进剂价格有望继续走高,防焦剂或行业格局改善在即
类别：公司研究 机构：安信证券股份有限公司 研究员：王席鑫,孙琦祥,袁善宸 日期：2014-08-28
事件:阳谷华泰发布14年中报,实现归属于上市公司股东的净利润为2045万元、同比增长107%,EPS为0.073元。我们测算公司二季度盈利为1533万元,单季度同比增长183%,环比大幅改善200%,单季度实现EPS为0.05元。
短期APEC及中长期环保趋紧背景下,促进剂价格继续看涨:供给端来看,今秋APEC在北京召开,《京津冀地区生态环境保护整体方案》、《河北水污染防治行动计划》等政策性文件不断印证华北地区的环保压力正在持续加大,同时短期看根据我们的草根了解地区环保执行力度正在加大。而促进剂行业80%产能集中在华北地区,我们预计整体行业在环保压力下供给端的冲击将继续加剧(上一轮价格高点为08年8月奥运会期间,因此不排除行情重现)。需求端促进剂占下游成本不到1%且不可替代,下游需求同样是刚性的;因此在供给缺口逐步显现的过程中,我们认为促进剂M及下游产品价格出现上涨行情的概率较大。
Sorry, do you have the English name of this company? This is not Sunsine, isn't it?
The key point is the up trend of rubber accelerator price, rather on the company
Haha that's true but curiosity piqued. Want to read about Sunsine's peers. Amfraser predict FY14's profits to increase by 192% yoy. Wondering if Sunsine's peers, those similarly not affected by the pollution control policy, are also so optimistic or any similar view by different broker house on Sunsine's peers.
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(04-09-2014, 08:57 PM)CityFarmer Wrote: The company latest update on debt, 358.9 mil RMB
http://infopub.sgx.com/FileOpen/CS_Discl...eID=313734
(not vested)
Yes am aware of their debt. They should pare it down by RMB 140 million by end of the year. They should clear all debt by end of next year if the level of profit is sustainable. This is unlikely as they might have new expenses. Most importantly must have sustainable profits. Of course if the debt remain high despite good profits for prolonged period then this could potentially be their achilles heel. Will keep a close look. Thanks.
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Bluechipfan
阳谷华泰 (Yanggu Huatai, listed on Shenzhen Exchange) is not Sunsine (山东尚舜, listed on SGX).
The article, from 安信证券股份有限公司, a broking firm in China, reviews the performance of Yanggu Huatai in 1H 2014, and comments on how strict enforcement in preparation of APEC meeting will benefit Yanggu Huatai.
You may wish to read the following Nextinsight article which reported on comments by other broking firms in China on Yanggu Huatai:
http://www.nextinsight.net/index.php/com...e-than-100
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(04-09-2014, 09:45 PM)Bluechipfan Wrote: (04-09-2014, 08:57 PM)CityFarmer Wrote: The company latest update on debt, 358.9 mil RMB
http://infopub.sgx.com/FileOpen/CS_Discl...eID=313734
(not vested)
Yes am aware of their debt. They should pare it down by RMB 140 million by end of the year. They should clear all debt by end of next year if the level of profit is sustainable. This is unlikely as they might have new expenses. Most importantly must have sustainable profits. Of course if the debt remain high despite good profits for prolonged period then this could potentially be their achilles heel. Will keep a close look. Thanks.
The aggregate of RMB 358.9m in today’s announcement includes a RMB 20m loan (due on 21 Sep 14) and a RMB 30m loan (due on 15 Sep 14), both by China Construction Bank.
If the new RMB 20m loan (by the same bank) is to replace the loan of the same amount, aggregate will become RMB 238.9m on 21 Sep 14. If the RMB 30m (which is due earlier, on 15 Sep 14) needs no refinancing, aggregate will be RMB 308.9m.
In the previous announcement (dated 18 Jul 14) on a new RMB 20m loan by the Agriculture Bank of China, Sunsine gave RMB 358.9m as the aggregate.
Closer examination of that announcement reveals that the aggregate included a RMB 20m loan (by the same bank) due on 21 Jul 14.
The RMB 20m loan due on 21 Jul 2014 must have been repaid, or else the aggregate in today’s announcement would have been RMB 378.9m.
It should be noted that Sunsine stays very liquid to contain loan default risk.
Its latest balance sheet shows that RMB 318.9m loans were matched by RMB 133m cash and RMB 171m bank-issued notes receivables. The notes were from customers as securities against their purchases. Sunsine can draw cash by presenting note, before its maturity, to the issuing bank; or reassign the note to supplier in settlement of raw material purchase.
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