Although Sunsine does not reveal the price of each type of accelerator, the revenue and sales volume of its accelerator portfolio are there for derivation of overall price.
Overall accelerator prices (RMB/tonne) of Sunsine and 山东斯递尔化工科技 have been close:
Sunsine takes a month or two to fulfill an order. In a rising market, some product deliveries are at lower prices set earlier.
The prices of 山东斯递尔化工科技 reported in the website are likely to be spot. This may explain why in 2Q and 3Q, when accelerator prices rose, Sunsine's overall price was lower than that of 山东斯递尔化工科技.
Conversely, price gap between Sunsine and 山东斯递尔化工科技 might narrow in 4Q, when accelerator prices fell.
06-02-2015, 07:23 PM (This post was last modified: 06-02-2015, 08:31 PM by Curiousparty.)
It seems that there is no more high profit alert this time around ? China sunsine corrected downwards today despite STI gaining nearly 1% ....
If EPS "normalizes" in Q4, share price should follow suite also rite? Back to its previous trading range?
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
(06-02-2015, 07:23 PM)Curiousparty Wrote: It seems that there is no more high profit alert this time around ? China sunsine corrected downwards today despite STI gaining nearly 1% ....
If EPS "normalizes" in Q4, share price should follow suite also rite? Back to its previous trading range?
Why are you so obsess with sunsine? Never fail to post whenever the price drop? People who bought it at 20s cents level are laughing at you. Price fluctuations is normal and those invested any time before June 2014 are sitting comfortably with paper profits plus dividend coming in April soon. For your benefit, i would stress that the dividend is real and not accounting gimmick.
No one expect high profit alert every quarter. After 2 quarters of high profits, any similar level of profit no longer warrant any alert because in a sense, the high profit has become normalised. The full year EPS should be SGD 10 cents for the just concluded FY. That's all matter to me for now. If next quarter's EPS is SGD 2.5 cents or more and repeated for future quartets, the upside is enormous. Meanwhile, you can continue to highlight the opportunity for investors to accumulate the shares by posting the weakness in price whenever there is volatility in its share price.
(26-01-2015, 08:27 PM)CityFarmer Wrote: The Q4 result, is likely the quarter, when ASP starts to "adjust" back to normal. I am also anticipating the dividend remains the same.
(not vested, and monitoring)
Well, I am wrong again on the ASP in Q4. Base on the positive warning announcement, the ASP continue to increase in Q4.
Well..the positive alert is finally out. I wonder if grandma is happy now or is she thinking of another new "story" to try talk it down again?
(06-02-2015, 07:23 PM)Curiousparty Wrote: It seems that there is no more high profit alert this time around ? China sunsine corrected downwards today despite STI gaining nearly 1% ....
If EPS "normalizes" in Q4, share price should follow suite also rite? Back to its previous trading range?
Very happy to make the same mistake. However, let's not carried away as the comparison is year-to-year. The ASP is expected to drop from Q3, as in portuser's nextinsight article. It will really be a positive surprise if ASP increase q-to-q
26-02-2015, 10:19 PM (This post was last modified: 26-02-2015, 10:20 PM by Curiousparty.)
Does not sound too sanguine going forward.
Dividend Yield ~ 3.3% based on (1.5/46 cents)..
****
Although the automobile industry in China is poised for further growth which will indirectly
benefit our Group, US’s anti-dumping and countervailing measures against China’s tire
makers, as well as the over-capacity and under-utilisation issues faced by the China tire
industry, may dampen demand for our rubber chemical products.
The new Environmental Protection Law of China has come into force on 1 January 2015. As
environmental regulations become increasingly stringent, there may be further consolidation
in the rubber chemicals industry in China. However, as more of our competitors adjust to the
new regulations and meet compliance standards, the market supply of accelerators will
progressively increase. Further, given that international crude oil prices have fallen sharply
over the past several months, which has resulted in our main raw material prices remaining
at low levels, our selling prices may increasingly come under pressure.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Guess grandma is feeling a bit disappointed that price has not reached ~30cts yet. Noticed grandma has "selective" reading problem too..only focus on what she wanted to read.
Better add the last part of the commentary for readers to draw their own conclusion:
Notwithstanding this challenging environment, the Group remains cautiously positive on the outlook for the next 12 months.
Can also read the full press release for a more complete picture.
26-02-2015, 11:02 PM (This post was last modified: 26-02-2015, 11:07 PM by Curiousparty.)
"However, due to US's anti-dumping and countervailing measures against China's tire makers, as well as the over-capacity and under-utilization issues which have continued to plague China tire industry, we expect that the demand for our rubber chemical products may be affected in 2015 "
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Results within expectation, no thank to the constant 'Positive Profit' alerts
Dividend also increased in the form of .5 cent special dividend, expected as well.
Also as expected, the company is brutally honest in the assessment of its operating environment, by pointing out the possible headwind the business could face in the next 12 months. They have gave similar assessments for 2 consecutive quarters. My take is that they know what are the challenges that lies ahead and going forward, they know what to do in order to maintain reasonable returns for shareholders. For one, the heat plant should contribute significant more for FY15. The increase of sale in anti oxidant products could also more than offset the lower sale of rubber chemical products.
This is really a different s-chip. Regular dividend since listed and for the first time, shareholder will also receive special dividend for the just ended FY. Going forward, I am confident they will continue to pay at least 1 cent dividend even in lean year and they will not hesitate to reward shareholders with special dividend in boomy years.
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