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China Sunsine Chemicals Holdings
16-11-2017, 02:11 PM,
Post: #891
China Sunsine Chemicals Holdings
Based on Yanggu Huatai’s latest update, they are constructing 10000 ton IS new capacity from their internal financial resource. But sunsine is still ahead of them significantly as both TBBS and IS 10000 new capacity already completed and just pending approval for production.


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16-11-2017, 02:42 PM,
Post: #892
RE: China Sunsine Chemicals Holdings
https://www.forbes.com/sites/trevornace/...3f60b84666

I was at the briefing too. Apparently the drop in sale volume was not due to lack of demand but something to do with what mentioned in the above article. Going forward, Sunsine's sale volume should reflect the actual market demand. See link below

http://mp.weixin.qq.com/s/sK4M78OLAyFZzWHVZedhTg

Before I attended the briefing, I was a bit disappointed and perplexed by the drop in sale volume. Up till the results release, I was confident that Sunsine would benefit from the clampdown of environmental harmful production. I now understand the situation and the causes. Having said that, if 4Q still surprise on the downside then I would be cautious, which I think really shouldn't be the case.

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16-11-2017, 09:03 PM,
Post: #893
RE: China Sunsine Chemicals Holdings
Tires are not capital good. They are consumable goods.

World car population is growing and replacement tires account for 70% of tire sales.

There are many casualties in the rubber chemical industries. The competitors that were mentioned in Sunsine's IPO prospectus are either out of business or had downsized.

Sunsine's current competitors are Yanggu Huatai and Tianjin Kemai. TJKM's IPO to raise funds have been rejected many times. YGHT's rights issue just got approved and its priority is to move its current facilities. It will take 3 years for each of them to add capacity.

Sunsine is in good position to increase its market share and sale volume.

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Yesterday, 12:08 PM,
Post: #894
RE: China Sunsine Chemicals Holdings
(16-11-2017, 02:11 PM)kyle Wrote: Based on Yanggu Huatai’s latest update, they are constructing 10000 ton IS new capacity from their internal financial resource. But sunsine is still ahead of them significantly as both TBBS and IS 10000 new capacity already completed and just pending approval for production.


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hopefully, the new production line will be online by end of this year.

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