Woraphop Viriyaroj of Heffernan Capital Management has issued a Strong Buy on China Sunsine Chemical Holdings Singapore CSS Price target $1.30c,Strong Profit Growth and a very Low P/E make China Sunshine chemical an outstanding buy.

China Sunsine Chemical Holdings Ltd (China Sunsine) is an investment holding company. It is engaged in the production of rubber accelerators in the People’s Republic of China and globally. The Company’s products are sold under the Sunsine brand.

It includes a range of rubber chemicals, such as accelerators, anti-oxidant TMQ, vulcanising agent insoluble sulphur, as well as anti-scorching agent CTP. The Company’s production facilities are located in Shanxian, near Heze City in Shandong Province.

The wholly owned subsidiary of the Company is Shandong Shanxian Chemical Co., Ltd, which is engaged in the manufacture and sale of rubber chemicals, comprising rubber accelerators, anti-oxidant agents, anti-scorching agents and insoluble sulphur.

Key Developments:

• 3QFY2010 net profit rises 35% to RMB33.8m on 32% increase in revenue to RMB267.1 m

• 9MFY2010 net profit at RMB92.5m has exceeded the full year FY2009 net profit of RMB88.3m

• Strong demand pushes 3Q volume 24% higher to 14,585 tons, consecutive record quarter volume

• Expects demand for its products to remain strong because of the robust PRC and Asia Automobile Market

Posted by Shayne Heffernan on Nov 28th, 2010and filed underAnalysis, ASEAN News, Asia, Asia-Pacific Companies, BRIC, Chemicals, Commodities, Emerging Markets, Equities, Equities, Exclusive, Forex, Futures, Heffernan Capital Management, Hot Topic, In Depth, Industrial Goods, Industrials, Latest News, News & Events, Pennystocks, Shayne Heffernan, Singapore, Special Reports, Stocks, World News.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site