China Sunsine Chemicals

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21 Jul 2017 09:21 #23913 by Rickard
Rickard replied the topic: China Sunsine Chemicals
Adding on to the above, serious questions will have to be asked about dividend yield ratios. China Sunsine is paying a paltry sub-3% dividend yield right now..

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21 Jul 2017 20:31 - 21 Jul 2017 20:31 #23915 by Poh
Poh replied the topic: China Sunsine Chemicals
Rickard: Your post is incorrect.

1. ASP increased,not decreased.

Sunsine's 1QFY2017 results statement: "ASP increased by 17% from RMB 14,765 per ton in 1Q2016 to RMB 17,300 per ton in 1Q2017. The increase in ASP was mainly due to the Group being able to pass on the increase in raw material costs to its customers. On a quarter to quarter comparison, the ASPwas RMB 16,000 per ton in 4Q2016."

2. Capacity expansion is already happening in 2017, don't have to wait till 2018.

Sunsine's 1QFY2017 results statement: "Currently, the machineries under the new Phase 1 10,000-ton TBBS production line are still undergoing testing, and the trial-run and commercial production are scheduled to commence in the 2nd half of FY2017.
The new 10,000-ton Insoluble Sulphur production line in Ding Tao factory and the expansion of Guangshun Heating Plant are on schedule, and are expected to complete by 3Q2017 and end of 2017, respectively."
Last Edit: 21 Jul 2017 20:31 by Poh.

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22 Jul 2017 09:39 #23917 by Rickard
Rickard replied the topic: China Sunsine Chemicals
I am not incorrect but rather the basis on which we look at things is different.

1. If you had dug further, ASP fot 1Q16 versus 1Q15 and 4Q14 was higher too. BUT on a yoy basis ASP dropped.

2. Capacity described above is on a full year basis. Once again if you were to take that capacity and adjust it according to the quarterly basis you see a number that is not as meaningful.

I need to clarify this point, I'm not shorting. What I'm saying is that you're buying into 2018 results not 2017. Many things are better at this point in time. Case in point is AEM.

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22 Jul 2017 15:49 #23918 by mslee888
mslee888 replied the topic: China Sunsine Chemicals
Apple and Orange comparison.What is better?
Should compare similar companies within same industry.
Anyway, 2Q2017 results out next week. Let's see.

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23 Jul 2017 08:07 #23921 by boonbibi
boonbibi replied the topic: China Sunsine Chemicals
I am not clear what you meant " If ASP you had dug further, ASP for 1Q16 versus 1Q15 and 4Q14 was higher too. BUT on a yoy basis ASP dropped."

How did you arrive at the conclusion that 1Q 16 ASP was higher? The actual numbers are:

4Q 14......RMB 19,600
1Q 15......RMB 17,000
1Q 16......RMB 14,800?

1Q 16 ASP was lower.

Appreciate if you can clarify.

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24 Jan 2018 14:28 #24240 by Bestworld
Bestworld replied the topic: China Sunsine Chemicals
The Best is Yet to Come!

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