China Sunsine

Today we have witnessed the nice breakout of 1.17 level and rises higher to close well at 1.20, coupled with high volume this is rather Bullish!

Short term wise, I think it may likely retest 1.21 level. Breaking out of this level with good volume that may drive the price higher to 1.26 with extension to 1.33 .

Not a call to buy or sell.

Pls dyodd.



19th April 2019
Today it had managed to bounce-off from the recent low of 1.09 and close well at 1.14 level, coupled with quite a high volume this is rather bullish!

A bullish pin bar has been reflected on the chart which is rather positive as Bull has managed to take control of the situation.

Short term wise, I think it may likely retest 1.17 level.
Breaking out of 1.17 with ease + good volume that may drive the price higher to 1.21 with extension to 1.29 level.

Not a call to buy or sell.

NAV 0.95
Dividend of 5.5 cents
Yield of 4.82%,looks quite attractive

EPS 26 cents.
PE of 4.38x.
Zero debts
Net cash per share of about 42 cents.



China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. It offers rubber accelerators, anti-oxidant agents, anti-scorching agents, and insoluble sulphur used for the production of tires and other rubber related products, such as shoes, belts, and hoses. The company provides its products under the Sunsine brand name. It is also involved in the production and supply of heating power; and hotel and restaurant business. The company primarily serves the tire companies. China Sunsine Chemical Holdings Ltd. was incorporated in 2006 and is based in Singapore. China Sunsine Chemical Holdings Ltd. is a subsidiary of Success More Group Limited.