Friday, January 21, 2011

Sunshine - China Sunsine Chemical Holdings rated 'buy' by Phillip Securities

Stock Name: Sunshine
Company Name: SUNSHINE HOLDINGS LIMITED
Research House: Phillip Securities

Phillip Securities Research in a Jan 21 research report says: "9M10 revenue improved 39.8% y-y while net profit registered an improvement of 50.7% y-o-y. In view of the buoyant performance of the automobile industry, we believe Sunsine should maintain its momentum for 4Q10. The main product of the company is the rubber accelerator which accounts for close to 90% of revenue.


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