Sunvic Chemical Holdings rated 'buy' by Phillip Securities

Stock Name: SunVic
Company Name: SUNVIC CHEMICAL HOLDINGS LTD
Research House: Phillip Securities

Phillip Securities Research in a Mar 3 research report says: "Revenue for FY10 came in at RMB3,363.4 million (+84.9% y-o-y) and net profit attributable to equity holders was RMB650.1 million compared to just a mere RMB4.1 million in FY2009. Revenue was 4% lower while net profit was 27.9% higher than our forecasts.

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