China Sunsine Chemical started at "buy", 69-cent target by AmFraser

Stock Name: China Sunsine
Company Name: CHINA SUNSINE CHEM HLDGS LTD.

Research House: AmFraser

Price Call: BUY

Target Price: 0.69

SINGAPORE (Oct 28): AmFraser has started coverage on China Sunsine Chemical with a "buy" rating and price target of 69 cents, based on seven times projected FY2015 earnings.

One of the largest makers of rubber chemical additives in the world, the company is benefitting "big time" from its focus on environmental protection, according to AmFraser analyst Renfred Tay.