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Latest Forum Topics / SunVic Chemical

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May Attempt 60 cts

smltimer
Senior

22-Aug-2008 02:12

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Yells: "So what does the crystal ball say ......."

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profit surge more than 200%?? but seem to be sliding down ever since report out........

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ozone2002
Supreme

12-Aug-2008 09:00

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2Q profit out !....profit surged more than 200%!...

check the sgx announcement for more details

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ozone2002
Supreme

06-Aug-2008 10:46

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hit 40c... must break 45.5 to show significant rally..

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ozone2002
Supreme

04-Aug-2008 09:09

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past few days top vol..

lookin to hit 40c soon

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ozone2002
Supreme

30-Jul-2008 09:13

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stirring up interests again

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zhuge_liang
Supreme

16-Jul-2008 01:12

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DBS Vickers starts Sunvic Chemical at Buy with $0.48 target, based on 5.5X FY09 P/E. China-based company makes Acrylic Acid, Acrylate Esters, used in production of various industrial, consumer goods; also produces chemical called PMIDA, used in making glyphosate, type of herbicide. House says, while China hit by oversupply of AA, AE in past year, condition should improve as demand expected to grow by 15% yearly; "as its usage is very diversified, it is not likely to be affected by slowdown in demand in any particular sector." Forecasts EPS CAGR of 36.4% over FY07-10. Tips propylene plant as catalyst for share price, expecting facility to yield net savings of CNY75 million. Company taking 10% stake in plant, due for completion in 1H09.

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jasonrxz
Senior

30-May-2008 00:48

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I am looking at .455 tomolo.... that's predicted too low as this stock broke it's resistance of .42 high recently and according to the trending now with the support of D.J gaining 1%...

Well.....let's see if there's a gap up tomolo opening price cos the volume in last 15mins is huge... i mean real huge....

Congrates to all vested..... Smiley

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jasonrxz
Senior

29-May-2008 16:59

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WOW..... wat a run up.... got in early at cheaper price 10 mins ago and see the sudden strong buy up.....

Hope it will stays strong tomorrow.... Huat ar!!!

cheers... agreed on abit siao on this surging stocks... Hope it close highest high and we will see show tomolo..... Smiley

ozone2002 ( Date: 29-May-2008 16:49) Posted:

getttin crazy today

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ozone2002
Supreme

29-May-2008 16:49

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getttin crazy today

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yipyip
Master

26-May-2008 01:05

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TWENTY LARGEST HOLDERS OF SHARES AS AT 20 MARCH 2008
NO. NAME OF HOLDERS OF SHARES NO. OF SHARES %
1 WHITEFIELD CAPITAL INC. 299,732,241 49.67%
2 DBS VICKERS SECURITIES (SINGAPORE) PTE LTD 36,409,402 6.03%
3 UNITED OVERSEAS BANK NOMINEES (PRIVATE) LIMITED 27,521,000 4.56%
4 UOB KAY HIAN PTE LTD 26,033,000 4.31%
5 OCBC SECURITIES PRIVATE LTD 12,598,000 2.09%
6 CIMB-GK SECURITIES PTE. LTD. 9,526,231 1.58%
7 PHILLIP SECURITIES PTE LTD 8,880,000 1.47%
8 SBI E2-CAPITAL ASIA SECURITIES PTE LTD 6,000,000 0.99%
9 LIM CHYE HAI (LIN CAIHAI) 5,400,000 0.89%
10 KIM ENG SECURITIES PTE. LTD. 5,122,250 0.85%
11 TOE TEOW HENG 4,614,000 0.76%
12 DMG & PARTNERS SECURITIES PTE LTD 4,226,000 0.70%
13 HONG LEONG FINANCE NOMINEES PTE LTD 3,683,000 0.61
14 DBS NOMINEES PTE LTD 2,987,000 0.49%
15 CITIBANK NOMINEES SINGAPORE PTE LTD 2,920,000 0.48%
16 CITIBANK CONSUMER NOMINEES PTE LTD 2,426,000 0.40%
17 THAM OI LIN 2,000,000 0.33%
18 MORGAN STANLEY ASIA (SINGAPORE) SECURITIES PTE LTD 1,734,000 0.29%
19 KOH SOE KHON 1,700,000 0.28%

20 OCBC NOMINEES SINGAPORE PTE LTD 1,556,000 0.26%

TOTAL: 465,068,124 77.04%

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yipyip
Master

22-May-2008 01:48

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Principal Activities

Exporting and importing chemical products and materials for our Group

Purposes of Incorporation

To participate in the Global Trader Programme under International Enterprise Singapore to enjoy lower tax rate. This will help to reduce our Group’s overall effective tax rate

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yipyip
Master

22-May-2008 01:45

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21/May/08 17:35 SGX Announcement

Principal Activities

Group: Exporting and importing chemical products and materials for our

Purposes of Incorporation

International Enterprise Singapore to enjoy lower tax rate. This will help to reduce our

Group’s overall effective tax rate: To participate in the Global Trader Programme under

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_71B038A2FAB2DA91482574500019088F/$file/Sunvic_Incorporation_of_Dynix.pdf?openelement

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Singer88
Member

21-May-2008 17:07

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Volume is back too.

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yipyip
Master

20-May-2008 00:00

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$0.415 resistance attempted on 15 May (high 0.415) & 16 May (high 0.42), can breakout soon?

@Curr.Price $0.40 / est.FY08 EPS $0.1044
est.P/E ratio = 3.831

@ $0.415 resistance / est.FY08 EPS $0.1044
est.P/E ratio = 3.9750

@ TP $0.49 / est.FY08 EPS $0.1044
est.P/E ratio = 4.639

@ TP $0.60? / est.FY08 EPS $0.1044
est.P/E ratio = 5.747

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ozone2002
Supreme

16-May-2008 09:05

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41.5c shiok ah!

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Nokita
Senior

15-May-2008 23:36

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Insiders were buying a few months ago, according to article at http://www.nextinsight.com.sg/content/view/210/60/

	Date of purchase	No. of shares bought	Average price
SUN LIPING	18-01-2008	800,000	21.44 cts
	17-01-2008	1,200,000	21.75 cts
	02-10-2007	1,000,000	40 cts
	10-09-2007	1,360,000	30.396 cts
JIAO XINGKUN	11-01-2008	500,000	27.94 cts
	21-11-2007	135,000	28 cts
ZHU WULING	21-11-2007	1,860,000	28.69 cts
YANG GUOQIANG	21-11-2007	1,010,000	28.99 cts
TEO YI-DAR	04-10-2007	50,000	37 cts
	30-08-2007	50,000	26 cts

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yipyip
Master

12-May-2008 01:01

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@Curr.Price $0.365 / est.FY08 EPS $0.1044

est.P/E ratio = 3.4961

@ $0.415 resistance / est.FY08 EPS $0.1044

est.P/E ratio = 3.9750

@ TP $0.49 / est.FY08 EPS $0.1044

est.P/E ratio = 4.639

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yipyip
Master

09-May-2008 00:05

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The BT press article very close to Consensus.Est.Trend from Reuters

est.FY08 Rev S$609.58mln

est.FY08 EPS S$0.1044

Published May 6, 2008

SME SPOTLIGHT

SunVic eyes 300m yuan profit this year

The company is now the largest producer of acrylic acid and acrylate esters in China and controls 20 per cent of the domestic market, its CEO tells OH BOON PING

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Mr Sun: SunVic's targets are achievable given demand for its products is growing and should continue to do so in the years ahead

Based in Jiangsu, China, the firm recently reported a near eight times jump in net profit to 73.7 million yuan, while sales doubled to 646.3 million yuan for the three months ended March 31.

Chief executive Sun Liping told BT the targets are achievable given demand for SunVic's products is growing and should continue to do so in the years ahead.

Listed last year, the group makes a product called PMIDA - or N-phosphonomethyl Iminodiacetic Acid - that is used mainly in the production of glyphosate, a weedkiller.

Rising fuel cost has led to greater demand for biofuel - and both glyphosate. As a result, PMIDA orders in North and South America have increased, Mr Sun explained.

Not surprisingly, PMIDA saw sales grow more than four times to 257 million yuan in the first three months of the year. Gross margin for PMIDA is 38 per cent.

SunVic also makes the intermediate chemical products acrylic acid (AA) and acrylate esters (AE), which are used to produce many everyday industrial and consumer products.

For example, AE is used in the production of surface coatings such as topcoats for cars, machinery, paints, plastic and self-adhesive envelopes.

Gross margin for the segment is about 4 per cent.

Mr Sun said SunVic is now the largest producer of AA and AE in China and controls 20 per cent of the domestic market. Its AA/AE customer pool numbers more than 500, including multinational corporations in China.

Major customers include Jiangsu Yinyan, Shanghai Kailun Trading, Nortox, Helm and Marubeni Specialty Chemicals.

In Q1 2008, SunVic's total gross profit more than tripled to 112.8 million yuan, with sales of AA and AE accounting for 13.8 million yuan, and PMIDA the lion's share of 98.8 million yuan.

Mr Sun said higher Q1 sales were achieved despite the severe snowstorm that affected the transport system in most of eastern and central China.

'In addition, Q1 has traditionally been a low season for our products, in particular acrylic acid and acrylate esters,' he said.

SunVic's plants are in the Chenjiagang Chemical Zone in Yancheng City in Jiangsu province.

'According to Chemical Market Associates (CMAI), a consulting firm specialising in the petrochemical industry, eastern China, where SunVic is located, accounted for 65 per cent and 50 per cent of China's AA and AE demand in 2005, respectively,' says a CIMB-GK report.

This year, SunVic expects to raise production capacity for PMIDA 50 per cent from the current 20,000 tonnes to 30,000 tonnes.

The firm has already pumped 50 million yuan into the expansion of PMIDA and AA & AE and will inject another 25 million yuan before the end of the year.

To control material costs, SunVic plans to set up a new plant to produce propylene - a key ingredient in AA and AE production.

The project is a joint venture between SunVic Chemicals and Mr Sun, who will contribute 90 per cent of the total cost.

Construction is under way, and the plant is expected to start operating next year.

Other growth strategies include research and development into new products and merger and acquisition opportunities.

CIMB-GK notes that economies of scale and improving efficiency will allow SunVic to tap the growing AA and AE demand.

Respective demand for the products is forecast to grow 16 per cent and 10 per cent a year between 2005 and 2010, it says. This 'should address the current over-capacity by FY09. SunVic stands to benefit with its larger scale, wider market reach and better efficiency'.

The research house expects sales and net profit to grow at a compound annual rate of 25 per cent and 19 per cent from FY07 to FY09 with the new capacity.

However, CIMB believes net profit growth could be lower than sales growth, largely due to higher raw material prices and higher selling and administrative expenses after SunVic's initial public offering.

In terms of industry outlook, CIMB believes there is over-supply in China's AA market in the near term but that the robust demand is likely to outstrip supply in FY09.

'According to CMAI, AA demand in China is projected to grow at 16 per cent per annum over 2005-2010,' CIMB says. 'Based on these estimates, management reckons that China's estimated 15-20 per cent over-supply should be resolved by end-FY08.'

In addition, SunVic's second-largest market, South America, is projected to grow 17 per cent a year over the same period.

'We expect demand for SunVic's products to remain strong due to its diversified sales base globally,' says CIMB.

SUNVIC Chemical Holdings aims to hit a net profit of 300 million yuan (S$58.3 million), plus sales of three billion yuan at the end of this year.

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yipyip
Master

07-May-2008 07:40

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SunVic has completed the expansion of PMIDA plant, this will giving additional volume of 10,000 tonnes in 2008 and contribute to revenue and profit for FY2008

http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/5f3e7076f3c3537248257441003720a9?OpenDocument

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yipyip
Master

06-May-2008 20:03

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(pls refer to Singer88's post)  0753 GMT [Dow Jones] STOCK CALL: Daiwa raises Sunvic Chemical (A7S.SG) six-month target price to S$0.49 from S$0.46 following "extremely strong" 1Q08 results.

curr.p $0.385    P/E(ttm):6.78

tp       $0.49     P/E(ttm):8.63

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