China Sunsine Chemical Faces Challenges from Higher Costs, Intense Competition
Dow Jones
7 hours ago
0329 GMT - China Sunsine Chemical expects its operating environment to remain challenging in the face of geopolitical uncertainties, volatile raw material prices and intense industry competition, UOB Kay Hian analysts say in a report. However, the rubber chemicals producer remains confident in its long-term prospects with plans to execute its 'sales and production equilibrium' strategy and advance capacity expansion. UOB Kay Hian raises its 2026, 2027, and 2028 earnings estimates for the company by 3%, 4%, and 3%, respectively, to reflect continued volume growth. It raises the stock's target price to 0.71 Singapore dollar from S$0.70 with an unchanged hold rating. Shares are 0.8% higher at S$0.635.
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