Professional
Added to YB: 2024-05-24
Pitch date: 2024-05-23
2198.HK [bullish]
China Sanjiang Fine Chemicals Company Limited
+86.08%
current return
Author Info
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Company Info
China Sanjiang Fine Chemicals Company Limited, an investment holding company, manufactures and supplies ethylene oxide and glycol, propylene, polypropylene, methyl tert-butyl ether (MTBE), surfactants, and ethanolamine in Mainland China, Japan, and Singapore, and internationally.
Market Cap
HKD 1.9B
Pitch Price
HKD 1.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.32
P/E
3.51
EV/Sales
0.61
Sector
Chemicals
Category
growth
Quercus Fund Portfolio Holding: China Sanjiang Fine Chemicals Company Limited
2198.HK: China Sanjiang Fine Chemicals. New plant operational after 3yr construction at multiples of mkt cap. 2H23 vol +60% vs 1H23 w/ margins > Braskem, Chandra Asri, Lotte, LyondellBasell EAI, SCGC. Sector still weak but supply/demand improving. Confidence in 12-18mo margin recovery. Stock +61% YTD (Apr), but still -37% from 2021 w/ plant 1yr+ away. Insider buying 40%+ of Apr vol after +70% in Mar. 2023 results & mgmt commentary also encouraging.
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