Added to YB: 2024-07-17
Pitch date: 2024-07-14
2198.HK [bullish]
China Sanjiang Fine Chemicals Company Limited
+76.05%
current return
Author Info
No bio for this author
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 1.67
Price Target
6.00 (+104%)
Dividend
N/A
EV/EBITDA
6.32
P/E
3.51
EV/Sales
0.61
Sector
Chemicals
Category
turnaround
China Sanjiang Fine Chemicals Company Limited - $2198.HK
2198.HK: New 1,250ktpa naphtha/ethane cracker online, up from 600ktpa methanol-fed. 2024 P/E <3x near cycle bottom. Mid-cycle (2025/26?) could earn current mkt cap in 1yr. HKD 6/sh possible. Petrochemical cycle turning, spreads improving since 4Q23. Insider buying. Dividend may resume once leverage normalizes. Risks: cyclical, commoditized.
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