China Sunsine Chemicals Holdings

[CityFarmer]

CF has been monitoring this company for very long, apparently he is still not convinced. Sunsine is market leader and they are still keen on expansion. They have secured another site to build new factory and is currently pending authority's approval. While expansion plan is on track, the debt level has come down. In fact, they just turn net cash last quarter. More importantly, they have been paying regular dividend since listed and has increased dividend rate the preceding year. In a nutshell, they have payout more dividend than the capital they raised in the market. I am cautiously optimistic about this company. Likely to continue to vest and could adjust percentage of holding where appropriate. Had pick up a bit more when price slump close to 30 cents.

Very long (time)? I had followed Sheng Siong during its IPO in 2010, and only started to accumulate 4 years later in 2014, when I have cleared most doubts. I have lost tracked when I started to track this company, may be in 2012, still not the longest record yet...

I am playing devil here. I agree the company is a quality one, otherwise it will not stay in my watch-list for years.