By Excerpts from CGSCIMB report China Sunsine Chemical (SGX: QES) 2H22 net profit declined to Rmb215m (-11% yoy) due to weaker downstream demand that hurt profit spread. FY22 total DPS of 3Scts implies 6.1% yield. China recovery bodes well for recovery in domestic downstream demand, though we are more cautious on export sales outlook in CY23F. […]
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