Sinostar PEC

About Sinostar PEC

One of the largest producers and suppliers of downstream petrochemical products within the 400km radius of its production facilities within the Dongming Petrochem Industrial Zone in Dongming County of Shandong Province,PRC

 

FY 2018 Annual Report


Investment Merits
  • One of the largest producers and suppliers of downstream petrochemical products within the 400km radius of Sinostar’s production facilities within the Dongming Petrochem Industrial Zone
  • Strategic affiliation with Shandong Dongming Petrochem Holdings Group
  • Expansion plans point to potential huge profit growth in the future
  • Vote of confidence from major Shareholder
  • Strong free cashflow yield 
  • 2.4% dividend yield
Stock Information
Price 0.21
Market Cap (SGDm) 134
YE 12/2018
Earnings Release Date (Est) 05/02/2019
52 wk high/low 0.235/0.149
YTD % change 12%
Free Float % 44%
Insiders Holding 56%
Key financial highlights
Key Highlights 2016 2017 2018
Revenue (CNYm) 1,559.9 1,804.6 2,259.5
Net Profit (CNYm) 89.8 68.2 82.7
P/E 7.4 9.8 8.1
EV/EBITDA 14.1 14.1 13.4
P/B 1.1 1.0 0.9
Return on Equity 15.5% 10.6% 11.8%
Net D/E -80.3% -65.6% 98.4%
Est Dividend Yield 2.4% 2.4% 2.4%
Source: Bloomberg (Based on price of S$0.210)

Latest documents update

  • 11 April 2019- FY2018 Annual Report


Risks

Global economic downturn, disruption in production facilities, drop in prices of propylene, polypropylene etc.