China Sunsine Chemical Holdings Ltd. (QES) AI Stock Analysis

China Sunsine Chemical Holdings Ltd.

(SGX:QES)

Select Model

Rating:79Outperform

Price Target:SGD 0.78▲(35.48% Upside)

Action:reiterated

Date:08/07/26

The score is primarily supported by the **strong financial performance**, especially the **zero-debt balance sheet** and improving 2025 profitability and cash flow. Valuation is also favorable, while technicals are only moderately supportive and keep the score from being higher.

Positive Factors

Debt-free balance sheetA zero-debt capital structure materially reduces financial risk and preserves flexibility for capex, dividends, or tuck-in M&A across cycles. This durability supports the company's ability to fund working capital swings and invest without reliance on external leverage.

Negative Factors

Revenue cyclicality and volatilityMaterial swings in year-to-year revenue reflect exposure to cyclical tire and rubber demand and price swings for commodity inputs. Persistent top-line volatility complicates capacity planning, capital allocation and the predictability of earnings over a 2–6 month horizon.

China Sunsine Chemical Holdings Ltd. (QES) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 548.20M
Dividend Yield: 4.70%
Average Volume (3M): 401.03K
Price to Earnings (P/E): 7.0
Beta (1Y): 0.70
Revenue Growth: 4.17%
EPS Growth: -12.40%
Country: Singapore
Employees: 2,000
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals - Specialty

China Sunsine Chemical Holdings Ltd. Business Overview & Revenue Model

Company Description

China Sunsine Chemical Holdings Ltd. functions as an investment holding company with a global footprint in the manufacturing and distribution of specialty chemicals. Its market reach encompasses China, the wider Asian region, the United States, Europ...

How the Company Makes Money

The company makes money primarily by manufacturing and selling rubber chemicals to industrial customers (notably tire manufacturers and other rubber-product producers). Its core revenue streams come from (1) sales of vulcanization accelerators—chemic...

China Sunsine Chemical Holdings Ltd. Financial Statement Overview

Summary

Strong overall financial profile driven by a **debt-free balance sheet**, solid 2025 profit rebound, and improved cash generation. Income strength is good, while cash flow is improving but still shows some earnings-to-cash conversion variability.

Income Statement

82Very Positive

Balance Sheet

95Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.96B	―	―	―	―	―
Gross Profit	492.98M	―	―	―	―	―
EBITDA	370.32M	―	―	―	―	―
Net Income	247.76M	―	―	―	―	―
Balance Sheet
Total Assets	5.00B	4.89B	4.68B	4.39B	4.22B	3.92B
Cash, Cash Equivalents and Short-Term Investments	2.21B	2.33B	2.07B	1.69B	1.36B	1.38B
Total Debt	0	0	0	0	0	225.32M
Total Liabilities	462.36M	444.87M	470.30M	459.26M	532.66M	747.22M
Stockholders Equity	4.54B	4.44B	4.21B	3.93B	3.69B	3.18B
Cash Flow
Free Cash Flow	183.86M	438.61M	459.50M	419.50M	48.97M	79.75M
Operating Cash Flow	331.62M	686.87M	573.30M	593.42M	207.49M	371.30M
Investing Cash Flow	-147.18M	-247.17M	-55.30M	-137.47M	-140.92M	-262.52M
Financing Cash Flow	-158.45M	-182.64M	-137.40M	-141.07M	-121.59M	-52.64M

China Sunsine Chemical Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.57

Price Trends

50DMA0.62Negative

100DMA0.64Negative

200DMA0.65Negative

Market Momentum

MACD-0.01Positive

RSI38.06Neutral

STOCH51.59Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:QES, the sentiment is Negative. The current price of 0.57 is below the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.62, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.06 is Neutral, neither overbought nor oversold. The STOCH value of 51.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:QES.

China Sunsine Chemical Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SG:QES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:QES	79Outperform	SGD 558.03M	6.98	9.08%	4.70%	4.17%	-12.40%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SG:C05	51Neutral	SGD 35.69M	-26.40	-0.88%	1.06%	-7.25%	95.72%
SG:M15	43Neutral	SGD 11.35M	-1.30	-164.44%	―	25.81%	-30.34%
SG:C8R	42Neutral	SGD 29.83M	-0.65	-48.10%	―	-69.91%	-13.56%

* Basic Materials Sector Average

Performance Comparison

SG:QES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:QES	China Sunsine Chemical Holdings Ltd.	0.57	-0.11	-15.57%
SG:C05	Chemical Industries Far East Ltd.	0.47	-0.05	-9.62%
SG:M15	Matex International Limited	0.02	0.00	0.00%
SG:5DS	MegaChem Ltd.	0.45	0.02	3.45%
SG:C8R	Jiutian Chemical Group Limited	0.01	-0.01	-48.28%
SG:TSCD	Siam Cement Public Co Ltd SDR Repr 1 NDVR	0.98	0.20	25.00%

China Sunsine Chemical Holdings Ltd. Corporate Events

China Sunsine AGM Highlights FX Strategy, Pricing Power and Rising Market Share

May 28, 2026

China Sunsine Chemical’s latest annual general meeting minutes highlight a sharp rise in its U.S. dollar cash holdings, from about US$90 million to US$180 million over 2024–2025, as overseas sales expand and are largely settled in USD. Ma...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026

China Sunsine Chemical Holdings Ltd. AI Stock Analysis