SINGAPORE (Sept 21): KGI is keeping China Sunsine Chemical Holdings on “buy” with an unchanged target price of 60 cents.

“We maintain our view that Sunsine has progressed into a higher level of earnings (with higher peaks and troughs),” says KGI analyst Renfred Tay. “Trading at only 5.5x FY16F P/E, we believe Sunsine is severely undervalued.”

Here are three reasons why KGI believes China Sunsine is a good buy.

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