SunVic: +3.2% at $0.645, recouping part of 7.4% fall since release of 3Q10 results. While net profit at CNY193.3 million vs CNY6.1 million YoY, CNY103.5 million profit in 2Q10 due to increased sales, investors have since opted to sell on strength given 82.4% rally after 2Q10 results came out. CIMB notes that stock's uptrend remains intact, with intraday pullback in recent months offset by dip-buying…..
Highlight that fundamentals support further ascent of share price. Add that 1Q & 4Q traditionally peak periods for China-based chemicals maker, hence current quarter could improve on 3Q10 performance. Orderbook quotes suggest price unlikely to challenge 52-week high of $0.70.
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