Strong 2Q16 beat, nice outlook in 3Q16F
​We like CGPC given a favorable outlook for ethylene-PVCs based on 1) strong demand from India; and 2) their cost competitiveness vs. calcium carbide-based PVCs.
China General Plastics Corporation. CHINA GENERAL PLASTICS CORPORATION is a Taiwan-based company principally engaged in the manufacture and distribution of plastics and related products. The products of the Company include vinyl chloride monomer (VCM) products, plastic powder and chemical products, polyvinyl chloride (PVC) construction products, plastic cloth, as well as plastic skin and soft skin. Its PVC construction products include plastic tubes, plastic pipes, plastic door sheets and erosion protection shields. The Company operates through two segments, including VCM Products segment and PVC Products segment. The Company operates businesses in Asia, America, Oceania, Europe, the Middle East and Africa.
Yuanta is a Taiwan-headquartered brokerage with a growing presence in Asia, especially across Greater China. Our team of 140+ provides cutting-edge analysis on key sectors, spread across offices in Taiwan, Hong Kong, Shanghai (A-Share), Seoul and Jakarta. With an ever-expanding coverage universe of 400+ companies, we provide in depth analysis with unique local color to investors. Consistently being voted the Best Investment Consulting Firm in Taiwan in the AsiaMoney broker poll is evidence of our strength. We target providing an extensive range of research, from small, to mid-sized, to large cap. We bring you the big, well-covered names, as well as going off the beaten track to research the less-familiar companies.
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