Risk factor
Limited trading liquidity
Profitability factor
Excellent dividends
About
Sinon Corporation, headquartered in Taichung, Taiwan, is a highly diversified enterprise with operations spanning numerous sectors. Its core activities involve the production and distribution of agricultural chemicals, fertilizers, and a comprehensive range of crop protection products, including farming materials, seeds, and seedlings. Beyond agriculture, Sinon is a significant provider in the manufacturing and packaging industry. Their services encompass product and mold design, advanced molding techniques such as blow, injection, PET injection, PET extrusion blow, and one-step injection blow molding, as well as finishing processes like printing, gilding, labeling, and shrink sleeving. The company further extends its reach into the production and sale of cement and pharmaceuticals. Its diversified portfolio also includes the orchid trade, housewares, and catering services. Sinon manages retail operations, which feature agricultural products, supermarkets, and the sale of tobacco and alcoholic beverages. Additionally, it handles the import and export of medical and chemical goods, and provides software design, sales, and information security maintenance services. Established in 1955, the company originally operated under the name Shinung Chemical Industry Co., Ltd., before rebranding to Sinon Corporation in 1979.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/E