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China Sunsine Chemical Holdings Ltd. (QES.SI)

SES - SES Delayed Price. Currency in SGD
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0.4000+0.0050 (+1.27%)
At close: 04:59PM SGT
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Previous close0.3950
Bid0.4000 x N/A
Ask0.4050 x N/A
Day's range0.4000 - 0.4000
52-week range0.3700 - 0.4850
Avg. volume96,826
Market cap383.989M
Beta (5Y monthly)0.81
PE ratio (TTM)5.00
Earnings dateN/A
Forward dividend & yield0.01 (2.53%)
Ex-dividend date09 May 2023
1y target estN/A
  • Reuters SG

    China's 'teapot' refiners mop up swelling Iranian crude, defying U.S. curbs

    Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions. Although China's "teapots", or small independent refiners, are stocking up on Iran's discounted oil as they exploit robust margins to fill strong seasonal demand, big state refiners are still keeping away. The export surge comes at a time when Washington and Tehran are working on prisoner swaps and ways to free up Iranian funds frozen overseas, leading some traders to speculate a softening of U.S. sanctions on Iranian crude could be in the offing.