Companies / 603379
SHAZhejiang Sanmei Chemical Industry (603379) in our theses
Zhejiang Sanmei Chemical Industry appears in one of our theses. Below is why it entered the basket and how it has done since publication.
Heatwaves are driving air conditioning demand, and a global cap on refrigerants has turned Chinese plants into a pricing oligopoly
Kigali quotas have frozen refrigerant supply while record heat drives air conditioning demand: the margin goes to Chinese gas producers, not the equipment makers.
Why this company: A producer focused on refrigerants and one of the leading quota holders. Very high earnings leverage to R32, R125 and R134a prices with supply capped from the top down.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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