Sinostar has remained above its ipo price of 38cts despite the worst scenario and during sharp market corrections.It is still better than China PetroTech and Sky China Petroleum in terms of share prices and profitability.Sales of its LPG biz is expected to continue to soar and when the ipo proceeds are partially utilised for the purpose below generated returns say 1 to 2 years time share price has good chance of crossing $1.definitely for long haul and not for short term contra trading.

Sinostar PEC and Dongming Zhongyou will jointly invest 560 million yuan to build a gas fractionation facility. The facility can process 250,000 tons of gas annually, bringing Sinostar's raw liquefied petroleum gas production capacity to 600,000 tons per year.