The estates’ strategic positioning within a 100-kilometre radius of Nusantara, the new capital city of Indonesia, places MKHOP in an advantageous position to leverage on the future capital city’s growth. The group is poised to benefit from the economic transformation of East Kalimantan, driven by the development of Nusantara," Chen said in a statement.

The current share price level provides a good entry level, given Guan Chong’s global consumer footprint, and position for potential peaking of cocoa bean prices, as well as to reap the benefits from Guan Chong’s various overseas expansions,” the research house added.

RHB said Guan Chong’s 9MFY2023 revenue of RM3.5 billion (up 7.9% y-o-y) led to the underperformance in core earnings of RM85.8 million at only 50% and 55% of the house’s and the consensus full-year estimates.

However, Guan Ghong’s Germany-based unit Schokinag reported stellar numbers, with a 7.8 times growth in the earnings before interest, taxes, depreciation and amortisation (Ebitda) level to RM70.2 million, thanks to higher average selling prices and lower utility cost.

Meanwhile, Guan Chong’s core earnings of RM33.9 million for the third quarter ended Sept 30, 2023 (3QFY2023), up 10.1% y-o-y on margin recovery for its industrial chocolate operations, was partially offset by higher interest costs (up 152% y-o-y

https://www.klsescreener.com/v2/news/view/1239853

B1. Review of performance
The Group’s revenue of RM1,285.9 million for the current quarter ended 30 September 2023 is higher than the
revenue in the previous corresponding quarter ended 30 September 2022 of RM1,100.5 million. The increase of
16.85% in turnover is mainly due to higher selling price for cocoa butter, cocoa solids and industrial chocolate.
B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 30 September 2023 of RM41.6 million as compared with the
profit before tax of RM37.5 million in the preceding year corresponding quarter ended 30 September 2022. This is
mainly due to higher selling price in cocoa products and industrial chocolate. However, the increase offset against
the higher finance cost due to higher interest rate during current quarter ended 30 September 2023.
B3. Commentary of prospects
The cocoa industry has endured challenges in the global macro environment this year, influenced by factors such
as rising interest rates and global inflation. Besides, the El Niño weather phenomenon, black pod diseases and
swollen shoot virus have contributed to reduced supply, thereby resulting in the rally of cocoa prices.
Despite the challenging backdrop, and even as cocoa prices in the London market reached a record 46-year high,
the demand for chocolate products remains resilient. The Group continues to vigilantly monitor global
developments and adapt its growth strategy accordingly for the long-term sustainability of the business. The Group
foresees that these adverse market conditions are affecting its performance in the short term; nevertheless, it
maintains optimism about the long-term outlook.
Looking ahead, the Group will maintain its focus on its core business of cocoa ingredient processing while also
expanding into the higher-margin industrial chocolate market and optimizing production based on market
conditions.
B4. Profit forecast or profit g

Approaching Nov 30

MSCI GLOBAL SMALL CAP INDEXES
The following are changes in constituents for the MSCI Global Small Cap Indexes
which will take place as of the close of November 30, 2023.

MSCI Malaysia Index
Addition: 3 (Boustead Plantations, Malayan Cement, UEM Sunrise)
Deletion: 2 (Dagang Nexchange, Hextar Tech Soln)

https://youtu.be/zjiLY-UXJ9w?si=4ZKil05DzJkPLWxy

Highway nearly complete

GREAT NEWS above

Probably it is the last chance to buy in at RM 1.2x
Wish me good luck..

Meanwhile, the automotive segment contribution is also expected to deliver improvement from supply of wire harnesses and fuel tanks for the Peugeot 5008, 3008 and 2008 models to Stellantis with deliveries expected from September 2023 onwards.

https://www.businesstoday.com.my/2023/08/23/supercomnet-expected-to-deliver-stronger-performance-despite-declining-demands/

this QR result underperformed..
i think have to wait at least for another 6 months..
bad luck bought in this garbage..😥
mgt trustwortiness put into questionmark, where was the Sept 23 sales to Stellantis Group..

https://www.youtube.com/watch?v=l5qR9CKtLwg&t=28s
再谈制造业转型！全球第4大汽车集团打算将马来西亚变成电动车生产区域枢纽？

https://theedgemalaysia.com/node/689894

Probably this is a good news to wce

NAIL it at RM4.00, pls
why so many desperate traders want to sell when share price approaching RM 4..?

It seems RM 9 supported quite well
Hopefully GEG bill can be tabled to the parliament ASAP before RM9 supporting level collapse..

Hold strong..
thunderstorm coming..
RM8.99 add some
Anyone also add in
together we move to a better place.. or holland..

Tomorrow shoot shoot shoot
Definitely sb who is waiting to buy is crying
🤣🤣🤣

only nail the price RM 4, then outloook for Mcement definately bright

my guess is it gonna to have a little push to RM9/8.99 before rebound..

yup, i also believe it is a great buy at RM9.0x..

you will witness this historical moment..

see whether RM 9 supporting level is safeguarded or lose in defend..

GEG probably not back..
but the operator uses this opportunity to further press until weak holder surrender..

see Rm9 got support or not?
if no, then trend south..

today most probably QR out..

With this good news, share price will push over RM 4

Stay tuned

MSCI GLOBAL STANDARD INDEXES
The following are changes in constituents for the MSCI Global Standard Indexes
which will take place as of the close of November 30, 2023.

MSCI GLOBAL SMALL CAP INDEXES
The following are changes in constituents for the MSCI Global Small Cap Indexes
which will take place as of the close of November 30, 2023.

MSCI Malaysia Index
Addition: 3 (Boustead Plantations, Malayan Cement, UEM Sunrise)
Deletion: 2 (Dagang Nexchange, Hextar Tech Soln)

Most probably QR out today..
Good or bad..
Hand it over to god

Constipation better than lausai

Kacau kacau ini minister

Better Naik toll not turun

Project progress not bad .
Saya makan sedikit RM 0.76

Scomnet definitely need you to fire his butt so that he can fly upp

Prospect remain good. Tempted to buy
Top up some today. This co gives you many info regarding his prospect. Normal person like me willing to trust this mgt. Hope you don't let me do down..

hopefully not lausai if poor progress update..🙏

look like good news is going to announce..
stay tuned..

you see index tumble, but this stock so stable..
look like main operator also waiting for the project update..

see any major support at 3.85..further than that then most probably recent rebound is a fake one..

Anyone profit taking?
Pls share..

Now it is a great time to see if the operator going to support the price at RM 4 or not?

This RM 4.00 is a very important supporting level.
First thing first need to stay firmly at RM 4

If Oct 23 project update for Section 7 can achieve by 2% progess, then i believe thus stock will Push Upp..🙏

Wah, very good QR
Congratulations to the holders collect 50 cents dividend

Somebody pls pull me uppp..cry

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%89%A9%E5%B1%95%E5%9C%A3%E6%B7%98%E6%B2%99%E5%BA%A6%E5%81%87%E6%9D%91-%E4%BA%91%E9%A1%B6%E6%96%B0%E5%8A%A0%E5%9D%A1%E6%8A%93%E7%B4%A7%E5%95%86%E6%9C%BA

mayday mayday..

Goreng counter by foreigner

omg, runnn

can I say hello today here..?

Definately Epf & KWAp are NOT the main operators in Time

epf not smart
buy high sell low
look like follow the market trend..while high buy in while low sell..

https://property.enanyang.my/%e8%b6%8b%e5%8a%bf/%e5%bb%ba%e5%a4%9a%e5%b1%82%e4%bb%93%e5%ba%93%e5%ba%94%e5%af%b9%e5%9c%b0%e5%b0%91%e5%9c%b0%e8%b4%b5/

It added that the current rental is RM250,000 per month where the rental rate shall increase by 8% for the period between March 1, 2026 to Feb 28, 2029.

The purchase price was based on the market value of RM48mil, as appraised by independent registered valuer, First Pacific Valuers Property Consultants Sdn Bhd, in its valuation report dated Aug 23, 20230.

Axis-REIT said the acquisition will be funded by existing bank financing, which will increase Axis-REIT’s financing ratio to 37.04% of the audited total assets as at Dec 31, 2022, which is still below the gearing limit of 50%, as prescribed by the guidelines on Listed Real Estate Investment Trusts issued by the Securities Commission

Axis Real Estate Investment Trust (Axis REIT) has obtained a judgement in default against its former tenant at Axis Steel Centre @ SiLC in Nusajaya, Johor, over a default on rental payments and unexpired future rental payments amounting to RM110 million. Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit