@rchi, thanks for explaining
Today I learnt a new lesson in stock market..

nibble some at RM 1.83
Hopefully no regret

Like this, you have no choice, look like no technical correction..
buy some is the best choice at the moment..
Ref price: RM 1.06

your view is correct.
but no correction after so many days pushing pushing upwards..esp last Friday volume transacted is over 10 millions..

if today can up, it really opens my eyes😮

risk & reward
project not certain, high risk, low price
project more certain, therefore lower risk, high price
determine u risk appetite
btw, if black swam come in i.e 31.3.204 the sections mentioned not open, then sure die kaw kaw..

hmmm..
i m in the opinion can add on at RM1 instead of sales.
let see how the drama going to act..

if i m the operator, i gonna to squeeze your blood to RM 0.90, and see u surrender or not..
but can't deny this stk is resilient..most probably there are many big boys here..everyone needs to protect his slice of cake

RM 1 is still an important psychological price.

Although it looks like a stone throw away buy still need to be careful

Wishing everyone Happy and Posperous new year

like this if no correction straight up quite worry..later on fast up fast down and collapse..sure die kaw kaw..

High-speed rail tracks are laid directly with concrete
The difference between high-speed rail tracks and traditional train tracks lies in the track laying materials and methods. Traditional train tracks usually use wood or steel as track supports and are laid with iron tracks. The high-speed rail tracks are more modern and are laid directly with concrete.

The construction of high-speed rail tracks takes advantage of the advantages of concrete. Concrete is a strong and durable material with good resistance to compression and weathering. This makes the high-speed rail track more stable and durable, able to withstand the operation and heavy load pressure of high-speed trains. Compared with traditional wooden and iron tracks, concrete-paved high-speed rail tracks have a longer service life and reduce maintenance and replacement costs.

Pp said you mention too many fake news, one day pp will realise and not going to believe you anymore. This is what scomnet mgt gives impression to public..

Wow! Resilient stock, can withstand the bad weather today

Can buy Maybank RM 8.90 now because ASB just now already declared 5.25% dividend
the worst is over, no more panic sell

omg got slaughtered..

A very good morning
Today klse index drops.
Important day to test WCE's share price strength and momentum..
Good luck everyone

interesting..look like sb or some institutionalfunds are fear of missing out..

@ValueInvestor888,
you spot on😘

becareful..maybe a FAKE rebound..
my safety bid is to stay sideline first..

I believe the above news is a good news to WCE because of high cost of construction of WISE

For WISE, at 60km in length and a cost of RM5.75 billion, it works out to about RM90 million per km. This raises the question of whether the traffic figures will be able to sustain the operator if toll charges are reasonably priced. There is also the question of how many people will actually use the highway that will stretch from Gopeng to Kuala Kangsar.

https://theedgemalaysia.com/node/694337

Uptrend looks good
i topped up some at RM0.845

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.

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.

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.

https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E5%86%85%E9%98%81%E5%85%81%E5%BB%BA%E8%A5%BF%E6%80%A1%E4%BF%9D%E5%A4%A7%E9%81%93

Wondering this West Ipoh Span Expressway (WISE) brings more good or bad to WCE..?
Hopefully some veterans can give some insight to this..

https://paultan.org/2023/12/14/west-ipoh-span-expressway-wise-approved-60-km-gopeng-to-kuala-kangsar-bypasses-menora-tunnel/

Definitely right @investor_lauzy, indeed the winners in the stock market are the ones who have persistent mindset and patience😃😃

you see Somebody is intentionally create FAKE RM 0.85 resistance..sigh..

Because uptrend pattern already change since it includes into klse 70 mid stock index
Now the uptrend is up 5 steps and then down 3 steps, gradually upwards and so on and so forth..
my guess is institutional funds are gradually accumulating this stock. if too many big brother are in, then the best possible way to accumulate this stock is gradually upwards..

@8u, you spot on, sb is jaga the price
standby some fresh fund to accumulate this trustworthy co, rare chance in your lifetime..

Attack is the best defense..
Reference price RM1.84 on 8 Dec 23

Post removed.Why?

https://www.klsescreener.com/v2/news/view/1245273

Omg, bad news..
Vape not profitable..

"Third Bridge分析师表示，由于竞争激烈，企业难以从电子烟中获利。他补充称，英美烟草进入加热烟草产品市场的时间较晚，这使其处于不利地位，旨在从菲利普莫里斯的IQOS产品手中赢得市场份额的激进定价策略也尚未取得成果."

after roller coaster for so many times, already squeeze out short-term trader almost completely.
leaving behind are almost the mid to long-term holders
your patience will be well rewarded..

Apex Healthcare (Neutral, TP: RM2.41): Unit to acquire industrial complex in Melaka for RM66.5m. Apex Healthcare via its wholly-owned subsidiary Xepa-Soul Pattinson (M) SB has proposed to acquire an industrial property in Cheng Industrial Estate in Melaka from Panasonic Appliances Refrigeration Devices Malaysia SB for RM66.5m. (StarBiz)

Comment: We view this strategic land acquisition positively as it aligns with XEPA’s plan to expand warehousing and liquid production capacity, positioning the company strategically for future growth. The acquisition will be funded through a combination of internally generated funds and possibly external borrowings. We gather that the property is located within the existing Cheng Industrial Estate in Melaka, in close proximity to XEPA, offering operational advantages by minimizing support service duplication. We maintain our earnings forecast and Neutral call on ApexH, as the acquisition is expected to only be finalised by the end of July 2024 with no near-term earnings contribution.

When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.

AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.

The share price @ RM 1.86 still hold it very well despite index down -3.50
Preferably volume transact today can be a little bit bigger..

Commenting on its outlook, Guan Chong has said it will maintain its focus on its core business of cocoa ingredient processing, as well as the expansion of the higher-margin industrial chocolate market and optimisation of production according to market conditions.

Its newly commissioned UK facility has boosted the group’s annual industrial chocolate capacity by 16% or 16,000 tonnes to 116,000 tonnes.

In total, Guan Chong has a total annual grinding capacity of 377,000 tonnes, with major production facilities located in Pasir Gudang, Johor (150,000 tonnes), Batam, Indonesia (120,000 tonnes) as well as San Pedro, Ivory Coast (60,000 tonnes). Its cocoa ingredients are exported to more than 70 countries, including chocolate manufacturers and other leading cocoa ingredient traders.

Bloomberg estimates show that Guan Chong may still post a better net profit of RM156.7 million in FY2023, followed by RM202.3 million in FY2024 and RM265 million in FY2025.

Rakuten Trade expects Guan Chong’s core net earnings to stay flat at RM127.9 million for FY2023, before improving to RM183.1 million in FY2024.

It, however, is cautious about the group’s financial leverage as its net gearing has reached almost 0.9 times with an interest coverage ratio of 2.1 times.

“According to the management, more than two-thirds of the borrowings are in US dollars or other foreign currencies, which act as a natural hedge against US dollar receivables and inventory,” the research house says in an Oct 6 note.

Though Guan Chong does not have a fixed dividend policy, Rakuten Trade expects it to pay dividends of 2.7 sen and 3.9 sen for FY2023 and FY2024 based on a 25% payout ratio. This will translate into dividend yields of 1.2% and 1.8% respectively.

As at end-June 2023, Guan Chong was in a net debt position of RM1.58 billion, with RM1.64 billion in gross borrowings.

The company’s shares are tightly held by the founding Tay family via Guan Chong Resources Sdn Bhd, with a 49.78% stake. Another substantial shareholder is the Employees Provident Fund, which holds 5.54% equity interest.

The analyst also notes that Guan Chong’s forward-selling mechanism remains robust.

“Basically, they deliver based on their scheduled dates; the only moving part in the short term is the mark-to-market losses coming from the derivatives because of the high cocoa bean prices.

“Although Guan Chong can sell higher in order to pass on the costs, there’s a limit to the prices chocolate manufacturers can pay. It may dampen consumer demand if chocolate prices are too high, thus affecting grinding margins,” he says.

He observes that because of the price issue, global chocolate manufacturers are adopting a wait-and-see attitude, hoping for relief.

The analyst also notes that Guan Chong’s forward-selling mechanism remains robust.

“Basically, they deliver based on their scheduled dates; the only moving part in the short term is the mark-to-market losses coming from the derivatives because of the high cocoa bean prices.

“Although Guan Chong can sell higher in order to pass on the costs, there’s a limit to the prices chocolate manufacturers can pay. It may dampen consumer demand if chocolate prices are too high, thus affecting grinding margins,” he says.

He observes that because of the price issue, global chocolate manufacturers are adopting a wait-and-see attitude, hoping for relief.

Nonetheless, investors adopting a short-term view may continue to shy away from Guan Chong’s shares.

“Right now, we haven’t even factored higher cocoa bean prices into our forecasts … If you have a short-term investment horizon, it looks like there is more uncertainty. But once cocoa bean prices take a turn, coupled with stable market demand, then it will be a very good future for them. Contribution from the Ivory Coast facility should also kick in, and all these are catalysts for the stock,” the analyst explains.

SINCE peaking at RM3.70 in August 2020, shares in cocoa grinder Guan Chong Bhd have been heading south, in tandem with the surge in cocoa bean prices to the highest levels seen in more than 40 years, driven mainly by the tight supply of cocoa beans and the El Niño weather.

Last week, as cocoa futures breached US$4,000 a tonne again, having soared 60% year to date, Guan Chong’s share price reacted by tumbling to a more than three-year low of RM1.99.

Given that cocoa bean prices are unlikely to ease significantly in the near term, analysts say the world’s fourth-largest cocoa grinder may not be able to see a quick improvement in its financial performance.

“High cocoa bean prices will affect demand for grinding capacity in the future, not in the short term. That is one part of the uncertainty faced,” an analyst who declined to be named tells The Edge.

“If this is followed by a drop in market demand, then Guan Chong’s [shares] will be under pressure as well,” he adds.

From a mid-term view, he opines that Guan Chong is undervalued given its established operations and sales channels. “But when cocoa bean prices stabilise, we should see a more normalised operating environment.”

https://www.klsescreener.com/v2/news/view/1243917

https://www.klsescreener.com/v2/news/view/1243421

UALA LUMPUR: Guan Chong Bhd (GCB) has commenced operations of its industrial chocolate factory in the United Kingdom (UK), second in Europe, and is targeting the £2.2bil chocolate market in the country.

“To capitalise on the UK’s growing chocolate demand, GCB has invested about £34mil to set up the 16,000-tonne annual capacity industrial chocolate facility,” the world’s fourth largest cocoa grinder and industrial chocolate player said in a statement.

GCB said the facility is installed with state-of-the-art production machinery and is specially designed with production lines to produce dark and milk chocolates with high safety and quality standards.

Managing director and CEO Brandon Tay Hoe Lian said the UK is one of the largest chocolate-consuming countries in Europe, with an average consumption of 8.1 kg per capita.

“By positioning ourselves in the UK, we hope to be a formidable chocolate manufacturer thereby capitalising on the strong demand for chocolate.”

“With the current installation of machinery, the facility still has additional space for us to possibly increase the capacity. For now, we will focus on fine-tuning the facility and evaluate our prospects for future growth,” Tay said.

The facility will produce various types of industrial chocolates such as chips, chunks, buttons, curls, shavings and more.

Future expansion plans for the UK industrial chocolate facility will also include value-added

capabilities in cocoa liquor melting, cocoa butter melting, and cocoa cake grinding.

GCB said the new facility in Suffolk, UK strategically occupies over 17 acres of land and boasts 300,000 sq ft of built-up area, conveniently situated near the port of Felixstowe.

The location enables it to serve chocolate makers and other clients across Europe, providing just-in-time local deliveries of liquid and solid products, as well as professional services such as technical support.