GUAN CHONG BHD

KLSE (MYR): GCB (5102)

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Last Price

2.80

Today's Change

-0.03 (1.06%)

Day's Change

2.80 - 2.85

Trading Volume

403,100


13 people like this.

4,266 comment(s). Last comment by ScotFree 3 weeks ago

Posted by gick8912 > 2011-05-13 09:18 | Report Abuse

it still have big chance to rise

nazriwbw80

565 posts

Posted by nazriwbw80 > 2012-01-03 21:11 | Report Abuse

the time is coming now

kcfan

1,881 posts

Posted by kcfan > 2012-01-03 22:55 | Report Abuse

Let's wait and see .

Posted by Siti Zahra > 2012-02-10 16:45 | Report Abuse

it come true

kcfan

1,881 posts

Posted by kcfan > 2012-03-23 23:15 | Report Abuse

源宗集團(GUANCHG,5102,主板消費品組)主要從事可可液、可可脂、可可蛋糕和可可粉生產,可可產品貢獻2011財政年93%營業額。
該公司現開始展開擴張印尼巴淡島(Batam)廠房產能6萬公噸工程,預計在2012財政年第二季竣工,有望令2012和2013財政年產能分別增加17萬公噸和20萬公噸,料是推動營業額成長主力。
隨著經濟規模的提高,預期源宗集團盈利將較營業額快速成長,料2012至2014財政年複合年均盈利和營業額成長15.1%和12.9%,而公司近期公佈25%淨利派息政策,估計2012至2014財政年週息率介於4.2至5.6%。
源宗集團盈利前景備受看好,而過去2年股價表現也超越富時綜合指數逾400%,相信其現有估值為5至6倍本益比仍較區域食品股為低,相信股價可朝8至12倍本益比水平進一步邁進。

bbhor2009

52 posts

Posted by bbhor2009 > 2012-03-24 10:59 | Report Abuse

Ya, very good counter. Regret sold it in early stage.

tasoke

317 posts

Posted by tasoke > 2012-03-24 20:26 | Report Abuse

still can buy back now, still cheap, l also buy back at rm 2.58 after sell.

bbhor2009

52 posts

Posted by bbhor2009 > 2012-03-25 19:33 | Report Abuse

Thanks tasoke. Will consider to buy back if the timing comes.

Posted by kschai77i3 > 2012-04-08 21:24 | Report Abuse

Watch out, it will announce listing in SG tomorrow!

kcfan

1,881 posts

Posted by kcfan > 2012-04-09 22:37 | Report Abuse

吉隆坡9日讯)源宗集团(GuanChg,5102,主板消费产品股)建议,在新加坡双边上市以及派发红股。
源宗集团今日向马交所报备,在新加坡上市的活动中,将会分成两个阶段进行,首阶段为公开发售3100万新股,以及大股东献售3100万股,每股面值马币25仙。
在第二个阶段,则是首阶段完成后以2送1的方式,派发高达2亿530万股的红股。
发售以及大股东献售的价格,源宗集团的董事部将在较后决定。
为了配合上述企业活动的宣布,该集团已申请从今日下午2点30分开始,暂停交易1小时,直至3点30分才恢复交易。
源宗集团董事经理兼总执行长郑贺联在文告中表示:“我们放眼在新加坡双边上市,有助于集团进入该资本市场,为扩展计划提供额外的融资来源。”
在新加坡上市所筹集的款项,该集团表示将用于现有营运扩展、产品研发、营运资本,及上市与派送红股的费用。
郑贺联指出,发行红股不但能够奖励大马现有的股东,同时,也可吸引参与新加坡上市售股的新投资者。
一旦完成上述建议活动,源宗集团股本将增加至1亿3150万令吉,涵盖5亿2610万股(每股面值25仙),相较于目前的7990万股本,涵盖3亿1970万股。
股价跌1仙
源宗集团预期上述活动将在次季完成。
闭市时,源宗集团报2.79令吉,跌1仙或0.36%,成交量有167万3400股。

Posted by kschai77i3 > 2012-04-09 22:49 | Report Abuse

But now quite high already...

kcfan

1,881 posts

Posted by kcfan > 2012-04-10 19:01 | Report Abuse

Guan Chong Bhd, a cocoa processor, climbed 1.4 per cent to RM2.83, poised for its highest close since June 15. The stock's price estimate was raised to RM3.20 from RM2.80 at HwangDBS Vickers Research Sdn after the company said it's seeking a secondary listing in Singapore and also proposed a one-for-two bonus share issue. -- Bloomberg

Posted by Yazid Gonzales > 2012-04-11 01:04 | Report Abuse

good....

kcfan

1,881 posts

Posted by kcfan > 2012-04-29 21:15 | Report Abuse

源宗集团计划在新加坡第二上市
可可加工商源宗集团(Guan Chong)计划在今年下半年于新加坡第二上市。第二上市计划将包含面值每股0.25令吉的6,200万股,或现有总股本(3亿1,970万股)的19.6%,其中3,100万股将会是新股,而其余的3,100万股将由主要大股东献售。公司给予公开售股的指示价为2.80令吉(相对同等新元)。确实的发行价容后才会公布。与此同时,公司也提议发行高达2亿零530万股红股,即每持有两股公司股将获发1红股。公司认为第二上市将有助其扩张业务及吸纳其他地区的股东;改善其股票在市场的流动性及提高其在国际市场上的地位。

启示: 第二上市计划与公司在印尼巴淡扩张业务相互配合,因为新加坡投资者对巴淡比较熟悉。此外,公司认为通过发股集资是一个比较长远的计划,因为在获得稳定资本的同时,公司的负债比不会提高。

Wak Jono

94 posts

Posted by Wak Jono > 2012-05-11 12:47 | Report Abuse

..gcb is a real resilient counter..love it...It's free http://goo.gl/oGblt

kcfan

1,881 posts

Posted by kcfan > 2012-06-27 20:38 | Report Abuse

Regional cocoa grinder Guan Chong Bhd received the nod from the Singapore Exchange yesterday to display its prospectus for its impending listing on the main board of the republic's stock exchange.

kcfan

1,881 posts

Posted by kcfan > 2012-07-09 21:22 | Report Abuse

Guan Chong Bhd, one of the leading cocoa processors in the region, has commissioned a second production line at its plant in Batam, which takes the group's total annual capacity to 200,000 metric tonnes.

It said the new 60,000 metric tonnes line brings the Batam facility's yearly output to 120,000 metric tonnes.

The company also has a cocoa grinding plant in Pasir Gudang which is capable of producing up to 80,000 metric tonnes a year.

Managing Director and Chief Executive Officer Brandon Tay Hoe Lian said commissioning of the second production line marked a new corporate milestone for the group.

"With the commissioning of the second line in Batam, our new total annual cocoa grinding capacity will consolidate our position as one of the regional leaders in this industry," he said in a statement.

Aside from cocoa grinding facilities, the new line would also provide powder pulverising and butter deodorising capabilities, he said.

The company had invested RM70 million capital expenditure in the second line and to upgrade Batam plant's facilities, he added.

kcfan

1,881 posts

Posted by kcfan > 2012-07-11 20:05 | Report Abuse

Based on good financial performance, stable industrial outlook and attractive valuation, GCB is a good stock for long-term investment.
GCB is poised it record high RM3.02 today.

kcfan

1,881 posts

Posted by kcfan > 2012-07-13 23:26 | Report Abuse

GCB is likely to climb higher if it closes above its all-time
high of RM3.10. A position can be initiated above the level with a
close below the psychological RM3.00 as a stop-loss. The price
target is RM4.10 and selling is also anticipated at RM3.70. Failure to
break higher could see the stock continue its sideways move, with
supports at RM2.60 and RM2.40.

kcfan

1,881 posts

Posted by kcfan > 2012-07-13 23:39 | Report Abuse

(GCB, 5102, the motherboard consumer products stocks) to clarify the investor briefing held in Singapore and Hong Kong, Singapore secondary listing plan is not only still active in the company.

GCB today released statement for the media about plan divest 20-30% stake in the original secondary listing of Singapore, the secondary listing plan may be canceled, reports responded.
The statement said that the group still active secondary listing of Singapore. "
Preparation of investor briefing
With the secondary listing of the GCB proceeding with the investor briefing, the goal is not only institutional investors, including long-term investment in strategic investors. "
Source were the Group's stock will be available for Singapore investors to invest. "

GCB is currently in Singapore and Hong Kong investor briefing.
Earlier today, Bloomberg News quoted unnamed source, reported that source cases of Group plans to sell off originally scheduled for 20-30% of the Singapore secondary listing of equity to raise funds for expansion plans.
The report pointed out that buyers have approached the supplier and source of cases of Group acquisition of equity issues, once the two sides reached an agreement to source cases the Group may cancel the secondary listing in Singapore as originally planned.
However, sources have not been disclosed to the potential buyer's identity.

Since the source cases in Group announced plans secondary listing in Singapore, the company's share price all the way up 11%. If the GCB
successful secondary listing in Singapore, its market capitalization will be increased to a level of 900 million to 88 million ringgit.
Equity sell off plan may replace the news came out of the secondary listing of the Group's share price of the source were a little fluctuation.

kcfan

1,881 posts

Posted by kcfan > 2012-07-21 15:13 | Report Abuse

(GCB, 5102, consumer goods group) shareholders in a special general meeting approved the secondary listing of business activities in Singapore.

Source cases in a statement issued today, said the company has obtained the approval of local and Singapore all relevant stakeholders on this issue. It says: "The results of the source were Group during the Singapore listing plan next charter, ie, promote the activities of the prospectus to pave the way."

Nevertheless, the source were Group Managing Director and chief executive officer pointed out that Zheng He linked the details of the promotion activities of this prospectus has not yet developed. He said: "We will make the appropriate announcement at the appropriate time."

Source were the Group's secondary listing in Singapore activities covering 6,000 2,000,000 ordinary shares, half of new shares, while the remaining half is part of the existing shareholders of the Placing.

On the other hand, the company's shareholders at the special general meeting of shareholders through 2 Get a Bonus Scheme. Upon completion of the listed activities and plans of bonus shares, its share capital will increase to 100 million $ 1.5 million ringgit.

bigyellow

254 posts

Posted by bigyellow > 2012-07-30 23:39 | Report Abuse

GCB..good chicken burger..yummy..

bigyellow

254 posts

Posted by bigyellow > 2012-07-31 22:47 | Report Abuse

tomorrow another round of yummy burger?hopefully

kcfan

1,881 posts

Posted by kcfan > 2012-08-12 08:37 | Report Abuse

Yes.Invested on my 5 star basic selection business performance requirement.Latest link as know..
http://www.nanyang.com/node/461810?tid=461target
Thanks bigyellow,if any further info share out.

Posted by Vincent Wong > 2012-08-17 21:14 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES GUAN CHONG BERHAD (“GCB” or the "Company") (I) SECONDARY LISTING OF GCB ON THE MAIN BOARD OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (“SGX-ST”); AND (II) BONUS ISSUE



GUAN CHONG BERHAD



17/08/2012 05:39:57 PM





Type

Announcement



Subject

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES



Description

GUAN CHONG BERHAD (“GCB” or the "Company")

(I) SECONDARY LISTING OF GCB ON THE MAIN BOARD OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (“SGX-ST”); AND

(II) BONUS ISSUE





We refer to the earlier announcements in relation to the Secondary Listing and Bonus Issue.
On behalf of the Board of Directors of GCB, Hong Leong Investment Bank Berhad wishes to announce that the Company does not intend to proceed with the Secondary Listing on the SGX-ST for the time being as the Company wishes to reassess its strategic directions with regard to capital requirements for the expansion of its business.

Notwithstanding the above, the Company will be proceeding with the Bonus Issue.

This announcement is dated 17 August 2012.

kcfan

1,881 posts

Posted by kcfan > 2012-08-18 23:00 | Report Abuse

GCB announced that the company decided not to implement its secondary listing of the Singapore Exchange.

Source were Group Managing Director and chief executive officer Zheng He associated in a statement issued today said: "after careful consideration, we hope to re-evaluate their own strategic direction, to take of development activities required capital conditions."

He added: "We are still committed to expand their business to the world, to take one of the world's leading cocoa processors in the future. In addition, we remain focused in the implementation of growth strategies, in an effort to source-cases in Group continuing interest. "

The sources were Group is one of the largest cocoa processors in the region, its annual production of 200,000 tonnes. The company a total of two treatment facilities were built in the Gudang Brazil and India Nipah Batam (Batam is).

On message above : What are the impact on share price reflection on coming days ? On current low row material of cocoa price and strong US dollar rages will benefit on improving the earning forecast.
What decision will be make on myself..to reduce hold or buy more during weakness ?
Can someone share your opinion.Thanks in advance.

akehlishi

205 posts

Posted by akehlishi > 2012-08-19 19:37 | Report Abuse

I really hope it will drop till 2.75-2.80 level even the mgmt said the bonus issue will remain unchanged for those like me to have chances lower down average price..

kcfan

1,881 posts

Posted by kcfan > 2012-08-22 16:10 | Report Abuse

Bonus 2:1 and dividend paid out 2.5 cents.

Posted by mikegeeseng > 2012-08-22 17:35 | Report Abuse

5102 GCB GUAN CHONG BHD
Bonus Issue 1 : 2

Entitlement Details:
Bonus issue of 158,752,929 new ordinary shares of RM0.25 each in Guan Chong
Berhad ("GCB") ("GCB Shares") to be credited as fully paid-up, on the basis of
1 new GCB Share for every 2 existing GCB Shares held by the shareholders of GCB
("Bonus Shares")


Entitlement Type: Bonus Issue
Entitlement Date and Time: 11/09/2012 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 07/09/2012
To SCANS Date:
Payment Date:
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

Posted by mikegeeseng > 2012-08-22 17:36 | Report Abuse

5102 GCB GUAN CHONG BHD
Third Interim Tax-Exempt Single-Tier Dividend 2.5 Sen

Entitlement Details:
Third interim tax-exempt single-tier dividend of 2.5 sen per ordinary share in
respect of the financial year ending 31 December 2012


Entitlement Type: Interim Dividend
Entitlement Date and Time: 07/09/2012 04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2012
EX Date: 05/09/2012
To SCANS Date:
Payment Date: 21/09/2012

kcfan

1,881 posts

Posted by kcfan > 2012-08-22 22:40 | Report Abuse

Market bleak affect valuation

Say no resting or put brokerages estimated market bleak or GCB today shelve the secondary listing of the reasons, resulting in the company is unable to obtain a good valuation.

  Research analyst in the report that the company originally planned secondary listing in Singapore, narrowing the gap with the food industry also listed in Singapore.

 "However, believe that is because of poor market conditions, the market has been unable to achieve substantial valuation, I believe the company to cancel the listing plan."

 The analyst pointed out that, currently listed in Singapore, Petra Food was valued at 14.6 times PE ratio, but the GCB local market would have only been 6.4 times PE ratio.

 However, if compared to the lower valuation JB Foods 4.5 times PE ratio will affect the future appreciation potential of the GCB can not really narrow the valuation gap.

 "Although the plan to cancel does not affect the company's fundamentals, but inevitably the share prices of natural phenomenon of reflection, change the share price trading range, so the target price lowered to RM3.00.

kcfan

1,881 posts

Posted by kcfan > 2012-08-24 21:01 | Report Abuse

In response to the "Star" email: " have received multiple strategic partner's offer, intends to buy the source were the Group's equity. They inject a good thing, but they still regard each other the suitability of our growth plan . "
GCB on Friday announced the cancellation of the planned secondary listing in Singapore. Investors are very disappointed about this announcement, in particular, this program just a month before the approval of the shareholders.
Source cases in last Friday's proclamation that did not continue to secondary listing plans, mainly because I wanted to revaluation of the new direction and need capital to expand their business regarding.

kcfan

1,881 posts

Posted by kcfan > 2012-09-11 21:13 | Report Abuse

Potential rerating? GCB is fairly valued at RM2.40, based on FY13 8x PER, which is in line with its 3-year average PER band. In view of the steep discount to the sector's average PER of 12.0x, the implied PER is fairly low and we do not rule out a potential rerating on the stock due to 1) the increase in liquidity after the recent bonus issue, 2) decent yield of 3.9% and 3) the twin catalysts for positive earnings growth rate.

Posted by Fat Cat Tim Buddy > 2012-09-17 18:48 | Report Abuse

did anyone follow this stock? i found out a weird situation ( or maybe it is normal in stock market ).

i find out that for few days, there is a huge buying volume queue at RM 2 during 4.45pm, it look to me --> someone doesnt want the closing price below RM 2.

any sifu master here can guide me through this? i will deeply appreciate it. :)

Posted by reachabbler > 2012-10-09 16:43 | Report Abuse

watch closely for this now :)

Posted by Steven You > 2012-10-11 20:01 | Report Abuse

low price now can buy or not???

KowChye

181 posts

Posted by KowChye > 2012-10-13 17:56 | Report Abuse

A counter worth following and watch, but actions?...too much uncertainty at the moment. May be refresh again next year? :)

kcfan

1,881 posts

Posted by kcfan > 2012-10-13 18:16 | Report Abuse

Still on my pending position to buy back after sold all after bonus issue.TP to buy back on RM1.50 ...Is possible ?

KowChye

181 posts

Posted by KowChye > 2012-10-15 12:28 | Report Abuse

@kcfan, I think 1.80 is more realistic. RM 1.50 may possible if GE is held this year?....:)

Posted by reachabbler > 2012-10-15 17:03 | Report Abuse

back to 2.00...best buy below 2.00 and yes 1.80 is possible but not 1.50

kcfan

1,881 posts

Posted by kcfan > 2012-10-15 20:33 | Report Abuse

Yes ! Hardly to with entry on 1.80 instead of 1.50 Remind me if on 1.80 Thanks.

Posted by reachabbler > 2012-10-16 00:17 | Report Abuse

no problem.

Posted by reachabbler > 2012-11-06 15:46 | Report Abuse

going to announce their financial result, and maybe with dividend as well, it bounce back when it dropped to RM1.90, another very strong counter in my portfolio, looks like their businnes is so much better than TSH and of course Teck Guan because GCB focus only on Cocoa.

Posted by Matsaham Mashuk > 2012-11-17 13:33 | Report Abuse

Cool--)potential for uptrend. TP2.46 by Maybank on 26/9/12.

Posted by reachabbler > 2012-11-30 12:18 | Report Abuse

lowest 1.81, current 1.82

Meng

118 posts

Posted by Meng > 2012-11-30 19:11 | Report Abuse

oo.. so many sell after ex-date...

Posted by reachabbler > 2012-11-30 21:49 | Report Abuse

sad..Most of them sold off after bonus issue

tonylim

4,796 posts

Posted by tonylim > 2012-11-30 23:29 | Report Abuse

One of my disappointing counter, bought cum, sold off shortly after.

tonylim

4,796 posts

Posted by tonylim > 2012-11-30 23:30 | Report Abuse

1.81 closing, kcfan, where to from here.

kcfan

1,881 posts

Posted by kcfan > 2012-11-30 23:39 | Report Abuse

I disposition all after bonus issue and still prefer to buy back at RM1.50 for margin of safety.Long wait...right

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