of course revenue is fall since cocoa products prices was fall with cocoa bean,but Margin improve to 5% is even important,looking forward for RM2.00 by next 6 month.
I'm a bit disappointed with no dividend from 2nd quarter. But now cocoa bean price still low up to date n definitely their 3rd quarter can perform well like 2nd quarter!! Cocoa demand still strong n with better selling price. Hopefully their price can continue to surge n start to distribute dividend from 3rd quarter onward. Overall this year cocoa market can perform well.
Price shall be trending towards 2.00 if good results can be demonstrated in next quarter. There is always up and down in share price. It doesn't move in straight line. High risk is because some short term trader with short sightedness have not done enough fundamental analysis on the company
At last Gcb give dividend for their 2nd quarter! Well done! I don't regret to invest on it. They also perform pretty well in 3rd quarter and cocoa bean price still pretty low until today! I would say 2017 is Gcb good performance year. Let me invest more to enjoy the fruit from Gcb.
Some sources said their TP will be over 2 ... reason is the coco bean hits 9 years lowest... and sources also told that they will be good in 2017 . However, let's see how high it can go
Cocoa bean price now is really the lowest within this 9 years. So now cocoa powder price is very low and my company buyer also buy in a lot. Now a lot of end products manufacturer take good chance of this opportunity to buy more and use more. This also help to boast up Gcb business and have more sales. Cocoa bean production also surplus until today and I foresee cocoa bean price will maintain until year end. So Gcb 3rd quarter financial report sure can continue perform well and hopefully Gcb will continue distribute dividend!!
Gcb announced acquiring 2 plants in USA today. This is the fastest way to expand its market share in US market. So Gcb total acquiring 3 plants this year include Koko Budi in Malaysia. This show that Gcb is in good financial position and good business.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sherlock
306 posts
Posted by sherlock > 2017-07-25 16:33 | Report Abuse
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