Buy on rumours sell on news. This was what happen to GCB when last reported results. For a good earnings potential company it will take a few days for investors to digest its numbers and assess its future direction. Personally i would think that GCB price will slowly inching upwards....
Base on GCB chart, everytime when result out there will be correction around 10% before it move back up.... so prepare bullet standby to buy at 3.65-3.70.....
FTSE Russell, a leading global index provider and Bursa Malaysia Bhd also said four new constituents would be added to the FTSE Bursa Malaysia Mid 70 Index, namely Guan Chong Bhd, Frontken Corporation Bhd, Muhibbah Engineering (M) Bhd and Pentamaster Corporation Bhd.
Technical oesn't look good. Opens high and then keeps going down. Distribution is going on? Any expert can comment on their prospect in the coming quarters?
World cocoa price are about to rebound .the top supplier(ghana) have a problem with the crop production due to incureable disease . A very bright future for local cocoa company since the demand still huge. Stay calm guys.
Company has stocked some cocoa at lower price, buy on koko budi and expansion to Africa also nd money. As long as can generate sustainable and higher income. Cocoa demand is high, even high cocoa price can pass on to their customer. Steady
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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....
cheoky
2,823 posts
Posted by cheoky > 2019-05-28 21:50 | Report Abuse
All in all, gcb is in a sweet spot. With q 2 50000ton up in budi koko. What else to expect?