but for me 250,000 tons vs 7000 tons is not alot, maybe it is ticket to open europe market and expend capacity on the industry chocolate. anyone has idea how much industry choco per tons?
I dun expect share price to fly just becos of this but i do expect the build up of the earnings momentum which we could see double digit again come 2020
GCB trend is not the same as others. Sometimes long sell Q will see price jump for the day. Sometimes but w long will see proce collapse towards closing. So, go back to fundamentals... earnings earnings and earnings....
In the market there are always ppl thinknits overpriced and there r ppl think its undervalued. So long q sell and long q buy is a norm. Judge for yourself and do your homework
Hardly think that is operator throwing and buying. Its more like bullish investors are not willing to chase it up and queing to buy. Its a matter of patience. When patience runs up u will see buyers snatching up sellers quote and the price just shoot out. And also would be buyers are queing for earlier investors to take profit. Earlier investors price was ard 2.30-2.45
some ppl go for short term profit taking , some go for longer term ,aimed for investment purpose,to each according to his prefered strategy, no a question of right or wrong.
We maintain our BUY call on Guan Chong with an unchanged FV of RM3.49/share, pegged to a P/E of 13x FY21F PE which is at a discount to international peer’s average forward P/E of 19x. We like Guan Chong for its: 1) growth potential from expansion plan, 2) its position as the 4th largest cocoa bean grinder, and 3) stable earnings trajectory on the back of experienced management.
If i may be right, in my humble opinion, gcb price will only move in a faster pace in Jan. Reason being, funds may not get in in a big way as its year end and closing period.
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richcares
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Posted by richcares > 2019-12-17 15:52 | Report Abuse
3.00 ++ so difficult