GUAN CHONG BHD

KLSE (MYR): GCB (5102)

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Last Price

2.84

Today's Change

+0.05 (1.79%)

Day's Change

2.78 - 2.92

Trading Volume

11,517,900


13 people like this.

4,202 comment(s). Last comment by KingKKK 4 days ago

WKCHEK

1 posts

Posted by WKCHEK > 2020-06-09 21:32 | Report Abuse

Stevecheahsw, where u plucked this infor?
If there is such transaction, no announcement needed?

Posted by akulamatata > 2020-06-09 23:22 | Report Abuse

I think they purposely tekan down the price and they can convert their warrant with cheap .After done the price should can raise up

sting79

754 posts

Posted by sting79 > 2020-06-10 01:10 | Report Abuse

Isn't the warrant B free? Means after paying RM 1.65 to convert it to mother share, still can easily sell at today's price for a good profit.

Hence maybe that's why the price keep dropping after QR result.

Wing23

415 posts

Posted by Wing23 > 2020-06-10 10:01 | Report Abuse

Warrant convert to mother, free profit everyone keep selling after convert easy money

Posted by TheTruthHurt > 2020-06-11 11:03 | Report Abuse

Conversion surely means company believe in its long term prospect. Also it will dilute mother in the short run. Question is, why convert so fast when there's 2 years to go!?

sting79

754 posts

Posted by sting79 > 2020-06-11 14:05 | Report Abuse

If you have free warrants, and only need to fork out RM1.65 to get a confirm trade at more than RM2.6 now, would you be holding it or selling it? Based on current and projected economy outlook.

Don't forget that Dow Jones (global market driver) is overvalued at the moment, and has been overvalued for some time already even before Covid-19.

howgan

241 posts

Posted by howgan > 2020-06-13 11:35 | Report Abuse

Market over re-act on Conversion of warrant , Investor need think wise why company convert warrant to mother share. I think maybe company had better prospective instead of sell their shares after conversion.

sting79

754 posts

Posted by sting79 > 2020-06-13 16:55 | Report Abuse

Maybe normal investors who got free warrants don't convert as it need cash to exercise, and also a delay due to the conversion process, so instead just sell the warrants for an immediate profit.

Those who believe in the company especially the directors, converts warrants not only to sell mother at profit, but also injects cash into the company. This could be a good sign because unless they believe in the company's future, I don't think the directors themselves will fork out millions of ringgit to exercise the warrant.

Posted by pinnaclegrade > 2020-06-15 14:39 | Report Abuse

11% drop from the time of typing.. room to drop further..

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-06-16 23:18 | Report Abuse

Hmm why isn't this counter performing

monorail

78 posts

Posted by monorail > 2020-06-17 10:14 | Report Abuse

Not performing because next quarter EPS is expected at 5sen only. Future PE will be 13x. At 2.60 it is fully valued. Need to drop further before going in.

Posted by Stevecheahsw > 2020-06-18 13:31 | Report Abuse

WKCHEK, u can check at your pc or your remisier

Posted by Stevecheahsw > 2020-06-18 13:36 | Report Abuse

22% of total shares is a huge amount!!!

Posted by stevecheah300 > 2020-06-26 15:50 | Report Abuse

Long term is good, short team no need to see

unomi12

342 posts

Posted by unomi12 > 2020-06-26 17:06 | Report Abuse

i think GCB would be a good investment , perhaps at par with rubber stock.
Despite the current pandemic , they have confident to expand their production which many of the company is cutting cost and sizing down.

I believe during pandemic , GCB is taking the opportunity to expand it capacity or perhaps gain more market share to be the no 1 sooner or later.

enning22

2,869 posts

Posted by enning22 > 2020-07-02 17:38 | Report Abuse

once the Wuhan pandemic is over,then hard to collect at low cost.

Posted by BostonMaxwell > 2020-07-02 17:42 | Report Abuse

Quite agree

dlau8899

915 posts

Posted by dlau8899 > 2020-07-02 18:33 | Report Abuse

Going up 2.80

johotin88

385 posts

Posted by johotin88 > 2020-07-07 18:40 | Report Abuse

Can this 1 kept for super long term like Nestle and F&N?

Collin Soo

892 posts

Posted by Collin Soo > 2020-07-10 17:01 | Report Abuse

Medium to long term is ok

Posted by CHONGweiboon1119 > 2020-07-10 23:44 | Report Abuse

Hold 5 year can?? haha

dlau8899

915 posts

Posted by dlau8899 > 2020-07-14 00:30 | Report Abuse

Going up 2.90

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-23 16:37 | Report Abuse

this one can hold 10 years also..... i dont see people stopping chocolates all together. now a bit slow cause of tourism , but when things go back to normal should be OK>

Also people are taking up baking

leavk123

102 posts

Posted by leavk123 > 2020-07-24 16:44 | Report Abuse

Sth is brewing

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-24 17:00 | Report Abuse

very obvious... even in bad times they are willing to invest and expand.

Smart management

johotin88

385 posts

Posted by johotin88 > 2020-07-24 21:40 | Report Abuse

The graph looks very bullish but it's very close to the strong resistance now.

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-25 20:40 | Report Abuse

Chocolate is brewing

Posted by pinnaclegrade > 2020-07-25 22:21 | Report Abuse

Reminds me somewhat of Warren Buffett's Sees Candy (not completely similar) need quality cocoa to produce premium chocolates..

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-27 19:43 | Report Abuse

This company is like Charlie and the chocolate factory. If u think u going to enjoy chocolate next 10 years, no brainer
Now this

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-27 19:43 | Report Abuse

Now the spotlight is on health care. Once that is over people start looking at long term stocks.

valuelurker

1,133 posts

Posted by valuelurker > 2020-07-28 09:28 | Report Abuse

Covid stay at home eat more chocolates hoho

johotin88

385 posts

Posted by johotin88 > 2020-07-28 12:12 | Report Abuse

Be careful. Hitting resistance and then coming down usually not a good sign. Hopefully will recover and break instead.

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-07-28 14:57 | Report Abuse

stay home people bake more also - everyday i go instagram see all these people bake left and right

mobidick

131 posts

Posted by mobidick > 2020-07-28 15:42 | Report Abuse

Sold half my holding, keep the rest for future. One thing to note for GCB is that while revenue is growing its profitability is eroding slightly, maybe competition for other coco producers.

johotin88

385 posts

Posted by johotin88 > 2020-07-29 15:53 | Report Abuse

Very volatile these few trading days.

johotin88

385 posts

Posted by johotin88 > 2020-08-03 19:22 | Report Abuse

Toppish sign. Might need to sell.

Drsnazzy

81 posts

Posted by Drsnazzy > 2020-08-05 10:02 | Report Abuse

toppish what wor - so stable and uptrend now

johotin88

385 posts

Posted by johotin88 > 2020-08-05 12:09 | Report Abuse

Big sharks made the graph looks like toppish for a few days. Now broke strong resistance instead. Most probably long way to go up some more.

longranger

220 posts

Posted by longranger > 2020-08-05 12:11 | Report Abuse

lucky hold till now from pre bonus, added warrant at 40cts. huat liao!

Posted by CHONGweiboon1119 > 2020-08-05 12:32 | Report Abuse

GCB is the world 4th top cocoa company, future will be potential growth, malaysia cocoa company wont be cheaper like gcb already

longranger

220 posts

Posted by longranger > 2020-08-05 12:37 | Report Abuse

i see huge potential in this company and its management

Posted by CHONGweiboon1119 > 2020-08-05 12:41 | Report Abuse

I also agree with longranger, they are growing company. In the past people whole nestle now has big return, I also see how far gcb can develop

longranger

220 posts

Posted by longranger > 2020-08-05 12:49 | Report Abuse

when hartalega small, also like gcb, low profile but quietly and sincerely expanding. gcb managemt take the lead to convert wb to mother share, i hv seen other mngmt sold all thier warrant the 1st day when listing. peace of mind for long term invest and lets it multiply over time. 300% return in 5yrs is no problem.

longranger

220 posts

Posted by longranger > 2020-08-05 12:50 | Report Abuse

ceo is ambitious , transparent, action oriented. Deserve a big LIKE

Posted by CHONGweiboon1119 > 2020-08-05 12:58 | Report Abuse

true. I saw their management convert warrant to mother share will be for future, i assume gcb is another small nestle

longranger

220 posts

Posted by longranger > 2020-08-05 13:03 | Report Abuse

for investmt wise, nestle only in malaysia, market limitted. whereas sky is the limit for gcb. as you said no4...already world class. how many worldclass company in malaysia yet pe at 14? yes gloves are world class but pe 150 :)). i m switching my glove counter to gcb.

Posted by CHONGweiboon1119 > 2020-08-05 13:08 | Report Abuse

longranger nope. Nestle in other country also beneficial, because nestle go make other snack beside cocoa, but one point agree is gcb are world class. Haha topglove i hold from 4.9 last year so still ok, I wish gcb will have healthy grow like topglove

longranger

220 posts

Posted by longranger > 2020-08-05 13:25 | Report Abuse

4.9 is very good price. if the same time you bought tg cw..now at least 10x congrat!!

Posted by CHONGweiboon1119 > 2020-08-05 13:42 | Report Abuse

haha but gcb only bought mother share at 3.00, hope can grow much in future

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