GUAN CHONG BHD
KLSE (MYR): GCB (5102)
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Last Price
2.54
Today's Change
-0.06 (2.31%)
Day's Change
2.52 - 2.61
Trading Volume
4,048,600
Changes
| Ann. Date | Date | Type | Name | Title | View |
|---|
Discussions
13 people like this. Showing 50 of 4,196 comments
Guan Chong hunts for beans amid supply panic
“Everybody is panicking,” Brandon Tay Hoe Lian, chief executive officer of the firm, said in an interview in Kuala Lumpur. Prices are going higher every day, but the beans are not coming, he said. “We not only have to fight for beans, we’re also paying premiums.”
THE GLOBAL SHORTFALL OF BEANS MEAN ITS STARTING TO LIMIT SALES!
IT WILL BE DOUBLE WHAMMY FOR GCB, HIGH COCOA BEAN COST AND LOWER SALES…! RECIPE FOR VERY POOR PERFORMANCE
https://theedgemalaysia.com/node/705339
3 weeks ago
Take profit. Got in at 1.78 since then keep droping tot its gone case. Past two days offer life line. Quick quick take profit 22%. Thanks
3 weeks ago
“We are quite skeptical about selling a lot because we’re worried whether the beans will be delivered,” Tay said. “I rather sell the minimum, just in case, as long as my cashflows are healthy. I don’t want to commit to something that I cannot deliver.”
====={{{}}}}=====
This sentence worth to ponder..
3 weeks ago
Cos fund managers are tricking u guys… u guys enter then they sell and make money…
3 weeks ago
As a normal ikan bilis like u n me when see this shit "world shortage of bean , price cocoa surge historical higher can b more higher " , who going to buy this shit gcb in this period???
But look at the buy rate n volume , who buy it n push the price up??? Which ikan bilis brave to buy this shit after RM 2.0?? Every day they check London cocoa price in investing.com easyly
3 weeks ago
RUNNNNNN....THE EMPEROR HAS NO CLOTHES!!!
Bilises must have the discipline to just swim in the designated bilises' price zone
3 weeks ago
I first ventured into Guan Chong at about 0.70 in 2011. I am still trading within the 1.70 - 2.50 band. Handsomely rewarded. I can say the management team are decent people. Non predatory. They grow their business the organic way. Like any other businesses, there are good times and bad times.
3 weeks ago
@Bursino, as a experience veteran Gcb shareholder, could you share your taught about recent surge @ today price RM 2.20?
Is it the time to buy, sell or hold?
3 weeks ago
RUNNNNNN....THE EMPEROR HAS NO CLOTHES!!!
Bilises must have the discipline to just swim in the designated bilises' price zone
3 weeks ago
There are no correct answers. Participants are irrational. I trade within a certain band. I cleared my position when it hit 2.20.
3 weeks ago
Mine are free tickets. Just watch with pop corn in hands now.....yum seng
3 weeks ago
I hear OLAM group buy in GCB shares when the prices drop below 1.80, but don’t know it is true or not?
3 weeks ago
Fabien _the efficient capital allocator
With cocoa beans prices at historically all time high and supply deficits anticipated to worsen until next year, many cocoa processing plants have stopped or reduced processing as they can't afford to buy beans at high premium or unable to secure supply. Cocoa market has turned into a SELLER'S MARKET.
GCB will gain pricing power in this seller's market. There was time lag in cost pass through. This financial year, expect to see higher combined ratio and margin expansion to more than offset higher finance costs. As mentioned previously, GCB inventories increased by 75% to RM2.8billion, sufficient supply for the year. This is unprecedented times indeed, and GCB is in good position to gain more footprint and expand their market share.
I would not be surprised, if they can double their earnings in FY2024.
3 weeks ago
2024-03-22
Insider
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 450,600 shares on 19-Mar-2024.
3 weeks ago
Cocoa is more expensive than copper as it tops US$9,000
By Dayanne Sousa & Megan Durisin / Bloomberg
26 Mar 2024, 10:31 am
3 weeks ago
Economic 101. When raw product (cocoa) is short , thus demand exceeded supply. Price goes up. When cocoa short and at high price, down stream activities will need to pay higher in order to get the cocoa products from GCB. Similar during Covid, glove manufacturers enjoying super normal profits. Glove counters (listed) all hitting historic high. But please be cautious as this not sustainable in the long run once things normalise.
2 weeks ago
Any reason to buy GCB? They are facing cocoa shortage which directly impact their earnings. Do they own any cocoa farm? I find no reason to buy this counter & this is just my personal opinion
2 weeks ago
SCM2023 no reason so dun buy hehehehe don;t find any excuse for urself to buy this stock in this price .
2 weeks ago
RHB is bullish about GCB, Still, they expect lower FY24F-25F earnings
"We factor in higher bean prices, and additional working capital requirements resulting in lower FY24F-25F earnings by 10%."
2 weeks ago
Cocoa prices are soaring to record levels. What it means for consumers and why ‘the worst is still yet to come’
https://www.cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html?recirc=taboolainternal
2 weeks ago
Expect all cocoa products prices to surge due to shortage of raw material (cocoa) during this period. Buyers will need to pay higher to secure the cocoa products.
2 weeks ago
at current price, there is much more downside than upside. I would rather sell at this point if I own this share
2 weeks ago
I was busy for a month and did not do anything. Just studied a few stocks during public holiday. I was wondering what happened to GCB and thought cocoa bean price must have dropped. To my surprise, it went up further. To me, it is a sell.
2 weeks ago
in theory, raw material price go up = share price go down
but in GCB case, it went opposite because it someone manipulate it
SC/Bursa sila siasat!
2 weeks ago
Cocoa bean is the raw material.
The products are the refined cocoa butter and cocoa powder.
2 weeks ago
sifu said the boss is chinaman type, manipulate according to how many tickets in his hand and in ikan bilis hands, very hard to earn his money
2 weeks ago
EPF ceased to be a substantial shareholder. It will no longer require to make announcements on their trades.
1 week ago
someone push the price up, what if they pledge the share to get facility or other reason to ensure price no drop drastically.
1 week ago
CONSUMER Sector (KingKKK) - Unveiling Potential Q2 Stars: APOLLO, DLADY, SPRITZER, FFB, F&N, GCB, QL, MRDIY, NESTLE, BJFOOD
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-06-story-h-184609490-CONSUMER_Sector_KingKKK_Unveiling_Potential_Q2_Stars_APOLLO_DLADY_SPRIT
1 week ago
KUALA LUMPUR (April 9): The sharp rise in cocoa bean prices could lead to higher borrowing and leverage for cocoa grinders Guan Chong Bhd and JB Cocoa Sdn Bhd, a wholly-owned subsidiary of Singapore's JB Foods, according to MARC Ratings.
In a statement on Tuesday, MARC said it has downgraded its rating on the sukuk programmes of both companies from “stable” to “negative”.
https://www.klsescreener.com/v2/news/view/1307165/cocoa-price-surge-may-increase-borrowing-and-leverage-for-guan-chong-jb-cocoa-marc
6 days ago
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paktua73
wow tiba2 jer mencanak?
paktua tak sempat nak jump in woor
tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73
3 weeks ago