GUAN CHONG BHD
KLSE (MYR): GCB (5102)
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Last Price
2.23
Today's Change
0.00 (0.00%)
Day's Change
2.20 - 2.23
Trading Volume
80,900
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
11 people like this. Showing 50 of 3,958 comments
Forex loss could be more in the current qtr. Increasing USD to MYR badly impacted its finance. Its borrowings may be a burden due to increasing interest rates as well.
2022-11-22 15:36
Management may have no choice but to raise the price of its products to counter these factors.
2022-11-22 15:38
Guan Chong remains optimistic as it continues to book in increasing forward sales of its cocoa ingredients for the financial year ending December 31, 2023.
This was an indication of the continued resilient demand for cocoa ingredients, supported by recovery in global air travel and tourism, it said.
2022-11-24 05:38
Fabien _the efficient capital allocator
Enjoy the interview
https://www.youtube.com/watch?v=9PC6oZYRKss&t=629s
2023-01-02 17:54
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
>>>>
Posted by Fabien _the efficient capital allocator > 1 hour ago | Report Abuse
Enjoy the interview
https://www.youtube.com/watch?v=9PC6oZYRKss&t=629s
>>>>
Thanks for this video.
Guan Chong is not an easy business to run. From the video you can see how the first generations were affected. Today, it has grown big; yet not without its challenges. Look at the amount of debt it has to use to grow this business. The biggest is to hedge the cocoa inventories. Guan Chong has grown its market share as during the 2008 crisis, many European companies in similar business have given or scaled down.
In the video, Brandon Tay mentioned a particular company a few times. I think this company mentioned by Brandon Tay is definitely in a business with very strong economic moat; and probably will turn out to be a better business to invest into for the long term.
A company with poor economics, managed by the best manager, in the end, the company turns out the winner. Also it is better to own a great company at fair price than to own a fair company at great price.
Guan Chong may offer short term trading opportunities at times, but I think I will not be a long term investor in this business (just like many members of his very big family).
Just my opinion.
KEY STOCK DATA
P/E Ratio (TTM)
14.59(12/30/22)
EPS (TTM)
RM0.16
Market Cap
RM2.82 B
Shares Outstanding
1.17 B
Public Float
397.05 M
Yield
2.29%(12/30/22)
2023-01-02 19:51
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Market price $2.40 per share
Market cap RM2.82 B
2023-01-02 19:53
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Historical data 2011
Current Price (7/1/2011): 2.49
2009 Sales 642,649,516
Employees: 180
Market Cap: 597,600,000
Shares Outstanding: 240,000,000
Closely Held Shares: 167,840,000
Market cap of Guan Chong was RM 597,6 million in 2011.
Today its market cap is RM2.82 B.
Average Growth Rates Guan Chong Bhd
Past Five Years
Ending 12/31/2021 (Fiscal Year)
Revenue
+16.53%
Net Income
+14.01%
Earnings Per Share
+9.76%
Capital Spending
+50.60%
Gross Margin
+11.45%
Cash Flow
+22.68%
2023-01-02 20:04
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Historical data
23.11.2011
Price RM 2.510
PE 6.47x
DY 3.05%
Market cap 802.6m
ROE 53%
2023-01-02 20:06
From the buying queue, can be seen that, the price is effectively controlled .....
2023-01-06 16:57
B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 31 December 2022 of RM30.6 million as compared with the profit before tax of RM70.2 million in the preceding year corresponding quarter ended 31 December 2021. This is mainly due to reduced margin and higher finance cost due to higher interest rate during current quarter ended 31
December 2022.
2023-02-28 21:10
Profit from operation drops to 50.06m from 78,85m.
Financial cost rises to (19.60m) from (8.73m)
Tax expense reduced to (10,30m) from (20,13m)
2023-02-28 21:19
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Security LastPr PE DY% Divcts ROE ttm-marg
GCB (Food) 2.42 19.09 1.7 4 8.43 3.4
2023-03-30 17:16
Malaysian cocoa price:
https://www.koko.gov.my/lkm/loader.cfm?page=19
can't remember exactly, like milo is one of the major customers of GCB
2 months ago
You can check on global price, it is on bull trend, and gcb in doing monopoly biz, kind of weird the price drop so much, q3 result very bad?
https://tradingeconomics.com/commodity/cocoa
2 months ago
70% of the sale of GCB is in local area (Malaysia, S'porem Indon) while the other 30% is in Germany /others. Local price is much lower (~30%) than the international price.
2 months ago
The currency exposure profile of borrowings is as follows:
Group Company
2022
RM
2021
RM
2022
RM
2021
RM
United States Dollar 461,690,105 548,455,935 - -
Ringgit Malaysia 301,370,337 301,781,767 300,000,000 300,000,000
British Pound 227,053,801 350,590,916 - -
Euro 170,640,133 91,460,950 - -
1,160,754,376 1,292,289,568 300,000,000 300,000,000
1 month ago
FY23 to be a breakout year. The Ivory Coast plant is expected to reach near-full utilisation by end 1Q23, and could potentially generate MYR50- 90m profit pa at an optimal production level, with a 5-year tax free status. Meanwhile, the declining trend of energy costs and higher ASPs are expected to swing Schokinag’s operations back into the black (following a minor loss in FY22). In the UK, an annual capacity of 16k tonnes of industrial chocolate will be commissioned by mid-2023 and start contributing in 2H23.
1 month ago
https://www.reuters.com/business/retail-consumer/chocolate-makers-prospects-sour-cocoa-prices-spike-2023-08-18/
More pain to come for GCB, price movements trends lower low, no good at all. Will it test the 2020 low?
1 month ago
Still optimistic. With 70k metric tonne from the Ivory Coast plant (5-year tax free status) expected in 2H and a full-year contribution in FY24F, we remain optimistic on GUAN’s prospects. The Schokinag operations should continue to show strong performance from lower input costs and higher ASPs. The 16k tonne annual capacity of industrial chocolate plant in United Kingdom is also expected to start production in 2H23 as part of GUAN’s strategy to diversify into the higher-margin industrial chocolate marke
2 weeks ago
This stock you need to have holding power.
die die hold until the day the sun shines
one day it will
but when..?
2 weeks ago
buy on rumor sell on fact....buy now and wait for next earning report . december xmas sales will boost sales of choc . patient will reward when time come.
2 weeks ago
next earning may not as expectation, cocoa raw price hike to history high due to bad weather and drop 20% harvest. could impact on this.
1 week ago
aneh, raw cocoa price up but this Guan Chong up? guess they use artificial cocoa not natural cocoa that's why no impact
4 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
I recalled Guan Chong stocks up cocoa with each order they received. They did benefit when the price of cocoa goes up in the past too.
4 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Dec 2022
Raw Materials 1,092 million
4 days ago
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B1. Review of performance
The Group’s revenue of RM1,100.5 million for the current quarter ended 30 September 2022 is higher than the
revenue in the previous corresponding quarter ended 30 September 2021 of RM998.1 million. The increase of
10.3% in turnover is mainly due to improved selling price of cocoa solids and higher sales volume of cocoa butter.
B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 30 September 2022 of RM37.5 million as compared with the
profit before tax of RM41.7 million in the preceding year corresponding quarter ended 30 September 2021. This is
mainly due to mark to market currency loss as a result of weakening of MYR against USD and higher finance cost
due to higher interest rate during current quarter ended 30 September 2022. The reduction in profit is also partially
contributed by higher energy cost in Germany.
B3. Commentary of prospects
Energy cost in Q4 2022 is currently on a declining trend in the Western countries, especially in Germany. Besides
that, global freight rates have also lowered down and are close to normalizing. Chocolate consumption still
remains positive despite current high inflationary environment and chocolate demand is expected to maintain
stable growth.
We remain optimistic of our prospect as on top of the above indications, we continued to book in increasing
forward sales of cocoa ingredients for next year. In addition, our Ivory Coast factory has started commissioning
and is expected to run smoothly next year, anticipating additional contribution to our profit in FY2023.
With the higher interest rate, we will carefully look into our financing structure for investment and monitor our
inventory level closely, while working on mitigating the risk of currency exposure. The Group will remain its focus
on the core ingredient processing as well as expansion of the market of better margin industrial chocolate and the
optimization of production according to market conditions
2022-11-22 13:29