GUAN CHONG BHD
KLSE (MYR): GCB (5102)
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Last Price
2.26
Today's Change
-0.02 (0.88%)
Day's Change
2.25 - 2.28
Trading Volume
251,200
Overview
Market Cap
2,391 Million
NOSH
1,058 Million
Avg Volume (4 weeks)
300,712
4 Weeks Range
2.25 - 2.66
4 Weeks Price Volatility (%)
2.44%
52 Weeks Range
2.25 - 3.23
52 Weeks Price Volatility (%)
1.02%
Previous Close
2.26
Open
2.26
Bid
2.26 x 334,900
Ask
2.27 x 63,000
Day's Range
2.25 - 2.28
Trading Volume
251,200
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2021 [#4] | 21-Feb-2022
Next QR | Est. Ann. Date
31-Mar-2022 | 27-May-2022
T4Q P/E | EY
15.33 | 6.52%
T4Q DY | Payout %
1.74% | 26.64%
T4Q NAPS | P/NAPS
1.27 | 1.78
T4Q NP Margin | ROE
3.98% | 11.61%
Market Buzz
News and Blogs
Company Profile
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: FOOD& BEVERAGES
Subsector: FOOD& BEVERAGES
Description:
Guan Chong Bhd is engaged in investment holding, manufacturing, distributing and trading in compound chocolates, chocolate confectionery products, and cakes. The company conducts its business in Malaysia, Singapore, and Indonesia. It also makes industrial chocolates, chocolate beverages, cocoa liquor, cocoa butter, cocoa cake and cocoa powder. The group has cocoa processing plants in Malaysia and Batam, Indonesia, we have also cake grinding plant in the United States. Singapore region generates maximum revenue for the company.
Discussions
11 people like this. Showing 50 of 3,841 comments
Consumer discretionary set to outperform as a result of possible rate hike as early as Q2 2022
2021-09-17 07:46
Still very much subject to Tay's family if they are willing to dilute % of shareholding. Olam definitely will send someone to the BOD that's 2nd. It will be very interesting if terms from Olam want GCB solely sell GCB products to Olam, so Olam may have a chance to overtake BC.
Of course the most important question is the price offer irresistible.
2021-09-22 13:18
Big boss convert 11M WB >> mother share & acquire 11M shares from off market
2021-09-25 11:34
I believe the big boss 11M ordinary shares are from the conversion of warrant B, NOT purchased from off market..
2021-09-28 08:23
Fabien _the efficient capital allocator
According to Fortune Business Insights, the global organic cocoa market size was USD 532.45 million in 2020. The market is projected to grow from USD 570.95 million in 2021 to USD 942.57 million by 2028, exhibiting a CAGR of 7.42% during the forecast period.
2021-10-21 11:34
This is a company that did not benefit from the covid but have risk of getting taxed heavily.
2021-10-31 16:17
the tax is not at group level but at various subsidiary level. not sure how many of their subs make more than 100M
2021-11-06 18:00
Yup. Price is reasonable now. & for warrant lover can consider also. Now at 99 sen + convert to mother share 1.65. Cost at 2.64, which is 2 sen lower than today's mother share closing price.
2021-12-22 18:49
Since Guan Chong is on the manufacturing (downstream) side, do you guys think the margins will be affected by rising cocoa input prices? Or do you think the cost can be easily pass down to the consumers?
2022-02-03 14:11
check it out the Q4 2021 cocoa grinding volume. i think is record breaking in volume.
2022-02-16 21:40
GCB Technical Anlysis show move uptrend to RM 3.00 to RM 3.10 , chart pattern almost the same like Mar'21. Let see whether same history happen again.
2022-02-17 09:42
JayC.. need to see the margin improvement. but can see in collection mode. 1.62m at buy que during cling today. will cross and up above 3 soon
2 months ago
Want to compare this stock with its peers?
LVI: Food & Beverages Sector Price to EPS Peer Comparison (and economic moat)
https://klse.i3investor.com/web/blog/detail/VIE/2022-03-11-story-h1600...
2 months ago
investortrader88，
I already sold all Lct because oil price is too high. Lct prospect not good due to high raw materials price
2 months ago
@Nepo.i also sold miy little holdings lct.we share the same thinking bro
2 months ago
Fabien _the efficient capital allocator
The game changer comes when their processing facility at Ivory Coast commence operation in end 2Q or early 3Q. They would become more vertically integrated, able to drive better cost efficiencies and minimise supply chain risk as they able to source the beans from the origins and have better control of the supply chain. And via SCHOKINAG and establishment of subisi in UK, they would be able to supply directly to UK and Europe.
3 weeks ago
Fabien _the efficient capital allocator
Not forgetting, their annual bean griding capacity exceeding 300,000MT
3 weeks ago
With ivory coast, the profit margin should be higher, as they can save the freight cost. I'm still positive on the growth, let see how is the EPs for q3, hope that it is promising
2 weeks ago
The Star
28 April 22
KUALA LUMPUR: Guan Chong Bhd (GCB) is cautiously optimistic with the company’s near-term prospects as beyond short-term shocks, the year 2022 has shown signs of being an international year of recovery, spurred by loosening pandemic restrictions and newly reopened borders.
Chairman Tan Ah Lai said the group faced another challenging year in financial year 2021 (FY2021) as the protracted COVID-19 pandemic and geopolitical tensions contributed to global inflation and supply chain disruptions.
"We are operating within an undeniably turbulent macroeconomic environment where existing imbalances caused by the COVID-19 pandemic have been exacerbated by the ongoing Russia-Ukraine conflict, creating a knock-on effect on consumer demand, business confidence and the global supply chain.
"Despite the sluggish global economy and logistical challenges, customers’ demand for cocoa-derived ingredients remained strong in 2021, resulting in a good increase in our production capacity and turnover compared to 2020. However, due to the fall in cocoa butter prices, we have recorded lower profitability in 2021,” he said in the FY2021 annual report.
He shared that numerous major events have impacted the cocoa grinding industry since its inception in the 1980s, however, the company had surmounted its previous challenges to rise to the ranks of becoming a leading global cocoa grinder.
Moving forward, Tan said that with chocolate consumption already on an upward trend, the resumption of global travel is likely to drive increased chocolate consumption.
To seize the opportunity of the economic recovery, the group had strengthened its position as a prominent global player in the cocoa supply chain, which saw many of its ongoing initiatives now reaching fruition.
Among them, he said the group’s Ivory Coast phase one factory is approaching completion while the planned construction of a new chocolate producing facility in the United Kingdom is set to conclude in FY2022, and GCB had also successfully enhanced the profitability, operational efficiency and improved utilisation of capacity for its German subsidiary SCHOKINAG.
"Our recent expansion into Europe, known for its high levels of chocolate consumption has placed us in a prime position to capitalise on the strong demand. At the same time, the commencement of cocoa grinding operations at our facility in Ivory Coast will also see us begin to reap the fruits of our ‘close to source’ and ‘close to market’ expansion policies.
"Our newfound ability to source cocoa beans directly will provide us with a shorter bean-to-ingredient cycle compared to our other facilities, mitigate future supply chain risks, and provide us greater control over our production and logistic operations,” he said.
To boost efforts in widening our European footprint, he said the group planned to allocate RM50 million in capital expenditure to upgrade SCHOKINAG’s existing chocolate production lines and set up additional machineries to increase production capacity at the SCHOKINAG plant during 2022.
"With these expansion plans coinciding fortuitously with the expected uptick in global economic growth during FY2022, we remained optimistic in significantly furthering the GCB brand as a key multinational player in the global cocoa and chocolate supply chain in the coming year,” he noted.
Tan said the group's past progressive expansion had now put GCB as the world’s fourth-largest cocoa grinding company, with a total of 277,000 tonnes in annual bean grinding capacity which provides them with both the scale to mitigate against any supply-side shocks and the financial clout to overcome any dips in global demand.
On Europe as a hub for growth in the mid-to-long term, he said the group will continue to expand its presence in Germany and the United Kingdom, while constantly monitoring its investment to adapt to the market trends.
He said that with the planned RM50 million to be invested in upgrading SCHOKINAG’s existing chocolate production lines, its annual industrial chocolate production capacity will increase by 10,000 tonnes.
"Our global expansion strategy, which was planned in the years prior to the pandemic and is coming to fruition, set the stage for a resurgent performance as the world enters the ‘new normal’, securing our place as a key multinational player in the global chocolate supply chain.
"These expansion plans are targeted to be completed by the end of 2022, with the benefits expected to be realised from 2023,” he added. - Bernama
2 weeks ago
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Olam expansion world wide..!
2021-09-06 14:28