No need insider to tell you this is undervalued. Simple person without any econs degree also know they are under valued, provided Sugar and Cocoa prices remain at the current level.
I agree with rdragon. I've been holding this stock since RM1.90, I'm very familiar with their movement, this kind of shooting may means something is about to be announced. Steady up is totally different from this kind of shoot
cannot deny that GCB is a good counter for long term.... but price been jerk up too much early this month.... and no chart will go up indefinitely and i believe there will be a correction until 2.60 before it goes back uptrend....
Cocoa price remain low, 2018 confirm can achieve EPS 35 or even more. Tats mean PE below 7.8. I will keep on accumulated if price drop. Shud top up my fund here instead of buying GenM sigh...
hi GCB.. just bought a small position after today's breakout from rounding top pattern. good company technicals and fundamentals.. only thing is profit margin is quite low, around 5%
my biggest worry is the D/E ratio and gearing ratio, too much loans. I understand it is a factory and needs money for PPE and expansion, but I'm not sure management sees it as a problem. also profit margin around 5% as mentioned before.
key risks seems to be large amounts of borrowings, interest rate risk on loan, rising MYR strength, and cocoa commodity seems to be recovering from the crash.
will hold and see if GCB plays out well after 4Q18, otherwise selling at cutloss at 21SMA support of 2.75.
hahaha. May be is good result. But it may be also the last chance can sell at high price because the sugar price and cocoa price are increasing. Last year really is a good year because the sugar price almost drop to the lowest price in the past 10 years. Monitor closely. Cash is the king especially the market now are so uncertainty.
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Bigbull99
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Posted by Bigbull99 > 2018-11-19 10:24 | Report Abuse
No need insider to tell you this is undervalued. Simple person without any econs degree also know they are under valued, provided Sugar and Cocoa prices remain at the current level.