Net income doubled to 189.3 million ringgit ($45.8 million) last year, and 2019 “is looking as good as last year” because of increased capacity and sustained margins.
GCB is the last time Scientx, Hapseng, VS, if you miss this strong bull trend, then you may just wait slowly for another potential strong upward counter. Still not so much people knowing this stock, just let it up quietly until everyone starts talking about it.
Looks like it has bottomed out at RM3.94? If I am correct, we may see another breakout very very soon. I think this coming one will be more powerful than the previous 38-sen rise. In the meantime, I will sit back and eat chocolate and drink choco milk....Huat ah!
$JB Foods(BEW.SI) Net profit rose 6.6% to US$5.0 million on the back of 5.9% increase in revenue due to strong cocoa demand. Group's profitability remained stable...
Hey! Today, R-Table will be covering Guan Chong Berhad by presenting 10 years financial results in a short, fun & interesting way. Click the link below to watch the video.
still looking good despite our market condition, but be aware that AGM and QR gonna come out soon. Fundametal history of this company showing a good profit and growth. Technically, a bullish engulfing is formed near support level on the last trading day, MA7-MA20 also showing that this counter on its average price level that indicates low risk for entry. Set this counter as a watchlist for potentially good investing.
For counters daily updates, Technical and Fundamental Analysis and TP WhatsAp @ +60 108599233
I told ya, it will be justified by better future earnings. Crazy bull riding on this stock. Demand increasing, cocoa price increasing, production increasing, go to the moon la!
The horse mouth mentioned actually they are low debt company when you understand their forward purchase and sell to customer. Doubter pls cont stay away and be safe.
Trade Line is just like Account Payable. Instead of old the supplier, the companies convert the Letter of Credit into Trust Receipt.
Trust Receipt (TR) is a type of short-term import loan to provide the buyer with financing to settle goods imported under Letter of Credit where title of goods is held by the bank. Under a TR arrangement, the Bank retains title to the goods but allows the buyer to take possession of the goods on trust for resale before paying the Bank on TR due date. TR financing is applicable to goods imported under documentary credit.
Benefits of trade line is enjoy credit terms pre-approved by the Bank, with principal and interest only payable on maturity so that Buyer’s working capital or cash flow is not tied up and can be deployed for other business purposes.
Normally higher trade line usage will be associated with higher business volume. Unlike Term Loan / Overdraft where the money will be used for working capital / overhead or capital expenditure.
Follow the boss. You won't go wrong. Going for shariah compliance and potential private placement. Boss no rush to do it. Perhaps placee is pushing for shariah compliance. Guess who?
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Posted by Qwertyuiop > 2019-04-22 21:00 | Report Abuse
Gcb is up not due to Bandar Malaysia, they are not selling cocoa in bandar msia. LOL