GUAN CHONG BHD

KLSE (MYR): GCB (5102)

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Last Price

3.01

Today's Change

+0.20 (7.12%)

Day's Change

2.80 - 3.08

Trading Volume

3,812,200


13 people like this.

4,266 comment(s). Last comment by ScotFree 4 weeks ago

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-09 15:49 | Report Abuse

im back

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-09 16:07 | Report Abuse

pump n dump...watch the trend guys

Agjl

5,763 posts

Posted by Agjl > 2019-12-09 16:25 | Report Abuse

Kilady...u pump and dump?

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-09 16:33 | Report Abuse

ishhh

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-09 16:34 | Report Abuse

sold and bought back only.

Agjl

5,763 posts

Posted by Agjl > 2019-12-09 16:41 | Report Abuse

Being a solid counter has its down fall. Rebound too fast cant get it

Agjl

5,763 posts

Posted by Agjl > 2019-12-09 16:42 | Report Abuse

Q at 2.80, warant q at 1.42. All tak dapat

Posted by Iam Marcusa > 2019-12-10 11:28 | Report Abuse

today u can q again wb 1.42 might get it XD. now seems moving south

Agjl

5,763 posts

Posted by Agjl > 2019-12-10 14:15 | Report Abuse

Already Q 7 early 8 early

Posted by Noobster2019 > 2019-12-11 13:07 | Report Abuse

Cb this is the price I sold.. No bullet ad.. Wait I gain more on other counter then buy back.. U think still got chance to reach 2.8?

Posted by investortrader88 > 2019-12-11 19:26 | Report Abuse

Date Price Target Source

News

11/12/2019 3.49 AmInvest

News

30/09/2019 4.85 KENANGA

gemfinder

6,880 posts

Posted by gemfinder > 2019-12-11 19:27 | Report Abuse

Wow aminvest start coverage tp 3.45

Kei2

96 posts

Posted by Kei2 > 2019-12-11 19:42 | Report Abuse

Can share link for the aminvest?

gemfinder

6,880 posts

Posted by gemfinder > 2019-12-11 19:44 | Report Abuse

Look below la bro... inside tis blog hv ma

Kei2

96 posts

Posted by Kei2 > 2019-12-11 19:58 | Report Abuse

Ok tq. Using apps. Don’t know how to navigate. Thanks again

Agjl

5,763 posts

Posted by Agjl > 2019-12-11 20:50 | Report Abuse

Wow!!! All kind of TP keep
Coming up. I gona have wet dream tonight

Agjl

5,763 posts

Posted by Agjl > 2019-12-11 20:50 | Report Abuse

That makes today’s closing price a good bargain

lching

1,402 posts

Posted by lching > 2019-12-11 21:01 | Report Abuse

someone "kixiao" to convert WB to mother share.....

Kei2

96 posts

Posted by Kei2 > 2019-12-11 21:05 | Report Abuse

That makes my top up at 2.87 worth while.

Posted by investortrader88 > 2019-12-11 21:31 | Report Abuse

AmInvest Research Reportsclick to expand contents

Guan Chong - Go loco over cocoa

Author: AmInvest Publish date:  Wed, 11 Dec 2019, 3:03 PM

Close

Investment Highlights

We initiate coverage on Guan Chong with a BUY call and fair value of RM3.49/share based on an FY21F PE of 13x. Our P/E is at a discount to the group’s international peer’s average forward P/E of 19x. The discount is placed because its peers have a more integrated downstream/upstream operation whereas Guan Chong is a pure upstream player. We believe that the PE of 13x is justified given the group’s strong market position as the 4th largest cocoa grinder in the world as well as its upcoming growth plans.

Guan Chong has flourished in recent years, transforming itself into the world’s 4th largest supplier in the oligopolistic cocoa grinding market with its latest acquisition and expansion, increasing its capacity to 250K MT per annum.

We highlight the following key investment merits: 1) The resilient outlook in the global chocolate confectionery sector underpinned by: (i) rising disposable income; (ii) improved retail distribution; and (iii) changing lifestyles resulting in the emergence of the preference for dark chocolate. This is further buoyed by the recent uptick in demand for cocoa powder in Asia. 2) To capitalize on growth prospects, Guan Chong has put in place an expansion plan in Ivory Coast to benefit from direct sourcing of cocoa beans as well as to tap into the biggest market of consumer chocolate confectionery in Europe. There has been a shift in approach of the world’s top 3 cocoa grinders whereby they are increasingly relying more on external supply of cocoa-food ingredients as the manufacturers focus more on chocolate confectionery manufacturing. This means that Guan Chong’s output can easily be taken up to cater to the chocolate confectionery manufacturers’ requirements.

We expect Guan Chong’s earnings to grow by 4.6% and 22.4% in FY20–21F driven largely by: (1) increasing contribution from its expansion plans; (2) better margins due to improved cocoa powder pricing and raw material hedging; and (3) organic growth in the chocolate confectionery market which will increase the demand for cocoa-derived food ingredients.

Source: AmInvest Research - 11 Dec 2019

Agjl

5,763 posts

Posted by Agjl > 2019-12-11 22:03 | Report Abuse

All the above are old news and pre bonus. All the earnings figures are pre bonus i suppose. All make ot so confusing for new comers

Agjl

5,763 posts

Posted by Agjl > 2019-12-11 22:04 | Report Abuse

Except Aminvest is more current

SpotOn1

158 posts

Posted by SpotOn1 > 2019-12-11 23:51 | Report Abuse

investortrader88 pls dont confused others with old articles

Outliar

302 posts

Posted by Outliar > 2019-12-11 23:54 | Report Abuse

Wondering why there isn't much of an interest here from the more well known investors on this forum like Icon and Phillip. Extremely high ROC, earnings growth, revenue growth, Decent EBIT/EV to boot.

Agjl

5,763 posts

Posted by Agjl > 2019-12-12 00:03 | Report Abuse

Outliar....There r but some just chose to be silent and reap the fruits

Posted by investortrader88 > 2019-12-12 07:54 | Report Abuse

♦ RHBIB

Dear Valued Client,
*Trading Stocks*
Date/日期 : 11/12/2019

1) *JOHOTIN (7167)*
Price/现价 : 1.81
Target price/目标价: 1.90/2.00
Cut loss/止损价 : 1.68
**Syariah
Sector/领域: CONSUMER PRODUCT

2) *FPGROUP (5277)*
Price/现价 : 0.685
Target price/目标价: 0.75/0.80
Cut loss/止损价 : 0.62
**Syariah
Sector/领域: INDUSTRIAL PRODUCT

3) *COASTAL (5071)*
Price/现价 : 1.28
Target price/目标价 : 1.45/1.55
Cut loss/止损价 : 1.22
**NON Syariah
Sector/领域 : ENERGY

4) *SAMCHEM (5147)*
Price/现价 : 0.725
Target price/目标价: 0.755/0.80
Cut loss/止损价 : 0.68
**NON Syariah
Sector/领域: INDUSTRIAL PRODUCT

5) *QL (7084)*
Price/现价 : 7.60
Target price/目标价 : 8.00/8.50
Cut loss/止损价 : 7.35
**Syariah
Sector/领域: CONSUMER PRODUCT

6) *GCB (5102)*
Price/现价 : 2.92
Target price/目标价: 3.30/3.50
Cut loss/止损价 : 2.70
**Syariah
Sector/领域: CONSUMER PRODUCT

Source : RHB RESEARCH INSTITUTE

_*Disclaimer*:This message is for information purposes only. Reproduction or dissemination to third party is prohibited. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks . Investors should make their own informed decisions by consulting your own independent adviser(s) before investing. We accept no responsibility or liability for loss or damage that may arise from the reliance of this message. For the full information regarding the stocks mentioned herein please refer to the relevant websites._

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-12 12:42 | Report Abuse

can start buying back i guess...

Agjl

5,763 posts

Posted by Agjl > 2019-12-12 14:48 | Report Abuse

Buying for next quarter results...hopefullY Gong Xi Fatt Chai

Agjl

5,763 posts

Posted by Agjl > 2019-12-12 15:17 | Report Abuse

From the look of it...there are always some ppl collecting when it fall...thus the fall may be big intraday but always closed the day marginal drop. Collecting patiently....

Agjl

5,763 posts

Posted by Agjl > 2019-12-12 15:18 | Report Abuse

Kilady....could tat be you? Senyap senyap collecting?

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-12 16:45 | Report Abuse

haha .. no lah fully invested for now

Agjl

5,763 posts

Posted by Agjl > 2019-12-12 17:08 | Report Abuse

:) kilady

Kei2

96 posts

Posted by Kei2 > 2019-12-12 23:17 | Report Abuse

Friday Supermarket

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 14:15 | Report Abuse

Was reading the forum at serba, those mentioned that the free warrant has a set ceiling price. Dun understand. Anyone can shed some lights? Cos GCB frre warrant price has set a base price but went beyond that based on supply and demand.

Kei2

96 posts

Posted by Kei2 > 2019-12-13 14:29 | Report Abuse

Current conditions is bcoz limit up.
I think tomorrow also will limit up.

slts

2,236 posts

Posted by slts > 2019-12-13 15:04 | Report Abuse

ceiling = limit up

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 19:39 | Report Abuse

Kei2.. i see. Thanks

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 19:41 | Report Abuse

Didnt realised its reference price is low. Was keep comparing GCB free warrant. I guess our warants are better deal

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 19:41 | Report Abuse

Kei2... unfortunately no supermarket today though its friday

Kei2

96 posts

Posted by Kei2 > 2019-12-13 19:59 | Report Abuse

GCB warrants is superb. Sold my warrants. But still holding shares

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 21:02 | Report Abuse

Kei2...couldnt agreed more

Agjl

5,763 posts

Posted by Agjl > 2019-12-13 21:02 | Report Abuse

Thus still holding warrants and mother. One happy family still intact

longranger

220 posts

Posted by longranger > 2019-12-17 07:37 | Report Abuse

will get 100% return when africa factory in operation. 2 yrs from now i guess.

gemfinder

6,880 posts

Posted by gemfinder > 2019-12-17 08:51 | Report Abuse

its time to go above rm3

kllady_fidah

1,700 posts

Posted by kllady_fidah > 2019-12-17 12:00 | Report Abuse

yeah

gemfinder

6,880 posts

Posted by gemfinder > 2019-12-17 13:50 | Report Abuse

after lunch got show?

slts

2,236 posts

Posted by slts > 2019-12-17 14:27 | Report Abuse

merry merry xmas is coming

Agjl

5,763 posts

Posted by Agjl > 2019-12-17 15:14 | Report Abuse

Past few days this forum very quiet cos jo actions

Agjl

5,763 posts

Posted by Agjl > 2019-12-17 15:17 | Report Abuse

Today got a bit actions all come out now.:)

Agjl

5,763 posts

Posted by Agjl > 2019-12-17 15:20 | Report Abuse

Strong resistance at 2.98

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