Thursday, 14 Dec 2023 6:06PM GCB HIA CHENG (5,250,000 units Transacted) 6:06PM GCB EMPLOYEES PROVIDENT FUND BOARD (556,400 units Acquired) 6:06PM GCB HIA CHENG (5,250,000 units Transacted) 6:06PM GCB TAY HOE LIAN (380,000 units Acquired) Tuesday, 12 Dec 2023 5:16PM GCB HIA CHENG (500,000 units Acquired) 5:16PM GCB EMPLOYEES PROVIDENT FUND BOARD (500,000 units Acquired) 5:16PM GCB HIA CHENG (500,000 units Acquired) Monday, 11 Dec 2023 5:52PM GCB EMPLOYEES PROVIDENT FUND BOARD (500,000 units Acquired)
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 12/12/2023 Acquired 100,000 - 2. 13/12/2023 Transferred 4,000,000 - 3. 13/12/2023 Acquired 1,150,000 - Circumstances by reason of which change has occurred:
B1. Review of performance The Group’s revenue of RM1,285.9 million for the current quarter ended 30 September 2023 is higher than the revenue in the previous corresponding quarter ended 30 September 2022 of RM1,100.5 million. The increase of 16.85% in turnover is mainly due to higher selling price for cocoa butter, cocoa solids and industrial chocolate.
B2. Comment on material change in profit before tax The Group made a profit before tax for the quarter 30 September 2023 of RM41.6 million as compared with the profit before tax of RM37.5 million in the preceding year corresponding quarter ended 30 September 2022. This is mainly due to higher selling price in cocoa products and industrial chocolate. However, the increase offset against the higher finance cost due to higher interest rate during current quarter ended 30 September 2023.
B3. Commentary of prospects The cocoa industry has endured challenges in the global macro environment this year, influenced by factors such as rising interest rates and global inflation. Besides, the El Niño weather phenomenon, black pod diseases and swollen shoot virus have contributed to reduced supply, thereby resulting in the rally of cocoa prices. Despite the challenging backdrop, and even as cocoa prices in the London market reached a record 46-year high, the demand for chocolate products remains resilient. The Group continues to vigilantly monitor global developments and adapt its growth strategy accordingly for the long-term sustainability of the business. The Group foresees that these adverse market conditions are affecting its performance in the short term; nevertheless, it maintains optimism about the long-term outlook. Looking ahead, the Group will maintain its focus on its core business of cocoa ingredient processing while also expanding into the higher-margin industrial chocolate market and optimizing production based on market conditions.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nepo
3,415 posts
Posted by Nepo > 2023-12-08 11:16 | Report Abuse
Attack is the best defense..
Reference price RM1.84 on 8 Dec 23