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GCB has inventory between 6 - 8 months... next Quarter will be milking them at current market price.. but they also need to replenish their stocks..
Hence, best not to take new customer n only serve existing....
if unlist during this critical time ( high raw materials cost), then you have no way to ask public for funding(just in case), i.e right issue...to fund the daily operation and/or book forward for its cocoa beams raw materials cost..
hello friend hahaha , now is less cocoa supply not NO cocoa supply . africa tht few country there still need cocoa to survive . cocoa supply estimate decrease 11% in this season ... cocoa tree still there , dont panic
ZURICH, April 10 — Barry Callebaut, the world’s biggest supplier of chocolate to the food industry, said today that the surge in global cocoa prices had chipped away at profits.
Still BUY, with new MYR3.30 TP from MYR2.70, 29% upside and c.2% yield. We remain bullish on Guan Chong’s anticipated robust performance in FY24F, driven by margin expansion (higher ratio and revenue). There is still substantial upside to the share price as we think the market has underestimated sustainable earnings potential from its newfound pricing power, bolstered by limited capacity and resilient demand despite prolonged elevated cocoa bean prices. These unprecedented conditions have provid
Nonetheless, the outlook remains bullish due to the persistent uncertainty regarding global supplies. Adverse weather conditions, aging cocoa trees, and crop diseases continue to affect West Africa, which accounts for more than half of global output. Acute shortages have already prompted top growers Ivory Coast and Ghana to delay deliveries.
B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 31 March 2024 of RM110.3 million as compared with the profit
before tax of RM30.0 million in the preceding year corresponding quarter ended 31 March 2023. This is mainly
due to higher selling price for cocoa butter and increased sales volume for cocoa solids. However, the increase
offset against the higher finance cost due to higher interest rate during current quarter ended 31 March 202