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Chee Wei Liew ,their business model Hedging is a mst ,jst like Airasia oso hedging in oil ..in this adnormal cocoa bean price GCB not in comfort zone ,every single step mst be very becareful .singapore Hin Leong Trading as a oil trading giant oso die in mistake in Hedging oil..gcb more prefer cocoa bean price back to normal but not in this adnormal expensive .
finance cost too high and they accumulate over 2 billion expensive bean mayb including future contract or current contract .if cocoa bean price drop sharply in few month later ,they mayb facing sum big lose in future contract .if US drop into ressesion ,cocoa bean and chocolate material demand may drop and effect the QR result..they use many high interest rate bank loan to do hedging like gambling,pray cocoa price drop slowly and slowly ...if drop sharply .GCB may facing finance crisis
the Motors division undertook a strategic review of its
operations and as a result, made impairments of RM229 million during the quarter. Excluding
these one-off items, the division’s PBIT decreased by 36.7 per cent, largely due to losses at
the division’s Chinese Mainland operations