KLSE: GCB (5102)       GUAN CHONG BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.42   0.00 (0.00%)  2.35 - 2.42  209,100
Analyze this stock with MQ Trader system


Market Cap: 2,843 Million
NOSH: 1,175 Million
Avg Volume (4 weeks):447,600
4 Weeks Range:2.19 - 2.59
4 Weeks Price Volatility (%):
52 Weeks Range:2.02 - 2.80
52 Weeks Price Volatility (%):
Average Price Target: 3.47
Price Target Upside/Downside: +1.05
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  28-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  30-May-2023
T4Q P/E | EY: 19.09  |  5.24%
T4Q DY | Payout %: 1.30%  |  24.81%
T4Q NAPS | P/NAPS: 1.3959  |  1.73
T4Q NP Margin | ROE: 3.37%  |  9.08%


Date Subject
09-Mar-2023 Consumer - Continued growth on resilient domestic spending
02-Mar-2023 Guan Chong - Dampened by lower margins
01-Mar-2023 Guan Chong - Hurt by low butter ratio
01-Mar-2023 Guan Chong - Looking Forward to a Breakout Year in 2023; BUY
28-Feb-2023 MQ Market Updates - 28 February 2023
16-Jan-2023 Stock on Radar - Guan Chong
08-Dec-2022 Consumer Products - Cherry-Picking Amidst Challenges Ahead
29-Nov-2022 Guan Chong - Ivory Coast's new capacity to spur growth
29-Nov-2022 Guan Chong - All Set to Reach the Next Milestone; Still BUY
23-Nov-2022 Guan Chong - Ivory Coast to Fuel Growth in FY23F; Keep BUY
23-Nov-2022 Guan Chong - Squeezed by higher production costs
23-Nov-2022 Guan Chong’s 3Q Earnings Down 11% on Forex Losses, Revenue Up 10%
22-Nov-2022 MQ Market Updates - 22 November 2022
20-Sep-2022 Daily technical highlights – (GCB, MRDIY)
19-Sep-2022 Consumer - Macro headwinds weigh on prospects
17-Aug-2022 【行家论股】源宗集团 下半年业绩续亮眼
17-Aug-2022 MQ Market Updates - 17 August 2022
17-Aug-2022 Technical View - Guan Chong Berhad
17-Aug-2022 Guan Chong - Charting a Steady Earnings Recovery; BUY
17-Aug-2022 Guan Chong - Demand recovery remains intact

Business Background

Guan Chong Bhd is engaged in investment holding, manufacturing, distributing and trading in compound chocolates, chocolate confectionery products, and cakes. The company conducts its business in Malaysia, Singapore, and Indonesia. It also makes industrial chocolates, chocolate beverages, cocoa liquor, cocoa butter, cocoa cake and cocoa powder. The group has cocoa processing plants in Malaysia and Batam, Indonesia, we have also cake grinding plant in the United States. Singapore region generates maximum revenue for the company.
Trade this stock with T+7 trading account. Find out more.

  11 people like this.
Nepo https://www.chinatimes.com/realtimenews/20220903003506-260410
06/09/2022 7:57 PM
Nepo Europe energy crisis

07/09/2022 5:48 AM
Nepo https://www.sinchew.com.my/20220906/%E4%BF%84%E7%BD%97%E6%96%AF%E4%B8%8D%E6%81%A2%E5%A4%8D%E5%AF%B9%E6%AC%A7%E6%B4%B2%E4%BE%9B%E6%B0%94-%E9%99%A4%E9%9D%9E%E8%A7%A3%E9%99%A4%E5%88%B6%E8%A3%81/
07/09/2022 6:17 AM
Nepo Ha Europe countries deserve it. If your head is not big enough then wondering why you wear so BIG hat. You deserve it.
07/09/2022 6:19 AM
Nepo https://www.chinatimes.com/realtimenews/20220908001508-260410
08/09/2022 9:19 PM
Nepo Can buy GCB now at RM 2.33 because all bad news has been reflected in the price.

Buy in
08/09/2022 9:21 PM
HowAh opps... now 2.19 only.... howah?
30/09/2022 10:04 PM
2Invest Dear HowAh.

That's very subjective question. Every investors here may have difference thought/action.

My personal view it is a buy call if you have excessive cash. But be ready for the next 2-3 years market turbulent.

Sell if you may need to use $$ that you have invested in the near future before it is too late
03/10/2022 10:53 AM
Nepo http://www.ftchinese.com/story/001097440?full=y&archive
04/10/2022 5:48 AM
Nepo most probably this share will fall below RM2..
05/10/2022 12:02 PM
Nepo standby to top up at RM 1.65
05/10/2022 12:03 PM
jamestecs Very good offer, don't bet it.
06/10/2022 11:04 AM
Tangtanggood Already buy it. Believing on its great potential
11/10/2022 9:21 AM
Nepo believing is one thing..
buy at super worthy low price is another thing
11/10/2022 10:10 AM
Tangtanggood @Nepo, you will buy at RM1.65?
11/10/2022 12:29 PM
Nepo @Tang
Yes going to. hopefully can reach at that price
11/10/2022 2:56 PM
firehawk Will buy at 1.80 :-)
11/10/2022 3:59 PM
Nepo omg drop into deep deep deep steep valley.
21/10/2022 8:05 AM
Nepo Can sb pull me up, in deep shxt hole, help me

21/10/2022 9:52 PM
Nepo This stock is stabilizing.
Trend already reverse
The worst is over
Can buy now @2.09
Date : 7 Nov 22
07/11/2022 11:25 AM
Tangtanggood @Nepo, so cannot buy at RM1.65 ady?
07/11/2022 1:20 PM
Nepo @Tangtanggood.
Now waiting for QR
if QR not good, then die lor, stock tumble..
if QR maintain or good, then most probably will hold at current price..
08/11/2022 9:22 AM
Brutus Was very surprised that the WB conversion took only 3 market days to be credited to my account. On the memo it stated 8-10 market days.
08/11/2022 2:22 PM
Nepo @Brutus
mind sharing the purpose of your warrant conversion?
is it for the purpose of profit taking?
09/11/2022 2:15 PM
kingoftradings warant oredi expired.... when qr good, will fly to the moon
09/11/2022 2:56 PM
Brutus @Nepo, the purpose of the warrant conversion is to convert the warrant into mother share @ RM 1.65/share.
09/11/2022 5:31 PM
Nepo die, no more bullets already..
now lying flat & waiting to be slaughtered..
10/11/2022 11:39 AM
firehawk Going to announce good Q result?
16/11/2022 3:39 PM
Brutus Most likely as they will benefit from weak RM-USD exchange. Their 6MFY22 already achieved 63% of FY21 profits. Hoping they will declare another dividend in the Q3 QR.
16/11/2022 4:43 PM
Nepo B1. Review of performance
The Group’s revenue of RM1,100.5 million for the current quarter ended 30 September 2022 is higher than the
revenue in the previous corresponding quarter ended 30 September 2021 of RM998.1 million. The increase of
10.3% in turnover is mainly due to improved selling price of cocoa solids and higher sales volume of cocoa butter.
B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 30 September 2022 of RM37.5 million as compared with the
profit before tax of RM41.7 million in the preceding year corresponding quarter ended 30 September 2021. This is
mainly due to mark to market currency loss as a result of weakening of MYR against USD and higher finance cost
due to higher interest rate during current quarter ended 30 September 2022. The reduction in profit is also partially
contributed by higher energy cost in Germany.
B3. Commentary of prospects
Energy cost in Q4 2022 is currently on a declining trend in the Western countries, especially in Germany. Besides
that, global freight rates have also lowered down and are close to normalizing. Chocolate consumption still
remains positive despite current high inflationary environment and chocolate demand is expected to maintain
stable growth.
We remain optimistic of our prospect as on top of the above indications, we continued to book in increasing
forward sales of cocoa ingredients for next year. In addition, our Ivory Coast factory has started commissioning
and is expected to run smoothly next year, anticipating additional contribution to our profit in FY2023.
With the higher interest rate, we will carefully look into our financing structure for investment and monitor our
inventory level closely, while working on mitigating the risk of currency exposure. The Group will remain its focus
on the core ingredient processing as well as expansion of the market of better margin industrial chocolate and the
optimization of production according to market conditions
22/11/2022 1:29 PM
Nepo Latest QR result look ok and acceptable
22/11/2022 1:30 PM
Tangtanggood yup waiting for Ivory branches next year
22/11/2022 1:44 PM
Calvin882 Forex loss could be more in the current qtr. Increasing USD to MYR badly impacted its finance. Its borrowings may be a burden due to increasing interest rates as well.
22/11/2022 3:36 PM
Calvin882 Management may have no choice but to raise the price of its products to counter these factors.
22/11/2022 3:38 PM
Nepo Guan Chong remains optimistic as it continues to book in increasing forward sales of its cocoa ingredients for the financial year ending December 31, 2023.

This was an indication of the continued resilient demand for cocoa ingredients, supported by recovery in global air travel and tourism, it said.
24/11/2022 5:38 AM
Nepo https://www.enanyang.my/node/513100

No worry, latest Germany GDP still ok
26/11/2022 7:20 PM
Nepo Buy in
26/11/2022 10:56 PM
Nepo https://www.rfi.fr/cn/%E9%9D%9E%E6%B4%B2/20221126-%E9%9D%9E%E6%B4%B2%E5%8F%AF%E5%8F%AF%E8%B1%86%E7%9A%84%E5%B8%82%E5%9C%BA%E6%9C%AA%E6%9D%A5%E5%9C%A8%E4%BA%9A%E6%B4%B2
27/11/2022 11:59 AM
Nepo Top up @ RM 2.45
16/12/2022 9:40 PM
Fabien _the efficient capital allocator Enjoy the interview
02/01/2023 5:54 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>>
Posted by Fabien _the efficient capital allocator > 1 hour ago | Report Abuse

Enjoy the interview


Thanks for this video.
Guan Chong is not an easy business to run. From the video you can see how the first generations were affected. Today, it has grown big; yet not without its challenges. Look at the amount of debt it has to use to grow this business. The biggest is to hedge the cocoa inventories. Guan Chong has grown its market share as during the 2008 crisis, many European companies in similar business have given or scaled down.

In the video, Brandon Tay mentioned a particular company a few times. I think this company mentioned by Brandon Tay is definitely in a business with very strong economic moat; and probably will turn out to be a better business to invest into for the long term.

A company with poor economics, managed by the best manager, in the end, the company turns out the winner. Also it is better to own a great company at fair price than to own a fair company at great price.

Guan Chong may offer short term trading opportunities at times, but I think I will not be a long term investor in this business (just like many members of his very big family).

Just my opinion.

P/E Ratio (TTM)
Market Cap
RM2.82 B
Shares Outstanding
1.17 B
Public Float
397.05 M
02/01/2023 7:51 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Market price $2.40 per share
Market cap RM2.82 B
02/01/2023 7:53 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Historical data 2011

Current Price (7/1/2011): 2.49
2009 Sales 642,649,516
Employees: 180
Market Cap: 597,600,000
Shares Outstanding: 240,000,000
Closely Held Shares: 167,840,000

Market cap of Guan Chong was RM 597,6 million in 2011.
Today its market cap is RM2.82 B.

Average Growth Rates Guan Chong Bhd
Past Five Years
Ending 12/31/2021 (Fiscal Year)
Net Income
Earnings Per Share
Capital Spending
Gross Margin
Cash Flow
02/01/2023 8:04 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Historical data


Price RM 2.510
PE 6.47x
DY 3.05%
Market cap 802.6m
ROE 53%
02/01/2023 8:06 PM
firehawk From the buying queue, can be seen that, the price is effectively controlled .....
06/01/2023 4:57 PM
firehawk B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 31 December 2022 of RM30.6 million as compared with the profit before tax of RM70.2 million in the preceding year corresponding quarter ended 31 December 2021. This is mainly due to reduced margin and higher finance cost due to higher interest rate during current quarter ended 31
December 2022.
28/02/2023 9:10 PM
firehawk Profit from operation drops to 50.06m from 78,85m.
Financial cost rises to (19.60m) from (8.73m)
Tax expense reduced to (10,30m) from (20,13m)
28/02/2023 9:19 PM
firehawk 2022;
EPS | P/E |
12.68 Cent | 18.93 |
28/02/2023 10:00 PM
investortrader88 Top up done at RM2.19.good luck guys.
02/03/2023 9:51 AM
goody99 At current price of 2.37, I would rather sell now and buy back later.
03/03/2023 2:04 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

543  229  532  984 

Top 10 Active Counters
 CFM 0.24+0.055 
 MMAG 0.0150.00 
 BSLCORP 0.05+0.01 
 BSLCORP-WB 0.025+0.015 
 HONGSENG 0.1150.00 
 TOPGLOV 0.995+0.04 
 HSI-HKX 0.11-0.035 
 CFM-WA 0.06+0.01 
 HSI-CLY 0.31+0.065 
 ASTRO 0.725+0.035