Author Topic: Guan Chong  (Read 27862 times)

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Guan Chong
« on: December 26, 2010, 09:06:00 PM »
Recent Financial Results

Announcement
Date   Financial
Yr. End   Qtr   Period End   Revenue
RM '000   Profit/Lost
RM'000   EPS   Amended

16-Nov-10      31-Dec-10      3   30-Sep-10      296,563      17,788      7.44       -
09-Aug-10      31-Dec-10      2   30-Jun-10      270,781      19,502      8.13       -
27-May-10      31-Dec-10      1   31-Mar-10      268,952      19,836      8.22       -
24-Feb-10      31-Dec-09      4   30-Sep-09      217,811       6,592      2.75       -



Offline mitchy

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Re: Guan Chong
« Reply #1 on: December 26, 2010, 09:25:44 PM »
Bad year for cocoa related businesses in 2011. Recommend a sell.

bb

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Re: Guan Chong
« Reply #2 on: December 26, 2010, 09:38:30 PM »
Bad year for cocoa related businesses in 2011. Recommend a sell.

Please share with us more on this industry.

bb

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Re: Guan Chong
« Reply #3 on: December 26, 2010, 09:47:59 PM »
JOHOR BARU: Cocoa-derived food ingredient processor Guan Chong Bhd is counting on its new processing plant in Batam, Indonesia, to meet strong demand from chocolate manufacturers globally.

Chief executive officer and managing director Brandon Tay Hoe Liansaid the companys plant in Pasir Gudang, Johor, had reached its maximum capacity of 80,000 tonnes yearly with no more room for expansion.

http://biz.thestar.com.my/news/story.asp?file=/2010/12/25/business/7657939&sec=business (http://biz.thestar.com.my/news/story.asp?file=/2010/12/25/business/7657939&sec=business)

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Re: Guan Chong
« Reply #4 on: December 26, 2010, 10:09:35 PM »
SNAPSHOT OF GUAN CHONG BHD (GUAN)

PRICE 1.96
MARKET CAP 470.4M
EPS TTM 0.27
SHARES OUTSTANDING 240.0M
P/E TTM 7.4x
DIVIDEND 0.10
DIVIDEND YIELD 4.97%


Valuation   
Price/Earnings   7.4x   
Price/Sales   0.4x   
Price/Book   3.2x   
Price/Cash Flow   7.4x   
TEV/Sales   0.2x   







Financials
http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=GUAN:MK (http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=GUAN:MK)

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Re: Guan Chong
« Reply #5 on: December 26, 2010, 10:15:17 PM »
Guan Chong sees strong profit trend
New Straits Times, Aug 6, 2010

In June, Guan Chong, which has a paid-up of 60 million shares issued at 25 sen apiece, told the stock exchange that its public shareholding or free float in the market stood at 27.55 per cent.

The Johor-based export-driven company has also expanded its annual production capacity to 82,000 tonnes this year, from about 59,000 tonnes in 2009 in anticipation of more business coming its way.

Guan Chong manufactures and exports products under its own "Favourich" brand name. These products are normally sold to chocolate bar makers or dairy products makers.

"Today, our products are in almost every part of the world. More than 95 per cent of our products are for the export market," said Tay.

http://findarticles.com/p/news-articles/new-straits-times/mi_8016/is_20100806/guan-chong-sees-strong-profit/ai_n54693132/ (http://findarticles.com/p/news-articles/new-straits-times/mi_8016/is_20100806/guan-chong-sees-strong-profit/ai_n54693132/)

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Re: Guan Chong
« Reply #6 on: December 26, 2010, 10:18:24 PM »
Guan Chong Bhd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2010
11/18/2010
Guan Chong Bhd. reported consolidated earnings results for the third quarter and nine months ended September 30, 2010. For the quarter, the company reported that revenue was MYR 296.56 million compared to MYR 162.31 million in the previous year period. Operating profit was MYR 28.18 million compared to MYR 8.80 million in the previous year period. Profit before income tax MYR 27.00 million compared to MYR 7.47 million in the previous year period. Profit for the year was MYR 17.79 million or MYR 7.44 per diluted share compared to MYR 5.46 million or MYR 2.17 per diluted share in the previous year period. For the nine months, the company reported that revenue was MYR 836.30 million compared to MYR 424.84 million in the previous year period. Operating profit was MYR 83.18 million compared to MYR 15.67 million in the previous year period. Profit before income tax MYR 79.36 million compared to MYR 11.36 million in the previous year period. Profit for the year was MYR 57.13 million or MYR 23.80 per diluted share compared to MYR 8.20 million or MYR 3.16 per diluted share in the previous year period.

Guan Chong Bhd. Announces Fourth Interim Dividend for the Financial Year Ending December 31, 2010, Payable on September 2, 2010
08/9/2010
Guan Chong Bhd. announced fourth interim dividend of 8% less tax at 25% equivalent to 1.5 sen net per share amounting to MYR 3,600,000.00 in respect of the financial year ending December 31, 2010. The company will pay dividend on September 2, 2010 with ex-date of August 28, 2010 and entitlement date of August 26, 2010.

bb

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Re: Guan Chong
« Reply #7 on: December 26, 2010, 10:21:05 PM »
<b>Guan Chong:</b> Buy, fair value RM1.96

PM Securities Sdn Bhd has recommended a "buy" call on cocoa processor Guan Chong Bhd (5102), saying that it is attractively priced with much upside potential, its relatively resilient business model and earnings potential with the oncoming new capacity in Indonesia.
Amazing things happen when you say Yes   


The research firm projects that the stock has a potential upside of 18 per cent.

Backed by strong earnings surge in financial year 2010, Guan Chong is valued at RM1.96 on 8 times financial year 2010 price earnings ratio.

This is at a discount to other food and beverage players for its smaller size and near single product characteristics.

Trading at price earnings ratios of 6.8 times and 6.3 times for financial year 2010 and financial year 2011, Guan Chong is an undervalued stock.

It also falls under the favourable matrix of low price earnings ratio and high return on equity combination, with a return on equity of over 35 per cent for financial year 2010.

The positive factors in favour of Guan Chong are growing outsourcing activities by international chocolate-based manufacturers for grinding services and increasing chocolate consumption in Asia-Pacific.

This phenomenon creates new growth areas, beside the more traditional US and European markets.

Another positive factor is the use if chocolate in more food and beverage products.



Read more: <b>Guan Chong:</b> Buy, fair value RM1.96 http://www.btimes.com.my/Current_News/BTIMES/articles/ppms/Article/#ixzz19EAHR3Sa (http://www.btimes.com.my/Current_News/BTIMES/articles/ppms/Article/#ixzz19EAHR3Sa)

bb

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Re: Guan Chong
« Reply #8 on: December 26, 2010, 10:30:14 PM »
LATEST KEY DEVELOPMENTS

Guan Chong Berhad Announces FY 2010 Fifth Interim Dividend
Tuesday, 16 Nov 2010 04:43am EST
Guan Chong Berhad announced the fifth interim dividend of 16% less tax at 25% equivalent to MYR0.03 net per share amounting to MYR7,200,000.00 in respect of the financial year ending December 31, 2010. The entitlement date and payment date are December 3, 2010 and December 10, 2010, respectively.

Guan Chong Berhad Proposes Bonus Issue And Share Buy-Back
Monday, 11 Oct 2010 06:51am EDT
Guan Chong Berhad (GCB) announced that the Company proposes to undertake a bonus issue of 80,000,000 new GCB Shares (Bonus Shares) to be credited as fully paid-up, on the basis of one Bonus Share for every three existing GCB Shares held at an entitlement date to be determined later (Proposed Bonus Issue), and purchase by GCB of up to ten percent (10%) of its issued and paid-up share capital (Proposed Share Buy-Back). Barring unforeseen circumstances, the Proposals are expected to be completed by first quarter of 2011.

Guan Chong Berhad Announces Fourth Interim Dividend
Monday, 9 Aug 2010 07:08am EDT
Guan Chong Berhad announced the fourth interim dividend of 8% less tax at 25% equivalent to MYR0.015 net per share amounting to MYR3,600,000.00 in respect of the financial year ending December 31, 2010. The entitlement date and payment date are August 26, 2010 and September 2, 2010, respectively.

Guan Chong Berhad Announces Third Interim Dividend
Wednesday, 30 Jun 2010 05:37am EDT
Guan Chong Berhad announced a third interim dividend of 6% less tax at 25% equivalent to MYR0.01125 net per share amounting to MYR2,700,000.00 in respect of the financial year ending December 31, 2010. The dividend will be paid on July 22, 2010.

Guan Chong Berhad's GCB Cocoa Singapore Pte Ltd Acquires 10% Equity Interest In PT Asia Cocoa Indonesia
Friday, 25 Jun 2010 05:55am EDT
Guan Chong Berhad (GCB) announced that GCB Cocoa Singapore Pte Ltd (GCBCS), the wholly owned subsidiary of GCB Oversea Holdings Corporation, which in turn a wholly owned subsidiary of GCB as on June 25, 2010, entered into a Sale and Purchase Agreement with Mr. Koi Chin Shean for the acquisition of 25 ordinary shares of USD1,000 each representing 10% equity interest in PT Asia Cocoa Indonesia for a cash consideration of USD25,000 only (Acquisition).

Guan Chong Berhad's GCB Oversea Holdings Corporation Incorporates Subsidiary In Singapore
Thursday, 29 Apr 2010 06:38am EDT
Guan Chong Berhad announced that GCB Oversea Holdings Corporation, a wholly owned subsidiary of the Company, had on April 29, 2010 incorporated a subsidiary in Singapore known as GCB Cocoa Singapore Pte. Ltd. GCB Cocoa Singapore Pte. Ltd. is a private company limited by shares with a paid up capital of SGD1.00 only.

Guan Chong Berhad Announces Second Interim Dividend
Thursday, 22 Apr 2010 05:34am EDT
Guan Chong Berhad announced a second interim dividend of 1% less tax at 25% or MYR0.0075per share amounting to MYR1,800,000.00 in respect of year ended December 31, 2010. The dividend will be paid on May 19, 2010.

Guan Chong Berhad's GCB Specialty Chocolates Sdn Bhd Proposes Acquisition Of Business From Specialty Chocolates Sdn Bhd
Wednesday, 31 Mar 2010 07:17am EDT
Guan Chong Berhad (GCB) announced that a wholly owned subsidiary of the Company, GCB Specialty Chocolates Sdn Bhd (Formerly known as GCB Oversea Holdings Sdn Bhd ) (GCBSC), has on March 31, 2010 entered into a Sale and Purchase Agreement (Agreement) with Specialty Chocolates Sdn Bhd (SCSB) for the purchase of business technical know-how, recipe, business model, clientele lists, marketing strategies and skill, goodwill and all intellectual property (whether registered or otherwise) other than registered trade mark GOLDROAST, which shall be excluded (hereinafter referred to as the Business) free from liens, charges, mortgages, assignments, encumbrances and claims by any third party(ies) with all rights interest attached or to be attached thereto as per terms and conditions as stipulated therein (Acquisition). The purchase consideration of the Acquisition amounting to MYR2,860,000.00 was derived pursuant to the due diligence exercise carried out by GCBSC, which is subject to SCSB's audited accounts for the financial year ended December 31, 2009. SCSB was incorporated in Malaysia as a private limited liability company with its Registered Office at No. 939A & B, Lorong Merpati 05200 Alor Setar Kedah and a place of business at A139, Jalan 3 Kawasan Perusahaan Miel Sungai Lalang 0800 Sungai Petani Kedah.

Guan Chong Berhad Declares FY 2010 First Interim Dividend
Wednesday, 24 Feb 2010 04:39pm EST
Guan Chong Berhad announced the first interim tax exempt dividend of 2% tax exempt or MYR0.5 per share amounting to MYR1,200,000.00 and 4% less tax at 25% or MYR0.75 per share amounting to MYR1,800,000.00 in respect of financial year ending 31 December 2010. The dividends will be paid on March 26, 2010.

http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GNCH.KL (http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GNCH.KL)

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Re: Guan Chong
« Reply #9 on: December 26, 2010, 10:34:41 PM »
Guan Chong Berhad enters Indonesian cocoa market

10 July 2010
Malaysian manufacturer of cocoa-derived food ingredients Guan Chong Berhad (GCB) announced that its wholly-owned subsidiary GCB Cocoa Singapore had on 22 June 2010 made a capital contribution of US$ 5.375 million in cash to the capital of PT Asia Cocoa Indonesia (ACI)  in Batam, Indonesia, representing 90% of the issued and paid up share capital of ACI.
 
“Upon completion of the Investment and grant of approval from the relevant government authorities on the Investment, ACI will be a 90% owned indirect subsidiary of  the company. The Investment would mark the entry of the GCB Group into the Indonesian market and allow it to expand in this fast growing region,” it said.
 
ACI was incorporated on 22 April 2010 in Batam as a private limited company with principal business activities as manufacturer and trader of cocoa, cocoa mass (cocoa liquor), cocoa butter, cocoa cake and cocoa powder.
 
The company did not give detail about the plant’s processing capacity.

bb

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Re: Guan Chong
« Reply #10 on: December 26, 2010, 10:38:09 PM »
Guan Chong to issue bonus shares

Malaysia's largest cocoa processor Guan Chong Bhd today announced a corporate exercise to issue bonus shares together with new warrants.

This will be on the basis of one bonus share for every three Guan Chong shares held and one free warrant for every four Guan Chong shares held at an entitlement date to be determined later.

The exercise will see the issuance of 80 million new ordinary shares of RM0.25 par and 60 million five-year warrants, Johor-based Guan Chong said in a statement.

While the bonus shares will effectively increase Guan Chong's share capital to RM80 million, comprising 320 million shares of RM0.25 par from RM240 million shares currently, the five-year warrants are expected to eventually increase the share capital by up to RM15 million, assuming the full exercise of the warrants.

"The objectives of the exercise are not only to increase the share capital base of Guan Chong but also to reward the shareholders for their continuous support through greater equity participation in the company," said managing director and chief executive officer Brandon Tay Hoe Lian.

"The warrants are ideal for our working capital needs as and when they are converted over the next five years. Besides, the warrants provide an alternative for potential investors to gain exposure to Guan Chong''s growth," he said.

As the exercise price of the warrants has yet to be decided by the board of directors, Tay said the expected maximum future proceeds from the warrants exercise will be announced later.

The corporate exercise is subject to shareholders' approval during an extraordinary general meeting to be convened.

OSK Investment Bank is the adviser for the corporate exercise. -- Bernama

Read more: Guan Chong to issue bonus shares http://www.btimes.com.my/Current_News/BTIMES/articles/20101011190933/Article/index_html#ixzz19EEoDWxF

bb

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Re: Guan Chong
« Reply #11 on: December 26, 2010, 10:41:59 PM »
Wednesday August 18, 2010

Guan Chong to increase cocoa production

JOHOR BARU: Cocoa-derived food ingredients maker Guan Chong Bhd will increase its production capacity from 67,000 tonnes to 80,000 tonnes per annum by the end of the year.

Chief executive officer and managing director Brandon Tay Hoe Lian said it was to accommodate a strong demand by chocolate manufacturers globally.

“Chocolates remain popular worldwide and they make perfect gifts for any festivities or happy occasions,” he told StarBiz after the company AGM recently.


Brandon Tay Hoe Lian ... ‘Malaysia produces about 25,000 tonnes of cocoa beans yearly.’
The company manufactures and sells cocoa-derived food ingredients such as cocoa liquor, cocoa butter, cocoa cake and cocoa powder.

It is one of the seven major cocoa processors in the country and the cocoa-derived food ingredients are widely used by chocolate makers and confectioneries.

Tay said despite strong demand for the cocoa-derived food ingredients, processors were facing uncertainties in cocoa beans supplies and price fluctuations.

He said bad weather conditions and natural disasters such as flooding and earthquakes in major cocoa beans producing countries had caused shortage of cocoa beans supplies.

Tay said Malaysia produced about 25,000 tonnes of cocoa beans yearly and imported the beans for grindings from major producing countries namely Indonesia, Ivory Coast, Papua New Guinea and Solomon Islands.

He said with more new cocoa plantations coming up in Sarawak in recent years, this could reduce Malaysia’s imports of cocoa beans about 490,000 tonnes yearly.

“We are now seeing strong demand in cocoa paste for dark chocolate following many scientific researches that eating dark chocolate could help to reduce cardiovascular disease,” said Tay.

For the year ended Dec 31, 2009, Guan Chong registered RM14.92mil net profit on RM642.64mil revenue against RM7.10mil and RM694.33mil net profit and revenue respectively in FY2008. – By Zazali Musa

http://biz.thestar.com.my/news/story.asp?file=/2010/8/18/business/6790622&sec=business (http://biz.thestar.com.my/news/story.asp?file=/2010/8/18/business/6790622&sec=business)

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Re: Guan Chong
« Reply #12 on: December 26, 2010, 10:47:26 PM »
Of course, you must also read this

REVIEW OF GUAN CHONG'S EARNINGS by ze Moola
http://~.~.com/2010/08/review-of-guan-chongs-earnings.html (http://~.~.com/2010/08/review-of-guan-chongs-earnings.html)

bb

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Re: Guan Chong
« Reply #13 on: December 26, 2010, 10:54:51 PM »
GCB Cocoa Singapore Enters Indonesia With Investment In ACI
FBR Staff Writer
Published 04 July 2010

Guan Chong Berhad (GCB), a Malyasian investment holding company involved in the manufacture and marketing of cocoa-derived food ingredients, has entered into Indonesian market through its sub-subsidiary, GCB Cocoa Singapore (GCBCS), which had invested Indonesian company PT Asia Cocoa Indonesia (ACI).

GCBCS had invested $5,375,000 in ACI, on June 22, 2010. This investment represents 90% of the issued and paid up share capital of ACI.

The investment is not subject to the approval of GCB since the highest percentage ratio applicable to the Investment is 16.66%. However, the approval of relevant government authorities in Batam, Indonesia, was needed. GCBCS received the approval on July 3, 2010.

After completion of the investment and grant of approval from the relevant government authorities on the investment, ACI will be a 90% owned subsidiary of GCBCS. The investment would allow the Malaysian cocoa manufacturer to expand in this fast growing region.

Once the investment is complete, the directors of GCB Cocoa Singapore namely Tay How Sik and Hia Cheng will also be the directors of ACI.

The investment is not expected to have a material effect on the earnings and net assets of the GCB and its subsidiaries for the financial year ending December 31, 2010.

GCB Cocoa Singapore is a subsidiary of GCB Foods, which in turn is a subsidiary of Guan Chong Berhad. GCB Food offers a range of products under the umbrella brand name 'CacaoRich', and its cocoa related products are currently exported worldwide to the US, South America, Eastern Europe, Western Europe, Middle East and Asia.

Guan Chong Berhad, a subsidiary of Guan Chong Resources, offers cocoa-derived and blended cocoa-derived food ingredients, cocoa related products and cocoa ingredients. It also involves in purchasing and distributing cocoa-derived food ingredients, and also in marketing and promotion activities of chocolate related products and confectioneries.

http://ingredients.food-business-review.com/news/gcb_cocoa_singapore_enters_indonesia_with_investment_in_aci_100705 (http://ingredients.food-business-review.com/news/gcb_cocoa_singapore_enters_indonesia_with_investment_in_aci_100705)

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Re: Guan Chong
« Reply #14 on: December 26, 2010, 10:57:55 PM »
A blogger's opinion

Guan Chong - Huge Growth Potential with Production Capacity Expansion Plan in Place for the Next 3 years
http://alexwinvest.~.com/2010/12/guan-chong-huge-growth-potential-with.html

Risk
1. High-debt position after aggressive business acquisition and expansion plan implemented. However, it is informed that it is still under managable level as still level of debt ratio is normal in the industry.
2. Global consumer spending uncertainty.
3. Commodities prices like Cocoa increase may dilute profit margin.

bb

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Re: Guan Chong
« Reply #15 on: December 26, 2010, 11:21:18 PM »
Bursa Malaysia Securities Berhad has on 21 July 2010 issued an UMA query on the trading of the Company’s shares.
We draw your attention to the sharp rise in price in your Company’s shares recently.
http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/historical.jsp (http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/historical.jsp)


Their reply:
http://announcements.bursamalaysia.com/edms/edmswebh.nsf/LsvAllByID/482576120041BDAA48257767003CBAC0?OpenDocument (http://announcements.bursamalaysia.com/edms/edmswebh.nsf/LsvAllByID/482576120041BDAA48257767003CBAC0?OpenDocument)

In accordance with the Corporate Disclosure Policy on Response to Unusual Market Activity pursuant to paragraph 9.11 of the Listing Requirements of Bursa Securities ("Bursa Securities LR"), the Board of Directors of Guan Chong Berhad (“GCB”)("Board") has observed the following:-

1. Relevant announcements have been made to Bursa Securities in relation to all notifications received from the substantial shareholders and the Board of GCB.

2. On 25 June 2010 and 6 July 2010, the Company has announced that its wholly-owned sub-subsidiary, GCB Cocoa Singapore Pte Ltd had acquired 10% equity interest in PT Asia Cocoa Indonesia (“ACI”) for a consideration of USD Twenty Five Thousand (USD25,000) and further made a capital contribution of USD Five Million Three Hundred Seventy Five Thousand (USD5,375,000) in ACI respectively. Such move would allow GCB Group to expand in this fast growing region.

3. The First Quarter Results of GCB with better profit figures has been announced on 27 May 2010.

4. The GCB Group is continuously looking for business opportunities in the cocoa confectionery industry. Appropriate announcements will be made if and when any of these business opportunities materialise, should it fall within the ambit of the Bursa Securities LR.

5. The high volume of the Company's shares being traded may be attributable to the recent market sentiment on counters involved in food sector.

Save as disclosed above, the Board after having made due enquiries, wishes to advise that to the best of its knowledge, it is not aware of any of the following that may or may not have contributed to the unusual market activity:-

i) any corporate development relating to the Group's business and affairs that has not been previously announced that may account to the unusual market activity including those in the stages of negotiations/discussions.

ii) any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity.

iii) any other possible explanation that may account for the unusual market activity.

The Board also confirms that the Company is in compliance with the Bursa Securities LR in particular Paragraph 9.03 on immediate disclosure obligations.

bb

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Re: Guan Chong
« Reply #16 on: December 27, 2010, 08:25:30 AM »


10-year commodity price chart for Cocoa

Units: U.S. cents per kilogram

Category: Non Energy Commodities / Agriculture / Beverages

Compiled by mongabay.com using figures from World Bank Commodity Price Data. mongabay.com makes no guarantees about the accuracy of this graph.

http://www.mongabay.com/images/commodities/charts/cocoa.html

bb

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Re: Guan Chong
« Reply #17 on: December 27, 2010, 08:27:57 AM »
Price of Cocoa, (1980-2010) Price Chart



Cocoa, ICO price, cif U.S. & European ports

Price of Cocoa, (1980-2010)

US Dollars per Metric Ton

bb

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Re: Guan Chong
« Reply #18 on: December 27, 2010, 08:36:16 AM »


   
Guan Chong Berhad Key Data:
    
2009 Sales    642,649,516
(Year Ending Jan 2010).   
Employees:    180

    
Currency:    Malaysian Ringgits   
Market Cap:    472,800,000

    
Fiscal Yr Ends:    December   
Shares Outstanding:    240,000,000

    
Share Type:    Ordinary   
Closely Held Shares:    167,840,000

COMPARISON with:



   
Cocoaland Holdings Bhd Key Data:
    
2009 Sales    133,175,505
(Year Ending Jan 2010).   
Employees:    745

    
Currency:    Malaysian Ringgits   
Market Cap:    422,136,000

    
Fiscal Yr Ends:    December   
Shares Outstanding:    171,600,000

    
Share Type:    Ordinary   
Closely Held Shares:    N/A

bb

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Re: Guan Chong
« Reply #19 on: December 28, 2010, 04:21:25 PM »
 :clap: :clap: :clap: :clap: :clap:
 :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:
 :cash: :cash: :cash: :cash: :cash:
 :dancing: :dancing: :dancing: :dancing: :dancing:

UP >>>>>>>>>>>>
:handshake: :handshake: :handshake: :handshake: :handshake:

Offline kino

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Re: Guan Chong
« Reply #20 on: December 28, 2010, 04:23:53 PM »
:clap: :clap: :clap: :clap: :clap:
 :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:
 :cash: :cash: :cash: :cash: :cash:
 :dancing: :dancing: :dancing: :dancing: :dancing:

UP >>>>>>>>>>>>
:handshake: :handshake: :handshake: :handshake: :handshake:

 :clap: :clap: :clap: :clap: :clap:
 :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:
 :cash: :cash: :cash: :cash: :cash:
 :dancing: :dancing: :dancing: :dancing: :dancing:
:handshake: :handshake: :handshake: :handshake: :handshake:

Offline StockGod

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Re: Guan Chong
« Reply #21 on: December 28, 2010, 09:50:06 PM »
thought of accumulate some more but more up so fast. Only got a few lots.

Offline mitchy

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Re: Guan Chong
« Reply #22 on: December 28, 2010, 09:56:03 PM »
bb, its track record is important but the future of cocoa dictates the counter. Given that guan chong net profit is a minimal percentage of the cocoa produce and cocoa price, guan chong is very much dictated by external factors. the cocoa cycle is against the industry this year. Recommend a sell on guan chong.

2010 was an exceptional good year for gc, but it will be hard to replicate this year. sorry bb.

Offline StockGod

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Re: Guan Chong
« Reply #23 on: December 28, 2010, 10:02:03 PM »
bb, its track record is important but the future of cocoa dictates the counter. Given that guan chong net profit is a minimal percentage of the cocoa produce and cocoa price, guan chong is very much dictated by external factors. the cocoa cycle is against the industry this year. Recommend a sell on guan chong.

2010 was an exceptional good year for gc, but it will be hard to replicate this year. sorry bb.

My friend, bb commented so much to push the shares up, don't pour cold water. I don't mind either direction since will also be good if can grab some cheap shares before ex-date for bonus and free warrant. :cash:

Offline junjun40

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Re: Guan Chong
« Reply #24 on: December 28, 2010, 10:16:21 PM »
My friend, bb commented so much to push the shares up, don't pour cold water. I don't mind either direction since will also be good if can grab some cheap shares before ex-date for bonus and free warrant. :cash:

Dudes, congrats.
Miss out the write up on bonus and free warrants issue

bb

  • Guest
Re: Guan Chong
« Reply #25 on: December 29, 2010, 08:17:13 AM »
bb, its track record is important but the future of cocoa dictates the counter. Given that guan chong net profit is a minimal percentage of the cocoa produce and cocoa price, guan chong is very much dictated by external factors. the cocoa cycle is against the industry this year. Recommend a sell on guan chong.

2010 was an exceptional good year for gc, but it will be hard to replicate this year. sorry bb.

Fair comment.

Guan Chong did make almost 10 million from the rise in cocoa price.  However, its revenues have increased tremendously over the last 1 year.  Its production capacity is totally used up and it is expanding its production capacity in Batam.  Its profit margin was a miserable 5% or so in the past, but has increase recently, though the latest quarter showed a slight fall.  Its debts are high but last year was an exceptional year, it generated huge cash flows and FCF, enabling it to reduce some of this high debts.

The company is investing to expand its business.  Its capital expenditure has been and will be high for this year.  My understanding from my reading is that they are producing for more cocoa product based companies that are outsourcing their production for one reason or another.

For the short and medium term, given its lowish PE and its good dividend yield (check out the dividends given), I have in fact identified this stock some time back in November 2010 to be included into my portfolio.  This stock is truly neglected and out of the radar screen of big players, and thus was trading at a low PE. 

The Unusual Market Activity reply by the company was quite unlike the usual reply by other companies when their share prices suddenly shot up.  I thought the replies were fairly reasonable and also truthful, or close to the truth. :P

Please do your own study and make your own decision.  Do not ever trust anyone's writing, (I INCLUDED  :P) without doing your own personal assessment of the stock and financial datas. :)

bb

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Re: Guan Chong
« Reply #26 on: December 29, 2010, 08:55:49 AM »
FY..Revenue..Earnings..EPS..Div

2006 379.78m 17.56m 7.3sen 4.0sen
2007 464.11m 14.21m 5.9sen 3.3sen
2008 694.34m 7.48m 2.82sen 1sen
2009 642.650m 14.187m 5.91sen 2.75 sen
9M 2010 836.296m 23.80m 23.80sen 4.63sen

bb

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Re: Guan Chong
« Reply #27 on: December 29, 2010, 09:16:41 AM »
Correction:

FY..Revenue..Earnings..EPS..Div

2006 379.78m 17.56m 7.3sen 4.0sen
2007 464.11m 14.21m 5.9sen 3.3sen
2008 694.34m 7.48m 2.82sen 1sen
2009 642.650m 14.187m 5.91sen 2.75 sen
9M 2010 836.296m 57.10823.80m 23.80sen 4.63sen

bb

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Re: Guan Chong
« Reply #28 on: December 29, 2010, 01:25:02 PM »


Follow-through rebound for Guan Chong expected
http://www.btimes.com.my/Current_News/BTIMES/articles/guanchong/Article/ (http://www.btimes.com.my/Current_News/BTIMES/articles/guanchong/Article/)

I don't know what the above chart signifies, but this counter is now increasingly in the news.  :nod:

Offline StockGod

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Re: Guan Chong
« Reply #29 on: December 29, 2010, 06:31:55 PM »
all approval received. Next will be announcement of ex-date for the bonus and free warrant  :cash:

Offline StockGod

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Re: Guan Chong
« Reply #30 on: December 30, 2010, 10:40:26 AM »
come on baby. Pls announce the ex-date today. Market is expecting  :cash:

bb

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Re: Guan Chong
« Reply #31 on: December 30, 2010, 03:15:58 PM »
After the bonus and warrant exercise.

Before exercise:  Own 3 shares of Guan Chong

After exercise:  Own 4 shares of Guan Chong + 1 Free Warrant

How much will the shares be traded after the bonus and warrant exercise?

Offline StockGod

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Re: Guan Chong
« Reply #32 on: December 30, 2010, 03:17:43 PM »
hehe.. hope not like EAH. That will be heavy losses

bb

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Re: Guan Chong
« Reply #33 on: January 03, 2011, 08:49:17 AM »
FY..Revenue..Earnings..EPS..Div

2006 379.78m 17.56m 7.3sen 4.0sen
2007 464.11m 14.21m 5.9sen 3.3sen
2008 694.34m 7.48m 2.82sen 1sen
2009 642.650m 14.187m 5.91sen 2.75 sen
9M 2010 836.296m 23.80m 23.80sen 4.63sen
:clap: :clap: :clap: :clap: :clap:

bb

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Re: Guan Chong
« Reply #34 on: January 03, 2011, 05:36:46 PM »
 :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:
 :cash: :cash: :cash: :cash: :cash:

Offline lucy

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Re: Guan Chong
« Reply #35 on: January 03, 2011, 05:43:21 PM »
buy call  ! :cash: :cash:

Offline StockGod

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Re: Guan Chong
« Reply #36 on: January 05, 2011, 09:44:45 PM »
hmmm why still don't want to announce ex-date
 :cash:

Offline StockGod

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Re: Guan Chong
« Reply #37 on: January 11, 2011, 11:12:09 PM »
finally announced ex-date. AND Share buy back !  :cash:

Offline purpledino

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Re: Guan Chong
« Reply #38 on: January 13, 2011, 08:53:28 AM »
finally announced ex-date. AND Share buy back !  :cash:


wondering why last week so hot but this week seem not to climb...
is this usually the case after announcement of ex-date?

can anyone shed some light...
 

simplesoul

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Re: Guan Chong
« Reply #39 on: January 13, 2011, 08:55:54 AM »
BB,

good morning. sorry to take up some space on this thread! could i request for a write up on manulife?

cheers,
hav a great day.............n thanks a lot in advance :)

Offline StockGod

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Re: Guan Chong
« Reply #40 on: January 17, 2011, 08:16:41 PM »
yeah sold some at RM2.57, balance hope can sell slightly higher, say at RM4.00  :cash:

Offline StockGod

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Re: Guan Chong
« Reply #41 on: January 22, 2011, 05:27:31 PM »
bye bye Guan chong. Sold the rest at RM2.63. Thanks

If drop to below RM2.00 before ex-date, i may buyback

bb

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Re: Guan Chong
« Reply #42 on: January 22, 2011, 05:37:24 PM »
bye bye Guan chong. Sold the rest at RM2.63. Thanks

If drop to below RM2.00 before ex-date, i may buyback

Why do you think it will drop before ex-date?  Just for our interest.

Offline StockGod

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Re: Guan Chong
« Reply #43 on: January 22, 2011, 05:46:51 PM »
Why do you think it will drop before ex-date?  Just for our interest.

over-played.

If no much movement running up to ex-date, potential gain after ex-date (see Gamuda right issue of warrant), but if go up too much, after ex-date higher chance of disaster (see EAH and YeeLee)

Offline StockGod

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Re: Guan Chong
« Reply #44 on: January 22, 2011, 05:50:38 PM »
by the way, at this price, it about PE of 10x

not very comfortable with manufacturing industry on how they cope with inflation. So PE of 10x should be max for the time being until they prove able to pass on costs to consumers

Offline tengster

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Re: Guan Chong
« Reply #45 on: January 22, 2011, 05:55:51 PM »
bb/stockgod- what's the nett worth of GuanChong shares plus free warrant, let say one own 3000 shares?

Offline StockGod

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Re: Guan Chong
« Reply #46 on: January 22, 2011, 09:00:50 PM »
sorry, i not sure about the FV after ex-date, but you should hold in multiple of 1,200 units to avoid odd lots

Bonus 1 for 3 = 400 units
Warrant 1 for 4 = 300 units

So, you will end up with 1,600 units of shares and 300 units of warrants. No odd lots

If you hold 3,000 units, you will end up with 4,000 units of shares and 750 units of warrants. 

bb

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Re: Guan Chong
« Reply #47 on: January 22, 2011, 10:52:56 PM »
bb/stockgod- what's the nett worth of GuanChong shares plus free warrant, let say one own 3000 shares?

Your 3000 shares will transform, after the bonus and warrant exercise, to:

3000 pre-existing shares + 1000 new shares = 4,000 shares
and
1000 free warrants.

Read more here:
http://~.~.com/2011/01/guan-chong-bonus-and-warrants.html

Offline purpledino

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Re: Guan Chong
« Reply #48 on: January 23, 2011, 07:36:34 PM »
Q1. What if I have 4000 shares? How many bonus share will I get at ex date? Is it 1000shares or 1333 shares or 1400 shares?

Q2. How much warrant will I be entitled to?

Offline StockGod

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Re: Guan Chong
« Reply #49 on: January 23, 2011, 08:40:22 PM »
Your 3000 shares will transform, after the bonus and warrant exercise, to:

3000 pre-existing shares + 1000 new shares = 4,000 shares
and
1000 free warrants.

Read more here:
http://~.~.com/2011/01/guan-chong-bonus-and-warrants.html
You will have to read the proposal carefully. The free warrant if 1 for 4 existing shares held on same entitlement date for bonus issue. You will end up with odd lot.

Counter check:-
As per announcement
Proposed bonus issue 80,000,000 shares at 1 for 3, that means existing shares = 240,000,000
Proposed warrant 60,000,000 at 1 for 4

If based on existing 240,000,000 divided by 4 = 60,000,000 warrant
If based on after bonus 320,000,000 divided by 4 = 80,000,000 warrant

So, warrant is based on your existing 3,000 shares not 4,000 post bonus issue. You will have odd lots