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GCB is in commodity business. Commodities are scarce. Highly volatile. GCB keeps stocks. Cocoa beans have high shelf life approx. 2-3 years. They can always sell them whenever they desperate need cash. They can get cash instantly. Its not an issue.
Johan, klu nak trade stok, buat homework dulu. Tgk financial statements. Lepas tuh tgk price chart. GCB nie byk downside. Revenue tinggi tp profit sket sbb diorg cuma grind bijik koko jd serbuk. Diorg beli bijik koko. Tp baru2 nie, diorg start beli ladang & kilang proses koko.
Klu tgk price chart, setiap kali QR keluar, GCB mmg drop mcm batu. Tp ada masa dia, dia recover sekejap. Biar dia drop dulu. Jgn beli. Tunggu dia stop jatuh. Pastu kita masuk.
I dont do cut loss.
Klu you jual skrg, definitely you rugi. Tp klu you guna masa ni fikir mcmana nak turns thing around, maybe you can get your money back. This will take time. Just dont be emotional.
hehh Elly.. klu nak tunggu rebound setup ikut chart, 0.645sen la double bottom. But anything can happen between now and 0.645sen. Ivory is tightening cocoa supplies. Weather is slightly hot due to El-Nina. There is also US Tariffs. Supply is a bit weak. BUT cocoa price remains USD7,500 to 8,000. If supply a bit weak pun, if GCB can get cheaper cocoa beans, GCB can increase its profit margin. Thats why instead buying cocoa beans, GCB bought cocoa plantations in Ivory.
Johan is concern. We can understand his concern. We hope he can find ways for the time being how to get back or narrow down gap he has in his stocks now.
MM is now pushing and looking for support. We will see how further down GCB can go. Until then we wait.
