Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
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