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.
Close @ 1.42 today with decent volume. 1.45 is the the key immediate resistance and 52-week high.
A decisive close above RM1.45 on strong volume would confirm a fresh breakout. The next level will be 1.50 :)
Guan Chong now like that snail slowly climb up the price chart but the profit margin still kena squeezed by the cocoa price volatility so better watch the momentum closely.
GCB 2H26 Outlook - TP RM2.00
RHB research expect a similar strong performance into the coming year,
as management has taken a proactive inventory positioning and an effective
hedging strategy, coupled with healthy combined ratios from the forward
sales back in 2025. Grinding utilisation rate will remain at 80-90% as demand
is set to improve progressively on restocking activities and a potential super
strong El Niño which may further disrupt bean supply – reverting to a market
deficit from the current forecast of a market surplus. FY26 cover ratio is
estimated at c.80%.
• Earnings and TP. Following the 1H26 beat, we raise FY26F-28F earnings by
89%, 7%, and 7% to reflect stronger EBITDA margins, reduced financing
expenses, and a 7 sen DPS for FY26. Our TP is lifted to MYR2 (from MYR1.70)
as we roll forward our valuation base year to FY27, pegged to an unchanged
12x FY26F P/E (c.5-year average). Key risks: Sharp raw material price
fluctuations, weakening demand, and execution and country risks.
GCB semakin kukuh apabila 2Q26 net profit melonjak lima kali kepada RM253 juta. Margin bertambah baik melalui pengurusan bahan mentah lebih efektif, sementara borrowings lebih rendah mengurangkan finance cost. Earnings momentum jelas semakin kuat.
Join our Telgram "Bskl_Siti" for the latest market information, updates, and educational.. See Bio..
