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Guan Chong’s factories are still running and it is “comfortably” and “sufficiently” covered for the rest of the year, Tay said. But it’s continuously checking with suppliers to ensure deliveries, and also looking for more beans to avoid situations like contract defaults, he said.
GCB has inventory between 6 - 8 months... next Quarter will be milking them at current market price.. but they also need to replenish their stocks..
Hence, best not to take new customer n only serve existing....
if unlist during this critical time ( high raw materials cost), then you have no way to ask public for funding(just in case), i.e right issue...to fund the daily operation and/or book forward for its cocoa beams raw materials cost..
hello friend hahaha , now is less cocoa supply not NO cocoa supply . africa tht few country there still need cocoa to survive . cocoa supply estimate decrease 11% in this season ... cocoa tree still there , dont panic
ZURICH, April 10 — Barry Callebaut, the world’s biggest supplier of chocolate to the food industry, said today that the surge in global cocoa prices had chipped away at profits.
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
