Guan Chong on track for record-breaking performance

RHB Research has kept its earnings forecasts for the company.

PETALING JAYA: Guan Chong Bhd is on track for a record-breaking year, with its second-quarter earnings for 2024 (2Q24) expected to remain in the RM80mil to RM100mil range, according to RHB Research.

The research house said the cocoa manufacturer’s performance is anticipated despite market expectations of a one-time profit boost in 1Q24, which was driven by inventory and hedging gains.

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GuanChong , CocoaMarket , RecordEarnings , CapacityExpansion , CocoaPrices , SupplyChain

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Market Summary

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Market Movers

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-CWC4 0.105 0.120 0.105 0.115 0.03035.292,145,618
    HSI-PWFQ 0.115 0.115 0.100 0.100 -0.035-25.931,440,404
    HSI-PWD2 0.065 0.065 0.055 0.060 -0.020-25.001,042,787
    MYEG-C7K 0.020 0.020 0.020 0.020 0.0000.00809,610
    HSI-PWDU 0.065 0.065 0.055 0.055 -0.025-31.25767,403
    MYEG 0.910 0.915 0.885 0.890 0.0000.00754,197
    HSI-CWEI 0.180 0.185 0.170 0.185 0.03523.33634,076
    GAMUDA-C2R 0.030 0.035 0.030 0.035 0.01040.00580,294
    HSI-CWEP 0.120 0.135 0.120 0.130 0.02523.81506,782
    RTECH 0.190 0.275 0.190 0.270 0.08545.95459,095
    PERTAMA 0.130 0.145 0.130 0.135 0.0108.00388,550
    NATGATE 1.200 1.220 1.150 1.210 0.0504.31341,297
    CIMB 6.800 6.850 6.780 6.850 0.1001.48318,204
    HSI-CWCT 0.090 0.105 0.085 0.100 0.02533.33309,252
    INSAS-WC 0.050 0.055 0.040 0.045 -0.010-18.18307,121

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