Guan Chong maintains high utilisation rate amid restrictions

KUALA LUMPUR: Guan Chong is capitalising on high automation capabilities at its facilities to minimise disruptions to its business, even as other cocoa grinders in the region face operating difficulties.

RHB research, which has a buy rating on Guan Chong, said in a note that the cocoa processor is weathering the movement control order (MCO) well as it continues to run at an average utilisation rate of 90%, with minor disruptions to operations. This is despite a 50% decrease in operating workforce during this period.