Guan Chong earnings intact due to sound strategy

RHB Research expects Guan Chong’s Schokinag operations to chalk a record-high performance from lower input costs and higher ASPs.

PETALING JAYA: Guan Chong Bhd’s strategy of forward selling, strong sales channels and diverse clients will help keep its earnings intact given the near-term uncertainties in the chocolate industry.

Contribution from its Ivory Coast plant and the turnaround at its Schokinag facility in Germany should provide upside too.