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.
