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LOCKDOWNS following the deadly spread of coronavirus has dented the demand for many consumer items.
KUALA LUMPUR: Guan Chong Bhd, which is the world’s fourth largest cocoa grinder, has earmarked RM120mil for its new cocoa ingredients plant in Cote D'Ivoire (Ivory Coast) in the south coast of West Africa.
PETALING JAYA: The demand for cocoa powder remains robust even during the coronavirus (Covid-19) pandemic due to its diversified usage and this is a positive factor for cocoa grinder Guan Chong Bhd.
KUALA LUMPUR: Shares of Guan Chong Bhd rose over 3% on Monday after the company reported a decent set of numbers for the first quarter ended March 31.
KUALA LUMPUR: Tan Chong Motor Holdings Bhd, Tambun Indah Land Bhd, DRB-Hicom Bhd and Guan Chong Bhd are among the stocks to watch on Monday, according to JF Apex Research.
KUALA LUMPUR: AmInvestment Bank research remains positive on Guang Chong Bhd for its growth potential although it trimmed its earnings forecast for FY20 to account for a delay in the Ivory Coast expansion plan and impact from the Covid-19 lockdowns.
JOHOR BARU: The country’s export earnings contribution from cocoa and cocoa-based products, as well as cocoa grinding activities, is expected to decline by 18% due to the implementation of the Movement Control Order (MCO) to stem the spread of Covid-19.
PETALING JAYA: Guan Chong Bhd 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
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.