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KUALA LUMPUR: Guan Chong Bhd (GCB) is cautiously optimistic with the company’s near-term prospects as beyond short-term shocks, the year 2022 has shown signs of being an international year of recovery, spurred by loosening pandemic restrictions and newly reopened borders.
KUALA LUMPUR: RHB Research is optimistic over Guan Chong Bhd's prospects as its recent financial result showed improvements in both its topline and margin.
KUALA LUMPUR: Guan Chong Bhd posted a 9.51% improvement in its net profit to RM51.24mil in the fourth quarter ended Dec 31, 2021 (4Q21) against RM46.79mil a year ago, mainly due to improved margin.
Expected recovery in tourism seen to benefit company
KUALA LUMPUR: AmInvestment Bank has maintained its “overweight” recommendation on the consumer sector as the demand and supply recovery remains intact as the economy gradually reopens.
PETALING JAYA: Guan Chong Bhd is expected to see a stellar fourth quarter 2021 (Q4’21), in line with the recovery seen in global cocoa demand from performances of major grinders, according to RHB Research.
PETALING JAYA: Guan Chong Bhd will invest RM50mil to expand the capacity of its German plant Schokinag Holding GmbH over the next two years.