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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
Manufacturer’s operations are largely unaffected
MAJOR stockbrokers have yet to press the force selling button, which may affect as low as 20 companies and the tally may go up to 30 companies.
KUALA LUMPUR: Guan Chong Bhd's recently completed acquisition of German chocolate maker Schokinag Holding GmbH is expected to take up 50% of the group's Ivory Coast plant's capacity, which should be sufficient for it to break even, says RHB research.
KUALA LUMPUR: Cocoa grinder Guan Chong Bhd said its annual earnings jumped to a record high, as a strong sales volume mitigated the impact of increased tax provision in the last quarter.
PETALING JAYA: A promising outlook has been projected for the local consumer sector for this year, spurred by higher disposable income that will be driven by Budget 2020 initiatives, major sporting events and spillover from Visit Malaysia Year 2020 (VMY2020).
KUALA LUMPUR: Shares in Guan Chong Bhd continued its uptrend in early trade Thursday.
KUALA LUMPUR: Guan Chong Bhd’s acquisition of German firm Schokinag Holding GmbH will help the group tap into the EU market as well as minimise the risk of underutilisation at the upcoming Ivory Coast cocoa processing plant, says RHB research.
KUALA LUMPUR: Guan Chong Bhd's acquisition of German firm Schokinag Holding GmbH will help the group tap into the EU market as well as minimise the risk of underutilisation at the upcoming Ivory Coast cocoa processing plant, says RHB research.