Price Action Vs Earning Forecast
What does Mr Market trying to hint of TECGUAN comings QR with sudden spike of buying volume and price on 26th March 2024![]()
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A great in depth analysis about $TECGUAN(7439.MY$ - Beneficiary of Rising Cocoa Prices![]()
shared by Stockbitor kopicatch99
Quoted from Stockbitor kopicatch99 :
"In Bursa, Teck Guan Perdana is the *only* upstream cocoa producer, as far as I know. Many others had ceased production...
"In Bursa, Teck Guan Perdana is the *only* upstream cocoa producer, as far as I know. Many others had ceased production...
With ASP of RM 10.5k per ton, they made a segmental profit of RM 1.3m in 2021.
With ASP of 12k per ton, they made profit of RM 1.75m in 2022.
With ASP of 12k per ton, they made profit of RM 1.75m in 2022.
15% increase in ASP leading to 35% increase in profit.
What's the ASP of cocoa now?
Here's the answer: RM 32k per ton.
How much could this segmental profit be?
In Q3 alone, when cocoa prices were roughly RM 10k per ton, they have made RM 1m in profits. This makes sense since cost of production has been dropping compared to 2022.
In the yet to be announced Q4 end of this month, the ASP was closer to RM 15k...
In the yet to be announced Q4 end of this month, the ASP was closer to RM 15k...
So far in the 2 months of the current quarter, cocoa prices have skyrocketed to over RM 30k per ton...
Icing on the cake...
The QR will be announced at the end of the month..."
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