Posted last night: Review Of Guan Chong's Earnings
Received the following comments:
- tklaw said...
What an amazing quarterly earnings. I did not notice the company involved in commodity trade. I wish I owned this gem six months ago.
The company has started enjoying fruitful results from hedging since the first quarter. Gain represents 30% of total profit cumulatively. This is probably positive outcome from the ‘HEDGING‘ of cocoa products. I reckon this is a normal course of business to reduce the exposure in cocoa price and not a speculative motive.
Hopefully, the profit is not sufficient enough to lead the management venture into commodity trade business. Good luck!
I realised that my posting last night was NOT complete. I missed posting one last table, which clearly showed Guan Chong's outstanding derivative contracts. I could have added the table into last night posting but such action could be perceived as being a snakey way to edit a posting. :P
Hence this posting... :D
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