SILVER BIRD, GUANCHONG IS THE NEXT???

SILVER BIRD GROUP

Silver Bird Group Berhad, an investment holding company, engages in the manufacture of frozen and daily fresh/shelf-stable bakery goods. It also involves in the sale and distribution of bakery goods and telecommunication products; and wholesale/logistics of bakery ingredients, as well as operates as a marketing and distribution agent for financial related products. The company is based in Shah Alam, Malaysia. 

SILVER BIRD GROUP BHD’s net profit for the fourth quarter ended Oct 31, 2010 rose 36.66% to RM835,000 from RM611,000 a year ago mainly due to the sales growth in its core business of consumer food division.

Its revenue for the quarter rose 6.75% to RM153.92 million from RM144.19 million in 2009. Earnings per share were 0.22 sen while net assets per share was 53 sen.

Reviewing its performance in 4Q, Silver Bird said on Thursday, Dec 30 that its consumer food division’s revenue rose by 4% year-on-year from RM46.2 million to RM48.2 million due to sales channel expansion.

TP-RM0.65

GUAN CHONG BHD

Guan Chong Berhad, an investment holding company, engages in the production, marketing, and sale of cocoa-derived food ingredients primarily in Malaysia. The company also engages in the purchase and distribution of cocoa-derived food ingredients. It also markets and promotes chocolate related products and confectionaries. The company is based in Pasir Gudang, Malaysia. Guan Chong Berhad operates as a subsidiary of Guan Chong Resources Sdn. Bhd. 

1 mth Ago--	Guan Chong 4Q Net MYR42.9M Vs MYR6.67M
7 mths Ago--	Guan Chong 2Q Net MYR19.5M Vs MYR2.23M
10 mths Ago--	Guan Chong 1Q Net MYR19.7M Vs MYR151,000

TP -RM2.70