PETALING JAYA: Demand for premium chocolates could see an uptick with the expected recovery in the tourism industry, potentially giving cocoa products maker Guan Chong Bhd a sweet boost. The group is principally involved in the manufacturing of cocoa-derived food ingredients, namely, cocoa mass, cocoa butter, cocoa cake and cocoa powder. Analysts noted that the improvement in demand for upmarket chocolates will provide support for higher average selling prices( ASPs) for cocoa butter. Consequent
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2022-01-17 00:00:00.0