Guan Chong in for a strong fourth quarter

The research house said cocoa bean prices should remain relatively stable, with estimated bean surplus to carry over into 2021 and 2022, according to the International Cocoa Organisation.

PETALING JAYA: Guan Chong Bhd is expected to see a stellar fourth quarter 2021 (Q4’21), in line with the recovery seen in global cocoa demand from performances of major grinders, according to RHB Research.

The research house said cocoa bean prices should remain relatively stable, with estimated bean surplus to carry over into 2021 and 2022, according to the International Cocoa Organisation.