Analysts noted that the improvement in demand for upmarket chocolates will provide support for higher average selling prices (ASPs) for cocoa butter.
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.
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