Guan Chong to raise cocoa production capacity

RHB Research said Guan Chong’s production growth in both its Ivory Coast (tax-free) and UK plants would serve as medium-term catalysts for the company.

PETALING JAYA: Robust cocoa demand will continue to drive Guan Chong Bhd’s financial performance through the remaining quarters of its financial year ending Dec 31, 2024.

The cocoa product and chocolate manufacturer, which had a strong start to the current financial year, is already working at raising its production capacity to support growth.