Softening grinding volumes a negative for Guan Chong

RHB Research said it remains constructive on Guan Chong’s outlook despite near-term earnings volatility.

PETALING JAYA: Asia’s largest cocoa grinder, Guan Chong Bhd, faces near-term earnings volatility as grinding volumes are expected to soften year-on-year in the third quarter of 2025 (3Q25).

However, on the bright side, demand visibility from customers going into 4Q25 appears strong, with pricing dynamics suggesting margin remains healthy in the second half of 2025 (2H25).