KUALA LUMPUR: Guan Chong Bhd
, the world’s fourth-largest cocoa grinder, expects near-term demand for cocoa ingredients to remain moderate but is optimistic of a recovery as declining bean prices support longer-term consumption.
Managing director and CEO Brandon Tay Hoe Lian said lower bean prices are easing working capital pressures and reducing financing needs, while efforts to pare gearing are expected to help lift profit margins.
