PETALING JAYA: The demand for cocoa powder remains robust even during the coronavirus (Covid-19) pandemic due to its diversified usage and this is a positive factor for cocoa grinder GUAN CHONG BHD
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RHB Research said this was due to the diversified usage of cocoa powder such as for baking, beverages and compound chocolate, among others.
While there has been some deferment of shipments, there has been no order cancellations to date and Guan Chong has locked in some 90% of its financial year 2020 (FY20) sales, with the remaining capacity facing some delays in take-up, given the softer demand and living income differential (LID) issue.
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