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This World-Beating Stock May Just Be Everyone's Cup of Cocoa
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This World-Beating Stock May Just Be Everyone's Cup of Cocoa
The shares of Guan Chong Bhd. have soared more than 170 percent in the past year in Kuala Lumpur as profits doubled, making the producer of chocolate ingredients the best performer on the Bursa Malaysia Consumer Product Index. The MSCI All Country World Index of stocks is broadly flat in the past year. For Chief Executive Officer Brandon Tay Hoe Lian, Asia’s biggest cocoa bean processor has been riding a wave of improved margins and higher sales.
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