Home Capital Broker's Calls

Rising chocolate consumption bodes well for JB Foods

Samantha Chiew
Samantha Chiew10/15/2018 11:24 AM GMT+08  • 2 min read
Rising chocolate consumption bodes well for JB Foods
SINGAPORE (Oct 15): JB Foods is a cocoa-processing company, which listed in July 2012, with operations in Malaysia and Indonesia.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 15): JB Foods is a cocoa-processing company, which listed in July 2012, with operations in Malaysia and Indonesia.

Its processing capacity of 145,000mt per annum ranks it as one of the top 10 players worldwide, behind Barry Callebaut, Cargill and Olam International. The group supplies cocoa ingredients to both trading houses and confectionery producers, and counts international brands like Mars, Nestle and Hershey among its long-standing customers.

In an unrated report by CGS-CIMB, analyst Ngoh Yi Sin says, “The rising consumption of chocolate by emerging economies and improved consumer awareness is driving the global demand for cocoa, in our view.”

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.