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This World-Beating Stock May Just Be Everyone's Cup of Cocoa

Dark chocolate seen as healthier and demand is increasing
Processor mulls more capacity in bean-producing countries

These Asian Chocolatiers Are Spicing Up the Global Sweets Scene — Photographer: Nadirah Zakariya/Bloomberg

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April 21, 2019, 9:00 PM UTCUpdated onApril 22, 2019, 9:27 AM UTC

Chocolate demand in Asia is booming, and this Malaysian company sits at the epicenter.

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.