01 -
Preheat your oven to 180°C with a rack in the middle. Prepare an un-greased loaf pan.
02 -
Place sugar in a small saucepan over medium heat. Without stirring, let the sugar melt and turn a golden amber color. Immediately remove from heat and pour evenly into the bottom of the loaf pan. Let it cool and harden.
03 -
In a large mixing bowl, whisk together condensed milk, coconut milk, eggs, vanilla extract, and shredded coconut. Pour the mixture over the caramel in the loaf pan.
04 -
Place the loaf pan in a larger dish and fill the larger dish with water until it reaches 1/4 up the sides of the loaf pan. Bake for 50-55 minutes until the top is golden and firm. Transfer to a cooling rack and let cool to room temperature. Chill in the fridge for at least 3 hours.
05 -
Place the pan in 2 inches of warm water to soften the caramel. Run a knife around the edges. Invert a plate over the pan and quickly turn over. Garnish with extra shredded coconut before serving.