Make It
Step 1
Combine sugar and water in medium, heavy-duty saucepan. Bring to a boil over medium heat. Stir in coconut milk and 1 cup evaporated milk. Whisk remaining 1/2 cup evaporated milk, rice flour and egg yolk in small bowl until blended. Gradually whisk rice flour mixture into the coconut mixture in saucepan.
Step 2
Bring to a boil again; reduce heat to simmer. Cook, stirring constantly, for about 35 minutes or until mixture is thickened. Pour coconut mixture into dessert cups. Refrigerate for at least 1 hour. Decorate with coconut flakes, if desired.
