Combine the Glutinous rice and water in a sauce pan; bring to a boil for 10 minutes, while stirring occasionally to keep the rice from sticking to the bottom of the pan.
Dilute the cocoa powder in 3 tbsp. of hot water until dissolved and pour in the saucepan and mix well.
Mix the sugar, and salt into the rice; reduce heat to low and continue cooking until the rice is tender.
Add the thick coconut milk to the mixture and stir to combine.
Pour into a couple bowls and drizzle with condensed or evaporated milk and serve immediately.