Chop the peanuts. Set aside.

Pour condensed milk on a cooking pot. Let boil. Stir constantly while boiling for 10 minutes.

Lower the heat. Add chopped peanuts. Continue cooking while stirring for another 10 minutes or until consistency becomes paste-like.

Transfer yema mixture to a bowl.

Start wrapping the yema candies individually on a pre-cut cellophane. (Note: The dimensions of my cellophane were 4x4 inches. You can decrease the dimension for smaller candies.)

Let it cool down before eating. Share and enjoy!