ACE market debutant A1 AK Koh Group to tap into new markets next year
Chief executive officer Koh Lian Jie said the company is looking to appoint one or two distributors locally and internationally to help expand its reach within the segment.
"We are also working to strengthen our export market by identifying more overseas distributors to help penetrate foreign markets," he told a press conference after the company's listing ceremony here today.
A1 AK Koh Group Bhd made its ACE Market debut today with its share price opening flat at 25 sen, unchanged from the initial public offering (IPO) price, with 30.44 million shares traded.
Koh did not disclose specifically the countries the company is targeting, but said its focus would be on Western countries as it aims to introduce locally flavoured products such as laksa.
The company is also actively participating in exhibitions such as Food and Hotel Asia (FHA) and the Thailand International Food Exhibition (TIFEX) to seek potential customers.
On the company's outlook, Koh said demand for its products is expected to rise moderately next year. It foresees a stronger pickup in 2027 once its new factory is operational.
The company said in its prospectus that the new factory comprises two buildings - a production floor spanning 17,000 square feet (sq ft) and a storage area of 17,000 sq ft.
The buildings are expected to be completed by the fourth quarter of 2026 (4Q 2026), while the semi-automated production line is scheduled to be operational in 4Q 2027.
The company is targeting a five to 10 per cent growth within two years by capturing market share from competitors.
It aims to raise revenue contribution from exports to 35 per cent from the current 22 per cent and reduce domestic contribution to 65 per cent from 77 per cent, Koh said. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
3 hours ago
- Barnama
ACWA Power's Commitment Boosts Malaysia As Key Regional Energy Player
KUALA LUMPUR, Aug 6 (Bernama) -- ACWA Power's commitment to choose Malaysia to house its main hub in Southeast Asia has strengthened the country's position as a key player in regional sustainable energy and supports efforts toward a low-carbon economy, said Prime Minister Datuk Seri Anwar Ibrahim. Welcoming the world's largest water desalination company's decision to invest in clean energy infrastructure nationwide, Anwar said this is another positive development from the close cooperation between Malaysia and Saudi Arabia, especially following his meeting with the ACWA Power founder during the recent ASEAN-Gulf Cooperation Council (GCC) Summit. On May 27, ACWA Power signed a memorandum of understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to facilitate the implementation of strategic investment projects in clean energy infrastructure across Malaysia.
Borneo Post
4 hours ago
- Borneo Post
MITI projects 2025 approved investments of RM104 bln for manufacturing, services
Tengku Zafrul says this projection takes into account GDP forecast, projects currently under evaluation, and potential projects. – Bernama photo KUALA LUMPUR (Aug 6): The Investment, Trade and Industry Ministry (MITI) has projected 2025's approved investments to amount to RM104 billion involving manufacturing and selected services sectors under the purview of the Malaysian Investment Development Authority (MIDA). Its Minister Tengku Datuk Seri Zafrul Abdul Aziz said this projection takes into account gross domestic product (GDP) forecast, projects currently under evaluation, and potential projects. 'Based on MIDA's investment statistics, the first quarter of 2025 approved investments were RM89.8 billion, a 3.7 per cent increase compared to the same period in 2024. 'Therefore, considering the increasing trend of investment applications to MIDA, the investment outlook is expected to maintain positive for the whole of 2025,' he said in a written reply on the Parliament's website today in response to Datuk Dr Ku Abd Rahman Ku Ismail (PN-Kubang Pasu) who asked for the government's 2025 investment projection as well as the measures to ensure that export and investment values are not severely affected by rising US tariffs and global geopolitical uncertainty. Tengku Zafrul said the projection remains unchanged for now as the tariff impact is mainly felt by companies that rely heavily on the US market. He added that MITI currently has no plans to revise its 2025 trade growth targets despite the US imposing a 19 per cent tariff. MITI will continue to monitor current developments, especially exports to the US market, and formulate appropriate mitigation strategies, he said. 'Trade performance is expected to experience a slight decline in the second half of 2025 due to reduced demand from the US following the tariff enforcement. 'A more significant impact is expected to be felt in the first quarter of 2026, when trade activity resumes post-tariff implementation,' he said. MITI had previously projected a 5 per cent rise in Malaysia's total trade value to RM3.01 trillion against RM2.87 trillion in 2024. Meanwhile, he said US President Donald Trump's latest announcement on the 19 per cent tariff rate has opened a strategic opportunity for Malaysia to remain competitive alongside other trading partners, especially among ASEAN member states with similar tariff rates. 'It should be emphasised that Malaysia successfully secured a lower tariff rate without having to compromise on core policies or national sovereignty,' he said. However, he acknowledged that the tariff rate will still have an impact on export and investment performance, and in turn, affect Malaysia's economy. In the long term, he said the imposition of high reciprocal tariffs will cause a global economic slowdown, including in Malaysia, due to rising prices and declining demand, which will indirectly affect Malaysia's economic growth rate and the global economy in general. – Bernama export and mitigation tariff Tengku Zafrul trade
New Straits Times
5 hours ago
- New Straits Times
Trump slaps additional 25pct tariff on India over Russian oil trade
WASHINGTON: US President Donald Trump on Wednesday ordered an additional 25 per cent tariff on Indian goods over New Delhi's continued purchase of Russian oil, a key revenue source for Moscow's war in Ukraine. The tariff, set to take effect in three weeks, comes on top of a separate 25 per cent duty entering into force on Thursday, according to the text of the executive order released by the White House. The order also threatens potential penalties on other countries deemed to be "directly or indirectly importing Russian Federation oil." Exemptions remain for items targeted by separate sector-specific duties such as steel and aluminium, and categories that could be hit like pharmaceuticals. Trump has been ramping up pressure on India after signaling fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, as Russia's devastating invasion of its pro-western neighbour drags on. India's national security adviser was in Moscow on Wednesday, media in New Delhi reported, coinciding with a visit by US envoy Steve Witkoff. India's foreign ministry earlier said US pressure to stop it buying Russian oil was "unjustified and unreasonable" and that it would protect its interests.--AFP
