KUALA LUMPUR (Oct 11): Komarkcorp Bhd is shifting its focus towards Southeast Asia, aiming to expand its operations in countries in the region as the group faces increasing competition in the China market. For the financial year ended July 31, 2016 (FY16), China sales made up about half the group's revenue for the year, while the balance is made up by its ASEAN operations. However, our ASEAN operations saw a 16% rise in revenue contribution. Komarkcorp will subsequently shift two units of its existing machinery in Malaysia to its operations in Indonesia and the Philippines. At 12.35pm, Komarkcorp was unchanged at 40.5 sen, giving it a market capitalisation of RM50.48 million.

Source: The Edge Markets October 11, 2016 07:07 UTC