A1 A.K. Koh Group Berhad IPO's Analysis

A1 A.K. Koh Group Berhad

A1 A.K. Koh Group Berhad is an investment holding company. Its subsidiaries are principally involved in the manufacturing, marketing, supply and/or distribution of processed F&B products under the Group’s in-house brands (A1 AK Koh, Dragon Horse, Sky King, Bao Dao, MaccEagle, Sun, Lion) and third-party brands. They also provide contract manufacturing and sourcing services for processed F&B products. Key manufacturing facilities are in Senai, Johor (Malaysia) and Long An Province, Vietnam. The Group has over 340 SKUs, including premix spices, premade pastes, seasonings, snacks, noodles, canned seafood, and beverages.

IPO Details
Market: ACE
Principal Adviser: AmInvestment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.25
PE Ratio: 17.7-22.4
    PE (FYE): 17.67
    PE (FPE Annualised): 22.37
    PE (Hybrid): 20.96
MITI allocation?: Yes
Closing Date: 30-Jun-2025
Balloting Date: 03-Jul-2025
Listing Date: 11-Jul-2025
Oversubscription rate: 0.11x
Average Analysts FV :
TA (0.27), Mplus (0.27), RHB (0.29)
iSaham IPO Score :
Market Cap: 210.00 M
Number of Shares: 840.00 M
IPO Allocations No. of Shares %
Malaysian Public 42.00 M 5.0%
Bumiputera shareholders approved by MITI 105.00 M 12.5%
Eligible Directors and employees 8.4 M 1.0%
Private placement to selected investors and others 63.0 M 7.5%
Total Allocations 218.40 M 26.0%

Offer for Sales of 109.20 M existing shares representing 13.0% enlarged shares.

Public Issue of 109.20 M new shares representing 13.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Construction of a new factory 5,000 18.32
Expansion Upgrading of existing manufacturing facility at PLO 81 1,800 6.59
Expansion Marketing expenses and promotional activities 8,000 29.31
Working capital General working capital 4,000 14.65
Listing expenses Estimated listing expenses 4,500 16.48
Debt Repayment of bank borrowings 4,000 14.65
Total 27,300 100
Analyst Highlights
Date Analyst Highlights
30-Jun-2025
RHB
  • A1AKK is well-positioned to capture structural growth in the processed F&B segment.
  • Project a robust 43.9% earnings growth in FY26F post-listing, underpinned by efforts to deepen market penetration.
  • A1AKK has earmarked MYR6.8m to construct a new facility dedicated to premade pastes.
26-Jun-2025
TA
  • AI AKK has accredited and award-winning product offerings.
25-Jun-2025
Mplus
  • Diversified range of product portfolio with experience for product innovation.
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
A1 A.K. Koh Group Berhad's Latest News