The Group’s sterling performance
in FY2007 reflects the dedicated commitment of the entire
Kian Ann team in bringing
the Group to greater heights.
We will continue to focus on raising internal efficiencies,
leveraging our sourcing abilities and expanding our suite
of product offerings. We will also intensify our efforts
to expand our current market share in more than 50 countries
that we are distributing to, and tap on other emerging markets
in Asia. Given the healthy economic outlook in most of the
Asia Pacific countries, we expect demand for our products
to remain strong. The Group will also continue to seek synergistic
investment opportunities to complement its existing core
business.
Going forward, the Group believes KAS is well-poised to
benefit positively from the robust economic outlook in China,
and will continue to improve its growth momentum.
We also expect our newly formed subsidiary
KCHI to continue to contribute to the Group’s growth
in FY2008 by seizing new business opportunities, broadening
its product offerings,
customer segments and global reach.
The Group is in a favourable position to capitalise on its
leading edge in the heavy machinery parts distribution business.
Barring any unforeseen circumstances, we expect our business
prospects in FY2008 to be positive.
