At G-AsiaPacific, we’re fueled by innovation and dedicated to empowering our partners to achieve outstanding success. We’re excited to celebrate the remarkable growth of K-One Technology Bhd (KL: K1), a leading electronics manufacturing services (EMS) firm. As a wholly owned subsidiary of K-One, G-AsiaPacific is proud to contribute to this success story.
K-One’s Soaring Success
K-One’s share price has skyrocketed over 87% this year, fueled in part by strategic diversification efforts. Their expertise in AI development positions them for future growth, with capabilities in cybersecurity and software for AI-powered applications.
G-AsiaPacific: The Cloud Catalyst
Since joining the K-One family in 2019, G-AsiaPacific has played a pivotal role in propelling their cloud business to new heights. As a fully integrated cloud advisory and brokerage firm, we represent industry titans like Amazon Web Services (AWS), Google Cloud, Microsoft Cloud, and Alibaba Cloud.
Our combined expertise has been instrumental in driving record sales for K-One’s cloud business. They achieved RM75.1 million in FY2023, a significant increase from RM67.7 million the prior year. Cloud services now make up a substantial 45% of K-One’s overall revenue.
K-One’s Diversification Journey
Building on this momentum, K-One recently secured shareholder approval to venture into the healthcare sector. This exciting initiative involves leveraging their established EMS business to develop and manufacture medical devices.Additionally, they’re exploring the creation of their own brand of healthcare products, including mechanical ventilators.This strategic expansion is expected to contribute at least 25% to K-One’s net profit.
A Shared Vision for the Future
At G-AsiaPacific, we’re proud to be a part of K-One’s remarkable journey. We look forward to continued collaboration,empowering their success through our cloud expertise as they navigate the exciting opportunities in healthcare. Together, we’re committed to shaping a future of innovation and growth.
