SINGAPORE (Apr 9): Ian Ong, CEO of Samurai 2K Aerosol, is getting ready to enter the US market in a big way later this year. But he is not worried about a possible trade war. “We are a small business, they won’t disturb us,” Ong tells The Edge Singapore.

Samurai 2K, the best-performing IPO last year, has been reporting strong growth. For the half year ended Sept 30, 2017, earnings increased 330.5% y-o-y to RM6.4 million ($2.2 million), or 6.44 sen a share. Revenue doubled to RM34.5 million. Its net asset value as at Sept 30 was 31.04 sen, up from 24.78 sen a year earlier.

Most of the company’s revenue comes from selling aerosol spray paint cans to motorcycle owners in Southeast Asia who are looking to give their two-wheelers a new coat. Ong now wants to offer US truck owners the same option for their four-wheelers.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook