OSK Holdings Bhd expects its revenue to increase by 15 to 16 per cent to RM1.2 billion in 2011 from RM1.01 billion last year.

'We foresee investment banking would continue to be our main growth contributor followed by stock brokering,' director Ong Leong Huat told reporters after the company's annual general meeting here today.

'We also hope if the market can perform better, our initial public offering (IPO) activities will also increase as last year we did five IPOs and right now we think we''re still on the track,' he said.

Meanwhile, chief executive officer U Chen Hock said the company wanted to see its local and overseas businesses to contribute equally to revenue.

'Currently, our business in Malaysia contributes 70 per cent to total revenue while the rest come from overseas,' he said.

He said OSK planned to enhance its presence in countries where it already had operations, and was focusing on Thailand, Indonesia and Cambodia. -- Bernama