Preheat oven to 350℉. Grease a 6 mini bundt cake pan with oil or butter. Set aside. 6 Cavity, 42 x 26.7 cm (16.5 x 10.5 in). Check notes for cake pan details.
In a large mixing bowl, combine sugar, eggs, oil, coconut milk, and coconut extract, then whisk to combine.
Now sift in the flour or sifted flour, baking powder, salt and ¼ cup shredded coconut. Mix until everything is well combined.
Using an ice cream scoop or spoon, fill each greased cavity about ¾ full.
Bake 30-35 minutes until the edges are brown, or a cake tester or spoon inserted in the center comes out clean.
Let the cakes cook in the pan for about 5 minutes, then transfer to the cooling rack to continue cooling. You can serve at this point after cooling.
Rub some syrup on top of the cooled cake using a brush and sprinkle 1-2 tablespoon shredded coconut. This is optional.