Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced a consolidated profit after tax and non-controlling interest (“PATNCI” or “net profit”) of RM102.1 million for the full year ended 31 December 2020 (“FY20”). The full year net profit almost quadrupled from the previous year and is the highest ever recorded in the Group’s history as an investment bank. Consolidated revenue rose to RM973.8 million in FY20 from RM651.3 million in FY19.

Accelerating its digital agenda, Kenanga Investment Bank Berhad via its wholly-owned private equity arm, Kenanga Private Equity Sdn Bhd, today entered into a conditional agreement to acquire 19.0% equity interest in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia).

Kenanga Investment Bank Berhad today announced its acquisition of i-VCAP Management Sdn Bhd via Kenanga Investors Bhd, its fully owned subsidiary, following approval by the Securities Commission of Malaysia. i-VCAP is an award-winning, Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded funds.

Kenanga Investment Bank Berhad (“Kenanga Group”) today announced its third quarter financial results (“3Q20”). Profit before tax ("PBT") for the quarter topped RM63.3 million, a seven-fold hike from the same period last year. Consolidated PBT for the first nine months, rose to RM81.6 million, highest in over 10 years for the country’s leading independent investment bank.

For the quarter under review, net income stood at RM289.5 million, a surge from the corresponding period of RM110.5 million. Net income for the nine-month ended 30 September 2020, stood at RM577 million, an increase of 72% from the same period last year.

Over-subscribed by almost 30%, the exercise raised approximately RM237.6 million, making it the country’s largest underwritten rights issue of 2020.

JAKS Resources Berhad (“JAKS”) has successfully completed its Renounceable Rights Issue of approximately 1.08 billion new ordinary shares in JAKS (“Rights Shares”), together with approximately 0.54 billion free detachable warrants in JAKS (“Warrants”). Both Rights Shares and Warrants are listed on the Main Market of Bursa Malaysia today.

Kenanga Investment Bank Berhad (Kenanga Group) has acquired 4.99% equity interest in Merchantrade Asia Sdn Bhd (Merchantrade), Malaysia’s leading e-money player and the country’s largest Money Services Business operator. This follows Kenanga’s recent collaboration with Merchantrade to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money.

Kenanga Investment Bank Berhad (Kenanga) today announced its partnership with Merchantrade Asia Sdn Bhd (Merchantrade) to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money, which will be supported by a Visa prepaid card feature.

Kenanga Investment Bank Berhad (“Kenanga Group”) today announced its second quarter financial results (“2Q20”). Profit before tax ("PBT") stood at RM25.9 million, an increase of three folds from same period last year.

Kenanga Investment Bank Berhad’s (“KIBB”) subsidiary, Kenanga Capital Islamic Sdn Bhd (KCI) has partnered with award-winning digital supply chain financing company, Bay Group Holdings Sdn Bhd (CapBay), in a bid to transform the traditional factoring market in Malaysia.

Kenanga Investment Bank Berhad (“Kenanga Group”) was awarded 7 accolades out of the 21 categories at the coveted annual Bursa Excellence Awards event held at the Bursa Malaysia Listing Gallery today.