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 Futures Sdn Bhd’s annual retail campaign is back. Coined ‘Into The Future’, the campaign aims to reward new and existing customers who trade derivatives contracts in Bursa Malaysia Derivatives Berhad (“BMD”), CME Group Products (“CME”) and Hong Kong Futures Exchange (“HKFE”), from 1 August 2020 to 31 October 2020.

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.

Kenanga Investment Bank Berhad (“Kenanga Investment Bank”) today announced the appointment of its new Chairman, Y.A.M. Tan Sri Dato' Seri Syed Zainol Anwar Ibni Syed Putra Jamalullail (“Tan Sri Syed Anwar Jamalullail”), effective 1 July 2020.

Kenanga Investors Berhad picked up a total of five (5) awards including Overall Best Fund Manager for Malaysia Pension - Mixed Assets and Best Equity - Malaysia Islamic