Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced its first quarter financial results for the period ended 31 March 2021 (“1Q21”). The Group recorded profit after tax and non-controlling interest (“PATNCI” or “net profit”) of RM34.2 million for the quarter, an increase of RM41.1 million relative to RM6.9 million net loss from 1Q20. The previous net loss was mainly due to provision of credit loss expenses which has progressively been reversed over the quarters.

Kenanga Investors Berhad’s (“Kenanga Investors”) Kenanga SyariahEXTRA Fund (“KSEF”) was awarded Best Mixed Asset MYR Balanced for 3 Years and 5 Years at the Refinitiv Lipper Fund Awards 2021 – Global Islamic (“the Awards”) bringing the total number of awards the fund has won this year to six.

Kenanga Investors Berhad (“Kenanga Investors”) received a total of seven (7) awards at the Refinitiv Lipper Fund Awards Malaysia 2021. Kenanga Investors won the overall best Malaysia Islamic Funds Group Awards (Equity) and Malaysia Provident Funds Group Awards (Mixed Assets) categories. This year remains the fourth occasion the firm has won under the Malaysia Islamic Fund (Equity) Group category.

Kenanga Investors Berhad today announced the launch of Kenanga Waqf Al-Ihsan Fund with Yayasan Waqaf Malaysia as the Fund’s appointed waqf recipient and administrator.

Kenanga Investment Bank Berhad is proud to have been recognised in 7 out of 22 categories, at the annual prestigious Bursa Excellence Awards held on Friday, 9 April 2021.

Kenanga investors Berhad has declared a final income distribution of RM256.0 million for 21 retail funds till March 2021 adding to the earlier RM275.7 million that has been distributed and also income repatriation during the course of 2020, making it a record-breaking total distribution amount of RM531.7 million for its clients for financial year 2020.

Malaysia Debt Ventures Berhad and Kenanga Investment Bank Berhad today announced the establishment of a Fintech Fund, with a target fund size of RM300.0 million to support the growth of Fintech companies and further develop the Venture Capital industry in Malaysia.

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.