OUR DIGITAL JOURNEY
2016
2016
Rakuten Joint Venture
Kenanga entered into a joint venture with Japanese internet giant Rakuten Group, Inc.
2017
Launch of Rakuten Trade
Kenanga and Rakuten jointly launched Rakuten Trade, Malaysia's first fully digital equity broker.
2019
2020
E-Wallet Launch with Merchantrade
Kenanga launched an e-wallet with Merchantrade and later acquired a 4.99% stake in the company.
2021
A Stake in Tokenize Xchange
Kenanga received approval from Securities Commission Malaysia to acquire 19% stake in Digital Asset Exchange Platform, Tokenize Xchange.
2022
Launch of a Robo-Advisory Platform
Kenanga launched a fully A.I.-driven robo-advisory platform, Kenanga Digital Investing.
2017
Back Office Digitalisation
Kenanga completed back office digitalisation to enhance efficiencies.
2017
2019
Launch of Remisier Portal
Kenanga launched a new portal to enable remisiers to work remotely.
2020
2020
Partnership with CapBay
Kenanga entered into partnership with CapBay to digitalise first-in-Malaysia factoring solution unifying both, private and public sector receivables under one platform.
2021
2021
Fintech Fund
Kenanga signed a collaboration agreement with Malaysia Debt Ventures Berhad to jointly establish a Fintech Fund aimed at developing the venture capital industry in Malaysia.
2022
OUR DIGITAL JOURNEY
2016
2016
2016
Rakuten Joint Venture
Kenanga entered into a joint venture with Japanese internet giant Rakuten Group, Inc.
2017
2017
Launch of Rakuten Trade
Kenanga and Rakuten jointly launched Rakuten Trade, Malaysia's first fully digital equity broker.
2017
Back Office Digitalisation
Kenanga completed back office digitalisation to enhance efficiencies.
2019
2019
Launch of Remisier Portal
Kenanga launched a new portal to enable remisiers to work remotely.
2020
2020
E-Wallet Launch with Merchantrade
Kenanga launched an e-wallet with Merchantrade and later acquired a 4.99% stake in the company.
2020
Partnership with CapBay
Kenanga entered into partnership with CapBay to digitalise first-in-Malaysia factoring solution unifying both, private and public sector receivables under one platform.
2021
2021
A Stake in Tokenize Xchange
Kenanga received approval from Securities Commission Malaysia to acquire 19% stake in Digital Asset Exchange Platform, Tokenize Xchange.
2021
Fintech Fund
Kenanga signed a collaboration agreement with Malaysia Debt Ventures Berhad to jointly establish a Fintech Fund aimed at developing the venture capital industry in Malaysia.
2022
2022
Launch of a Robo-Advisory Platform
Kenanga launched a fully A.I.-driven robo-advisory platform, Kenanga Digital Investing.
MESSAGE FROM CHAIRMAN
ACHIEVING SUCCESS WITH INTEGRITY, OUR CORE PRIORITY

Dear Shareholders,

It gives me great pleasure to report that Kenanga Investment Bank Berhad ("KIBB" or "Kenanga Investment Bank") and its group of companies ("Kenanga Group" or "the Group") recorded its second consecutive best performing year since it became an investment bank. This solid performance was delivered despite the most challenging of circumstances characterised by the ongoing challenges of the COVID-19 pandemic and the continuing disruptions besetting the global and domestic markets.
TAN SRI DATO' SERI SYED ANWAR JAMALULLAIL
Chairman
ACHIEVING SUCCESS WITH INTEGRITY, OUR CORE PRIORITY

Dear Shareholders,

It gives me great pleasure to report that Kenanga Investment Bank Berhad ("KIBB" or "Kenanga Investment Bank") and its group of companies ("Kenanga Group" or "the Group") recorded its second consecutive best performing year since it became an investment bank. This solid performance was delivered despite the most challenging of circumstances characterised by the ongoing challenges of the COVID-19 pandemic and the continuing disruptions besetting the global and domestic markets.
TAN SRI DATO' SERI SYED ANWAR JAMALULLAIL
Chairman
Historic Results
Profit Before Tax
RM 148.2
million
RM 148.2
million
Profit After Tax
RM 118.8
million
RM 118.8
million
Dividend Declared
10.5
sen
RM 10.5
sen
Earnings Per Share
16.3
sen
RM 16.3
sen
Annualised Return on Equity
11.6
%
11.6
%
GROUP MANAGING DIRECTOR'S MANAGEMENT DISCUSSION & ANALYSIS
SECOND CONSECUTIVE BEST PERFORMING YEAR THROUGH INNOVATION AND DIVERSIFICATION

Dear Shareholders,

While there were signs of recovery in 2021 with economies around the world gradually reopening after protracted lockdowns caused by the COVID-19 pandemic, its rebound was hampered by new threats, particularly the spread of the Delta and Omicron variants, which spurred the continuing interruptions to supply, concerns about inflation, as well as financial and social stresses from almost two years of constant disruptions.
DATUK CHAY WAI LEONG
Group Managing Director
SECOND CONSECUTIVE BEST PERFORMING YEAR THROUGH INNOVATION AND DIVERSIFICATION

Dear Shareholders,

While there were signs of recovery in 2021 with economies around the world gradually reopening after protracted lockdowns caused by the COVID-19 pandemic, its rebound was hampered by new threats, particularly the spread of the Delta and Omicron variants, which spurred the continuing interruptions to supply, concerns about inflation, as well as financial and social stresses from almost two years of constant disruptions.
DATUK CHAY WAI LEONG
Group Managing Director
OUR PERFORMANCE REVIEW

Stockbroking division maintained a PBT of RM86.4 million, similar to the PBT of the year before.

Investment Banking division registered PBT of RM20.6 million, compared to RM34.0 million over the previous year.

The Group's Asset and Wealth Management division recorded exceptional growth in registering a PBT of RM34.9 million, almost tripling the PBT of RM13.6 million from 2020.

Given the markets' volatility that led to increase in hedging activities on Derivatives Exchanges, Kenanga Futures Sdn Bhd ("KFSB") registered a lower loss before tax ("LBT") of RM1.8 million, relative to the LBT of RM2.7 million in 2020.

The Group's Structured Lending and Trade Financing division recorded a PBT of RM1.6 million compared to RM1.9 million the preceding year.
FIVE (5)-YEAR GROUP FINANCIAL HIGHLIGHTS
OUR SUSTAINABILITY APPROACH
As a leading independent investment bank, Kenanga is committed to promoting and adopting business-relevant sustainable practices by embedding ESG in our core business strategy and operations while considering the ESG risks and opportunities in shaping up sustainable investment products and services towards contributing to the best interests of our stakeholders.

Sustainable Economic Growth

Integrate ESG factors into our business decisions and value chain, and manage ESG risks and opportunities as we innovate to build a sustainable future.

Environmental Stewardship

Promote climate positive culture within the organisation and relevant external stakeholders to attain a low carbon economy.

Empowering People and Communities

Create a positive impact on our employees, clients, business associates, as well as communities in need.

Good Governance

Lead a responsible business underpinned by a robust compliance culture and high levels of ethical standards.

HOW WE ARE GOVERNED

CORPORATE GOVERNANCE OVERVIEW STATEMENT

The Board of Directors ("Board") regards corporate governance as vital to the success of the business of Kenanga Investment Bank Berhad ("KIBB" or "the Company") and is unreservedly committed to applying the principles necessary to ensure that the principles of good governance are practised in all of its business dealings and operations.

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ETHICS AND COMPLIANCE STATEMENT

2021 was another challenging year with corporations worldwide still grappling to recover from the impact of COVID-19 pandemic. This has altered business climate and places greater emphasis on responding and adapting to the changes in the operating environment. As corporations strive to improve their operations and resilience, the significance of corporate governance and internal controls are becoming more evident than ever.

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STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL

Pursuant to Paragraph 15.26(b) of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Malaysia"), a listed issuer must ensure that its Board of Directors ("Board") includes in its annual report a statement about the state of its risk management and internal controls as a group. In addition, the Malaysian Code on Corporate Governance also stipulates that the Board should maintain a sound system of internal controls, including a review of its effectiveness to safeguard Shareholders' investments and the Group's assets.

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HOW WE ARE GOVERNED

48TH ANNUAL GENERAL MEETING
  Time         Broadcast Venue

Thursday

26 May 2022

 

11.00 AM

 

Level 19, Kenanga Tower

237, Jalan Tun Razak, 50400 Kuala Lumpur,

Wilayah Persekutuan, Malaysia

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