August 24, 2016 12:35 PM ET

Capital Markets

Company Overview of Kenanga Investment Bank Berhad

Company Overview

Kenanga Investment Bank Berhad primarily provides investment banking, stock broking, and related financial services in Malaysia. It operates through Stockbroking, Investment Banking, Investment Management, and Futures segments. The company’s products and services include corporate and institutional coverage, corporate finance, debt and equity capital markets, corporate banking, Islamic finance, equity broking, equity derivatives and structured products, and treasury, as well as investment research and advisory services. It is also involved in the provision of nominee services. The company was formerly known as K & N Kenanga Berhad and changed its name to Kenanga Investment Bank Berhad in 200...

Kenanga International

8th Floor

Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Key Executives for Kenanga Investment Bank Berhad

Managing Director, Director, Member of Board Special Committee and Managing Director of K & N Kenanga Holdings Bhd Group
Age: 52
Chief Operating Officer
Head of Equity Broking
Head of Sarawak, Sarawak Senior Director, Head of Branch and Branch Head of Operations for Kuching
Group Chief Risk Officer
Compensation as of Fiscal Year 2016.

Kenanga Investment Bank Berhad Key Developments

Kenanga Investment Bank Berhad Enters into a Subscription Agreement and a Joint Venture Agreement with Rakuten Securities, Inc. and EB Global JV Sdn. Bhd

The Board of Directors of K & N Kenaga Holdings Berhad announced that Kenanga Investment Bank Berhad has on 8 April 2016 entered into a Subscription Agreement and a Joint Venture Agreement with Rakuten Securities, Inc. and EB Global JV Sdn. Bhd., to jointly collaborate in providing online brokerage services through the JV Company, subject to the relevant regulatory approvals being obtained.

Kenanga Investment Bank Berhad Announces Unaudited Group and Bank Earnings Results for Third Quarter and Nine Months Ended September 30, 2015

Kenanga Investment Bank Berhad announced unaudited group and bank earnings results for third quarter and nine months ended September 30, 2015. For the quarter, on group basis, the company reported interest income of MYR 59,292,000, net interest income of MYR 22,565,000, operating loss of MYR 13,583,000, loss before taxation and zakat of MYR 14,758,000, loss attributable to equity holder of the bank of MYR 12,126,000 or 1.57 sen per basic and diluted share, compared to the interest income of MYR 59,966,000, net interest income of MYR 19,447,000, operating profit of MYR 23,153,000, profit before taxation and zakat of MYR 23,956,000, profit attributable to equity holder of the bank of MYR 20,950,000 or 2.72 sen per basic and diluted share, for the same quarter a year ago. For the nine months period, on group basis, the company reported interest income of MYR 172,029,000, net interest income of MYR 62,378,000, operating loss of MYR 6,866,000, loss before taxation and zakat of MYR 5,688,000, loss attributable to equity holder of the bank of MYR 6,953,000 or 0.9 sen per basic and diluted share, net operating cash flow from operating activities of MYR 36,353,000, purchase of property, plant and equipment of MYR 4,083,000 compared to the interest income of MYR 161,628,000, net interest income of MYR 55,902,000, operating profit of MYR 28,971,000, profit before taxation and zakat of MYR 31,728,000, profit attributable to equity holder of the bank of MYR 25,981,000 or 3.37 sen per basic and diluted share, net operating cash flow used in operating activities of MYR 243,463,000, purchase of property, plant and equipment of MYR 10,990,000 for the same period a year ago. For the quarter, on bank basis, the company reported interest income of MYR 59,486 million, net interest income of MYR 20,255 million, operating loss of MYR 14,100 million, loss before taxation and zakat of MYR 15,928 million, loss for the period of MYR 12,108 million, compared to the interest income of MYR 50,437 million, net interest income of MYR 17,668 million, operating profit of MYR 1,833 million, profit before taxation and zakat of MYR 1,315 million, profit for the period of MYR 2,982 million, for the same quarter a year ago. For the nine months period, on bank basis, the company reported interest income of MYR 163,664 million, net interest income of MYR 55,911 million, operating loss of MYR 5,095 million, loss before taxation and zakat of MYR 7,479 million, loss for the period of MYR 6,363 million, net operating cash flow used in operating activities of MYR 51,128 million, purchase of property, plant and equipment of MYR 3,552 million compared to the interest income of MYR 149,896 million, net interest income of MYR 50,981 million, operating profit of MYR 11,066 million, profit before taxation and zakat of MYR 7,749 million, profit for the period of MYR 8,029 million, net operating cash flow used in operating activities of MYR 241,034 million, purchase of property, plant and equipment of MYR 8,509 million for the same period a year ago.

Kenanga Investment Bank Berhad Inks Strategic Cooperation Agreement with Yue Xiu Securities Holdings Limited

K & N Kenanga Holdings Berhad (‘Kenanga Group’) through its wholly-owned subsidiary, Kenanga Investment Bank Berhad (‘Kenanga Investment Bank’) inked a Strategic Cooperation Agreement with Yue Xiu Securities Holdings Limited (‘Yuexiu SHL’). Complementing the Strategic Cooperation Agreement between Kenanga Investment Bank and Yuexiu SHL, a Stockbroking Cooperation Agreement was signed between Kenanga Investment Bank and Yue Xiu Securities Company Limited (a subsidiary of Yuexiu SHL), while an Asset Management Cooperation Agreement was signed between Kenanga Investors Berhad (a subsidiary of Kenanga Investment Bank) and Yue Xiu Asset Management Limited (a subsidiary of Yuexiu SHL). These Agreements represent a strategic alliance that will enable the fostering of a symbiotic long term relationship in areas involving stockbroking and asset management as set out below, as well as the potential collaboration within the areas of futures broking, investment banking and financing activities. Equity broking: An inter-broker relationship to provide existing and prospective clients financial service and technical support on the respective Parties' stock markets. Asset management: Endeavour to cooperate on promoting and marketing the funds under the management by both parties, as well as, distributing on the basis of clients' demand in their respective region.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 28, 2016
Dijaya Plaza Tower in Jalan Tun Razak
Spin-Off/Split-Off
November 3, 2015
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