January 18, 2017 1:23 PM ET

Capital Markets

Company Overview of K & N Kenanga Holdings Berhad

Company Overview

K & N Kenanga Holdings Berhad, an investment holding company, engages in the provision of investment banking products and services in Malaysia and internationally. The company conducts its operations through Investment Bank, Stockbroking, Futures Broking, Money Lending and Financing, Investment Management, and Corporate and Others segments. It offers investment solutions, including corporate banking, corporate finance, debt finance markets, equity broking, equity capital markets, global equity trading, private equity, and investment management solutions, as well as listed derivatives, retirement solutions, and structured warrants. The company also provides treasury products and services, suc...

Kenanga International

8th Floor

Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Founded in 1973

Phone:

60 3 2164 9080

Fax:

60 3 2161 4990

Key Executives for K & N Kenanga Holdings Berhad

Group Managing Director and Director
Age: 52
Co-Founder and Chairman
Age: 88
Group Chief Financial Officer
Age: 46
Chief Executive Officer of Kenanga Capital Sdn Bhd and Acting Chief Executive Officer of Kenanga Capital Islamic Sdn Bhd
Chief Executive Officer of Kenanga Deutsche Futures Sdn Bhd and Head of Listed Derivatives - Kenanga Deutsche Futures Sdn Bhd
Compensation as of Fiscal Year 2016.

K & N Kenanga Holdings Berhad Key Developments

K & N Kenanga Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

K & N Kenanga Holdings Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of MYR 22,780,000 compared to MYR 22,368,000 a year ago. Net income was MYR 107,008,000 compared to MYR 80,847,000 a year ago. Profit before taxation and zakat was MYR 10,335,000 compared to loss before taxation and zakat of MYR 15,672,000 a year ago. Profit attributable to equity holders of the parent was MYR 5,966,000 or 0.83 sen per basic and diluted share compared to loss attributable to equity holders of the parent of MYR 13,059,000 or sen per basic and diluted share a year ago. For the nine months, the company reported net interest income of MYR 65,770,000 compared to MYR 62,329,000 a year ago. Net income was MYR 310,974,000 compared to MYR 276,696,000 a year ago. Profit before taxation and zakat was MYR 29,265,000 compared to loss before taxation and zakat of MYR 3,925,000 a year ago. Profit attributable to equity holders of the parent was MYR 17,844,000 or 2.47 sen per basic and diluted share compared to loss attributable to equity holders of the parent of MYR 6,246,000 or 0.86 sen per basic and diluted share a year ago. Net operating cash outflow was MYR 130,498,000 compared to MYR 59,672,000 a year ago.

K & N Kenanga Holdings Berhad To Be Delisted From Main Market Of Bursa Securities

Kenanga IB announced that the transfer of Identified Assets and Liabilities of K & N Kenanga Holdings Berhad (KNKH) to Kenanga IB had been completed on 1 November 2016. Kenanga IB announced that on 1 November 2016, KNKH and Kenanga IB had respectively lodged the orders of the High Court of Malaya confirming, on 10 October 2016, the special resolution for the KNKH Capital Reduction and Repayment and the special resolutions for the Kenanga IB Capital Reduction and the Kenanga IB Par Value Adjustment with the Companies Commission of Malaysia. Simultaneous with the implementation of the KNKH Capital Reduction and Repayment, KNKH had on even date issued two new KNKH Shares to Kenanga IB, such that KNKH becomes a wholly-owned subsidiary of Kenanga IB. In this regard, Kenanga IB is announced that the KNKH Capital Reduction and Repayment had been completed following the crediting of the New Kenanga IB Shares into the accounts of the Entitled Shareholders held under the Central Depository System. KNKH will be delisted from the Main Market of Bursa Securities and Kenanga IB will assume the listing status of KNKH with effect from 9.00 a.m., November 2, 2016.

K & N Kenanga Holdings Berhad Reports Unaudited Consolidated and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

K & N Kenanga Holdings Berhad reported unaudited consolidated and company earnings results for the second quarter and six months ended June 30, 2016. For the quarter, on consolidated basis, the company reported net interest income of MYR 22,112,000 against MYR 20,661,000 for the same period in the last year. Net income was MYR 98,947,000 against MYR 93,255,000 for the same period in the last year. Profit before taxation and zakat was MYR 7,187,000 against MYR 1,727,000 for the same period in the last year. Profit for the financial period was MYR 4,252,000 against MYR 844,000 for the same period in the last year. Profit for the period attributable to equity holders of the parent was MYR 4,078,000 or 0.56 sen per diluted share against MYR 606,000 or 0.08 sen per diluted share for the same period in the last year. For the six months, on consolidated basis, the company reported net interest income of MYR 42,900,000 against MYR 39,961,000 for the same period in the last year. Net income was MYR 203,966,000 against MYR 195,849,000 for the same period in the last year. Profit before taxation and zakat was MYR 18,930,000 against MYR 11,747,000 for the same period in the last year. Profit for the financial period was MYR 12,312,000 against MYR 7,243,000 for the same period in the last year. Profit for the period attributable to equity holders of the parent was MYR 11,878,000 or 1.64 sen per diluted share against MYR 6,813,000 or 0.93 sen per diluted share for the same period in the last year. Cash used in operations was MYR 41,195,000 against MYR 390,418,000 for the same period in the last year. Net operating cash flow was MYR 57,931,000 against cash outflow of MYR 296,471,000 for the same period in the last year. Net assets per share was MYR 1.21. For the quarter, on company basis, the company reported net interest income of MYR 459,000 against MYR 888,000 for the same period in the last year. Net income was MYR 5,090,000 against MYR 6,745,000 for the same period in the last year. Loss before taxation and zakat was MYR 1,170,000 against MYR 334,000 for the same period in the last year. Loss for the financial period was MYR 1,532,000 against MYR 779,000 for the same period in the last year. Loss for the period attributable to equity holders of the parent was MYR 1,532,000 or 0.21 sen per diluted share against MYR 779,000 or 0.11 sen per diluted share for the same period in the last year. For the six months, on company basis, the company reported net interest income of MYR 1,234,000 against MYR 1,745,000 for the same period in the last year. Net income was MYR 12,050,000 against MYR 18,802,000 for the same period in the last year. Loss before taxation and zakat was MYR 2,168,000 against profit before taxation and zakat of MYR 3,518,000 for the same period in the last year. Loss for the financial period was MYR 2,122,000 against profit of MYR 2,915,000 for the same period in the last year. Loss for the period attributable to equity holders of the parent was MYR 2,122,000 or 0.29 sen per diluted share against profit of MYR 2,915,000 or 0.40 sen per diluted share for the same period in the last year. Cash generated from operations was MYR 50,234,000 against cash used in operations of MYR 1,761,000 for the same period in the last year. Net operating cash flow was MYR 51,388,000 against MYR 1,576,000 for the same period in the last year.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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