Highlights
KLSE: KENANGA (6483)       KENANGA INVESTMENT BANK BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.485   +0.005 (1.04%)  0.465 - 0.485  100,700
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Overview

Market Cap: 351 Million
NOSH: 723 Million
Avg Volume (4 weeks):64,247
4 Weeks Range:0.465 - 0.50
4 Weeks Price Volatility (%):
57.14%
52 Weeks Range:0.465 - 0.63
52 Weeks Price Volatility (%):
12.12%
Average Price Target: 0.90
Price Target Upside/Downside: +0.415
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  22-Nov-2019
T4Q P/E | EY: 51.99  |  1.92%
T4Q DY | Payout %: 2.19%  |  114.01%
T4Q NAPS | P/NAPS: 1.2277  |  0.40
T4Q NP Margin | ROE: 1.00%  |  0.76%

Headlines

Date Subject
24-Apr-2019 Technical Buy: KENANGA (6483)
29-Mar-2019 PublicInvest Research Headlines - 29 Mar 2019
23-Nov-2018 Mplus Market Pulse - 23 Nov 2018

Business Background

Kenanga Investment Bank Bhd is an independent investment bank. It offers the provision of nominee services, private equity, promotion and management of collective investment schemes and management of investment funds. The company has six operating divisions: Investment banking; Stockbroking; Futures broking; Money lending and financing; Investment management and Corporate and others. It derives most of its revenues from Stock broking segment.
Analyze this stock with MQ Trader system

  4 people like this.
 
Yong Chun Wah 1Q net profit increased by 700%+ and share buyback continues, share price should rise further :)
07/06/2018 9:37 AM
Yong Chun Wah partnership with rakuten bears fruits :)
07/06/2018 9:38 AM
Yong Chun Wah fruitful now based on the Q1 net profit, :)

By NST Business - March 8, 2018 @ 7:09pm
KUALA LUMPUR: Rakuten Trade Sdn Bhd, a joint venture company (JVC) of Kenanga Investment Bank Bhd and Japan’s Rakuten Securities Inc. (Rakuten Sec), was named FinTech Company of the Year at the recently held Malaysia FinTech Awards 2018.

Rakuten Trade is Malaysia’s first completely online equity broker and extends trading services including the iSPEED.my app, a localised version of Japan’s leading mobile app developed by Rakuten Sec.


Its web and mobile based trading services offer clients a fully digital trading experience from account opening, execution, settlement of trade, research and trading ideas as well as rewards and financial knowledge.

“Rakuten Trade is the result of the first overseas collaboration for Rakuten Securities. Having opened its doors to Malaysians in May last year, Rakuten Trade has since grown in leaps and bounds in under a year.

"It has exceeded our expectations and is striving to continuously excel,” said Rakuten Sec president Yuji Kusunoki of the win.

The award was presented to Rakuten Trade in recognition of being a FinTech company that had successfully seized a real opportunity to change the industry, satisfied a real market need through its unique value propositions, found a balance between cost and benefits and was able to extend its products and services to successfully reach the marketplace.

Almost 90 companies were nominated for the Malaysia Fintech Awards 2018 out of which 43 were shortlisted in 13 categories.

Rakuten Trade holds a Capital Markets Services License from the Securities Commission that enables it to deal in listed securities and provide investment advice.
07/06/2018 9:53 AM
Yong Chun Wah hopefully it becomes a reality few months down the road :)

Kenanga in talks to buy Interpac
CORPORATE NEWS
Tuesday, 22 May 2018

By Izwan Idris


It will result in one of the largest stockbrokers in Malaysia

PETALING JAYA: Kenanga Investment Bank Bhd has begun talks to acquire the stockbroking business of Inter-Pacific Securities Sdn Bhd in a move that would create one of the largest stockbrokers in the country.

Kenanga Investment hopes to close the deal within six months.

“The potential acquisition would further strengthen Kenanga Investment’s leading position in the retail broking space to become the top-two largest stockbrokers in Malaysia, with a combined market share of over 10% and retail market share of about 25%,” group managing director Datuk Chay Wai Leong said in a statement yesterday.

The firm, in a separate filing with Bursa Malaysia yesterday, said Bank Negara, in a letter dated May 16, stated that it had no objection to Kenanga Investment commencing negotiations with Inter-Pacific Securities to acquire its stockbroking business-related assets, liabilities and contractual arrangements.


“The proposed acquisition will be financed by shares of Kenanga Investment and cash,” it said.

No details on the value of the deal were made available in the announcement yesterday.

“We will make further announcements as and when there are material developments pertaining to the proposed acquisition,” it added.

Kenanga Investment, founded in 1973, offers a wide range of financial services. It operates through 32 branches nationwide and boasts of the largest remisier network in the country.

Inter-Pacific Securities, meanwhile, was established in 1972 and has five branches across Kuala Lumpur, Penang and Johor Baru and a paid-up capital of RM250mil.

“Inter-Pacific Securities is a reputable and well-established independent stockbroking company, with a robust track record and strong retail focus,” Chay said.

“We are looking forward to a smooth and fruitful negotiation process, and aim to conclude within the next six months,” Chay added.

Kenanga Investment made a pre-tax profit of RM23.6mil on revenue of RM182mil in the first quarter ended March 31, 2018.

The increase was mainly due to bad debt recovery from a court case settlement and higher net brokerage and management fees income generated, the company said last week.

Its stockbroking business generated a pre-tax profit of RM11.8mil, while its investment banking activities contributed RM2.7mil.

The group said last week that it expects to perform “better” this year amid a buoyant outlook for the stock market for the rest of the year.

The daily trading value of shares on Bursa Malaysia averaged around RM4.9bil in the first quarter.

In a related development, digital equites trader Rakuten Trade Sdn Bhd announced that it has over 12,000 clients, of which over 40% were first-timers to the equity broking market in Malaysia.

Rakuten Trade managing director Kaoru Arai said almost 80% of its clients are below the age of 40 and most of them are active traders.

“The company’s growth was also due to the support received from both Kenanga Investment Bank Bhd, Rakuten Securities Inc, local regulators, business partners and Rakuten Trade employees,” he said in a statement.

Rakuten Trade is a joint venture between Japan’s Rakuten Securities Inc and Kenanga Investment.

Moving forward, Rakuten Securities president Yuji Kusunoki and Arai announced that the platform would soon launch a contra trading facility as its second product, which would complement the existing cash upfront facility.

Rakuten Trade also attributed its client appeal on its Rewards Eco System, the first of its kind in Malaysia, which offered access to three of the country’s biggest loyalty points providers, AirAsia BIG, B Infinite (part of Berjaya Group) and BonusLink, under one platform.
07/06/2018 2:25 PM
Vict Good potential to rise further. Share buyback by the company, group MD's options is worthless if below 63sen, pending acquisition of another firm, rising profit, etc. Grab some :)
08/06/2018 11:29 AM
Yong Chun Wah after GE14, share buyback non-stop :)

07-Jun-2018 07-Jun-2018 Buyback 100,000 0.625 0.635 View Detail
06-Jun-2018 06-Jun-2018 Buyback 230,000 0.610 0.635 View Detail
05-Jun-2018 05-Jun-2018 Buyback 50,000 0.600 0.610 View Detail
04-Jun-2018 04-Jun-2018 Buyback 100,000 0.605 0.610 View Detail
23-May-2018 23-May-2018 Buyback 85,600 0.590 0.600 View Detail
22-May-2018 22-May-2018 Buyback 138,100 0.600 0.615 View Detail
21-May-2018 23-May-2018 Buyback 423,700 0.590 0.635 View Detail
21-May-2018 21-May-2018 Buyback 200,000 0.630 0.635 View Detail
18-May-2018 18-May-2018 Buyback 199,400 0.630 0.640 View Detail
17-May-2018 17-May-2018 Buyback 300,000 0.625 0.640 View Detail
15-May-2018 18-May-2018 Buyback 699,400 0.605 0.640 View Detail
15-May-2018 15-May-2018 Buyback 200,000 0.605 0.620
08/06/2018 2:37 PM
Vict Higher share price is advantageous to the company if the company uses its share for acquisition :)

Kenanga Investment Bank Bhd has gotten the greenlight from Bank Negara Malaysia to commence negotiation to buy out Inter-Pacific Securities Sdn Bhd’s stockbroking business. The Central Bank states no objection for it to commence negotiations with InterPacific Securities on the proposed acquisition of the latter’s assets, liabilities and contractual arrangements. It, however, did not detail the potential value of the acquisition, but said it will be financed by ways of shares and cash. (The Edge Daily)
08/06/2018 3:21 PM
641003025255 1.00 comming
14/06/2018 9:19 AM
dinghai Strong movement these days...
05/07/2018 7:58 AM
Nissy Buyback stock...
05/07/2018 1:37 PM
Jack888 RCE Cap sudah naik ... bila awak nak ikut ?
02/08/2018 7:48 AM
William Tan bila kenanga naik?
03/08/2018 10:56 AM
Lim Tek Wai buy now and reward later
06/08/2018 10:20 AM
zhen wei & JP Interpac one of the heavy risk taker in bursa.
Up & down drastically.
06/08/2018 9:08 PM
Lim Tek Wai This stock become stronger and stronger, worth to invest
27/08/2018 10:51 AM
Jasper Coo Time to collect profit, hehehe thanksss
27/08/2018 11:13 AM
31/08/2018 8:47 AM
AmstrongKL Looking for better online trading and thought that Rakuten must be a good broking platform because it is a Japanese company. Go check out the apps comments only found that it is a lousy apps. Why good things, when come to Bolehland, everything changed. :/
06/09/2018 1:30 AM
zhen wei & JP Good at PC , but weak at mobile.

Kentreade is ok, if they could reduce the fee's
More customer will move in.

When come to trading , every seconds & cents count.
17/09/2018 1:05 PM
zhen wei & JP https://www.theedgemarkets.com/article/mercury-securities-merge-apex-rm140m-deal

Mercury Securities to merge with Apex in RM140m deal
21/09/2018 11:38 PM
AnwarBestFM Close Kenanga Anwar PM?
11/10/2018 3:24 PM
speakup https://www.thestar.com.my/business/business-news/2018/11/01/kenangainterpac-deal-is-off/
Kenanga's missed opportunity. Regret later
01/11/2018 10:08 AM
5354_ Everything under control incl 0 volume?
10/11/2018 4:41 AM
普人 no hope for this stock?no volume
08/01/2019 11:43 PM
Victor Yong :) continue to drop? its profit is rising :)

Recent Prices
Date Open Range Close Change Volume
23/01/2019 0.555 0.55 - 0.56 0.56 +0.005 (0.90%) 88,400
22/01/2019 0.57 0.555 - 0.57 0.555 -0.01 (1.77%) 161,700
18/01/2019 0.58 0.565 - 0.58 0.565 -0.01 (1.74%) 143,200
17/01/2019 0.58 0.575 - 0.59 0.575 0.00 (0.00%) 247,700
16/01/2019 0.575 0.575 - 0.58 0.575 -0.01 (1.71%) 29,900
15/01/2019 0.575 0.575 - 0.585 0.585 +0.005 (0.86%) 800
14/01/2019 0.575 0.575 - 0.58 0.58 +0.005 (0.87%) 48,600
11/01/2019 0.585 0.575 - 0.585 0.575 -0.01 (1.71%) 203,000
10/01/2019 0.59 0.58 - 0.595 0.585 0.00 (0.00%) 74,000
09/01/2019 0.58 0.575 - 0.585 0.585 +0.005 (0.86%) 21,100
08/01/2019 0.58 0.58 - 0.595 0.58 -0.005 (0.85%) 59,000
07/01/2019 0.625 0.585 - 0.625 0.585 -0.005 (0.85%) 155,800
24/01/2019 3:58 PM
Victor Yong share buyback non-stop pulak :)

07-Jan-2019 07-Jan-2019 Buyback 30,000 0.585 0.590 View Detail
07-Jan-2019 07-Jan-2019 Buyback 30,000 0.585 0.590 View Detail
04-Jan-2019 04-Jan-2019 Buyback 30,000 0.590 0.595 View Detail
03-Jan-2019 04-Jan-2019 Buyback 150,000 0.590 0.600 View Detail
03-Jan-2019 03-Jan-2019 Buyback 120,000 0.590 0.600 View Detail
26-Dec-2018 26-Dec-2018 Buyback 69,200 0.595 0.600 View Detail
24-Dec-2018 26-Dec-2018 Buyback 84,200 0.595 0.600 View Detail
24-Dec-2018 24-Dec-2018 Buyback 15,000 0.595 0.600 View Detail
21-Dec-2018 21-Dec-2018 Buyback 130,000 0.580 0.600 View Detail
20-Dec-2018 20-Dec-2018 Buyback 130,000 0.585 0.600 View Detail
19-Dec-2018 19-Dec-2018 Buyback 20,000 0.595 0.600 View Detail
18-Dec-2018 18-Dec-2018 Buyback 160,000 0.595 0.600 View Detail
17-Dec-2018 21-Dec-2018 Buyback 478,200 0.580 0.600 View Detail
17-Dec-2018 17-Dec-2018 Buyback 38,200 0.595 0.600 View Detail
14-Dec-2018 14-Dec-2018 Buyback 35,000 0.595 0.600 View Detail
13-Dec-2018 13-Dec-2018 Buyback 20,000 0.600 0.600 View Detail
12-Dec-2018 12-Dec-2018 Buyback 19,000 0.600 0.600 View Detail
11-Dec-2018 11-Dec-2018 Buyback 47,000 0.600 0.600 View Detail
10-Dec-2018 14-Dec-2018 Buyback 166,300 0.595 0.600 View Detail
10-Dec-2018 10-Dec-2018 Buyback 45,300 0.600 0.600 View Detail
06-Dec-2018 06-Dec-2018 Buyback 80,000 0.600 0.610 View Detail
06-Dec-2018 06-Dec-2018 Buyback 80,000 0.600 0.610 View Detail
30-Nov-2018 30-Nov-2018 Buyback 50,000 0.630 0.630 View Detail
29-Nov-2018 29-Nov-2018 Buyback 72,000 0.615 0.630 View Detail
28-Nov-2018 30-Nov-2018 Buyback 151,200 0.615 0.630 View Detail
24/01/2019 3:59 PM
Victor Yong dividend is also increasing yearly :)

27-Apr-2018 22-May-2018 DIVIDEND Final Dividend RM 0.03 Dividend Detail
27-Apr-2017 24-May-2017 DIVIDEND Final Dividend RM 0.0225 Dividend Detail
10-Oct-2016 24-Oct-2016 CAPITAL_REPAYMENT Others 1 : 1 Dividend Detail
01-Jun-2015 12-Jun-2015 DIVIDEND Interim Dividend RM 0.0100
24/01/2019 4:00 PM
Victor Yong profitable :)

Date Financial Result Financial Ratio Per Share Item Performance
Ann. Date
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2018
22-Nov-2018 30-Sep-2018 177,296 9,337 5,792 5,792 3.27% 0.67% 0.82 0.00 1.2200 85.64% 6.86%
21-Aug-2018 30-Jun-2018 167,124 5,350 3,120 3,120 1.87% 0.36% 0.43 0.00 1.2200 -79.79% -28.49%
16-May-2018 31-Mar-2018 182,332 23,582 15,436 15,436 8.47% 1.71% 2.14 3.00 1.2500 23.34% 716.72%
24/01/2019 4:01 PM
Victor Yong Possible for this deal to be reconsidered now as bjcorp likes to sell some of its non-core assets to reduce debts? :)

Kenanga-Interpac deal is off



Thursday, 1 Nov 2018

PETALING JAYA: Kenanga Investment Bank Bhd’s proposed deal to acquire stockbroker Inter-Pacific Securities Sdn Bhd (Interpac) has been called off.

In a filing with Bursa Malaysia yesterday, Kenanga said that both parties had “mutually agreed to terminate the proposed acquisition.” However, no reason for the termination was given.

Sources said this was due primarily to “market conditions”, but did not elaborate.

In May, just after the 14th general election, Kenanga said it had been given the green light to start talks in relation to the purchase of the stockbroking business of Interpac.

The proposed deal was seen as the first large corporate deal to be announced under the new Pakatan Harapan government that had come into power in that same month.

A source said amid the current volatile markets, the parties could not reach an agreement on the terms of the deal.

“There were too many things to iron out,” said the source. If it had materialised, the parties, Kenanga and Inter-Pacific, which is the stockbroking arm of Berjaya Corp Bhd (BCorp) controlled by local tycoon Tan Sri Vincent Tan Chee Yioun, would have created one of the largest stockbrokers in the country.

Tan’s BCorp wholly owns Berjaya Capital Bhd, which owns 91.5% of Inter-Pacific Capital Sdn Bhd which, in turn, owns all of Interpac. Given that the proposed deal would have been financed by shares in Kenanga as well as cash, Tan through BCorp could very likely have emerged as one of the larger shareholders in the merged entity.

Pricing-wise, in the proposed deal, it was envisaged that Kenanga would not have forked out a premium for its smaller rival’s broking business to expand its remisier base.

“Going by industry benchmark, Kenanga should be looking to pay around one to 1.1 times book value for Interpac.

“That should work out to less than RM120mil,” a banker had estimated earlier.

Kenanga Investment, founded in 1973, offers a wide range of financial services operating through 32 branches nationwide. It also reportedly has the largest remisier network in the country.

It counts Sarawak-based CMS Capital Sdn Bhd as its single largest shareholder.

CMS Capital is the private company linked to former Sarawak Chief Minister Tun Abdul Taib Mahmud. Interpac, meanwhile, was set up in 1972 and has five branches across Kuala Lumpur, Penang and Johor Baru. It has a paid-up capital of RM250mil. The last major merger and acquisition deal in the stockbroking industry here was about four years ago when Affin Holdings Bhd acquired Hwang-DBS Investment Bhd at 1.3 times price-to-book.

Read more at https://www.thestar.com.my/business/business-news/2018/11/01/kenangainterpac-deal-is-off/#K4ARQKP5FeAulHvz.99
24/01/2019 6:13 PM
Victor Yong Kenanga's book value was RM1.22 as per the recent quarterly report, but market price is 56sen now... Thus, kenanga share price is greatly undervalued :)


Going by industry benchmark, Kenanga should be looking to pay around one to 1.1 times book value for Interpac.

Read more at https://www.thestar.com.my/business/business-news/2018/11/01/kenangain...
24/01/2019 6:38 PM
Victor Yong Price to Book ratio, less than 0.5, only 0.45 :)


Key Statistics
P/E Ratio 10.94
Shares Outstanding 698.82M
Price to Book Ratio 0.4500
Price to Sales Ratio 0.5958
1 Year Return-7.51%
30 Day Avg Volume 107,343
EPS 0.05
Dividend 5.36%
Last Dividend Reported 0.03
Earnings Announcement for Period Ending Q3/2018:02/28/2019
24/01/2019 9:26 PM
Victor Yong hope that kenanga will distribute all the treasury shares through share buyback to shareholders as share dividend :)

6483 KENANGA KENANGA INVESTMENT BANK BERHAD
Immediate Announcement on Shares Buy Back

Date of Buy Back : 24/01/2019
Description of Shares Purchased : Ordinary Shares
No. of Shares Purchased : 55,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.555
Maximum Price Paid For Each Share Purchased : RM 0.560
Total Consideration Paid : RM 30,969.14
No. of Shares Purchased Retained in Treasury : 55,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 23,978,900 shares
Adjusted Issued Capital After Cancellation : 722,741,399
Date Lodged With Registrar of Company :
Lodged By :

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



24/01/2019 05:56 PM
25/01/2019 9:19 AM
Victor Yong kenanga could also offer for sale like osk investment bank to RHB (rhb share swap + cash) but to other banks. :) cheap valuation now, easy to find buyers :)
25/01/2019 9:34 AM
Victor Yong The negative factor, low volume is traded, low liquidity
26/01/2019 3:23 PM
Darren Tay The result is bad , better throw before the qr out
07/02/2019 2:56 PM
28/02/2019 6:18 PM
Ravi Kumar KENAGA IS FALLING KNIFE. CAN'T MAKE MONEY SHARE ON DOWN TREND ANALYST CALLS ARE BOGUS. POOR FINANCIALS. BUYING INTERPAC TO BOOST REVENUE BUT IN REALITY POOR MANAGEMENT. THROW NOW THROW NOW. FALLING KNIFE
20/03/2019 8:05 AM
commonsense Kenanga only managed to deliver a profit of RM 11.9mil to its shareholders in FY18 which is less than half of what was achieve in FY17. The main culprit for this underperformance is the credit loss expense which amounts to RM29.8mil of loss vs FY17 of only RM1.6mil. If you look at the operating profit, the company actually delivered a rather flat result of RM51.4mil vs RM54.9mil in FY17. Unless the company is expected to record another massive credit loss again this year, expect FY19 profit to rebound back at around RM20mil.

That being said at the current share price and assuming a profit of RM20mil in FY19, the company would be valued at 18.3x PE which is considerably high.

If you are looking to hedge your portfolio outside of Kenanga (due to its high valuation) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
25/03/2019 11:12 AM
Kenny Yap Div 0.011@19/4 Ex 9/4... what's next?
26/03/2019 10:39 PM
Kenny Yap Kenanga acquiring Libra...good prospect...?
28/03/2019 9:00 PM
chamlo How abt Chay Wai Leong resign from Bursa news? Is it good news?
28/03/2019 9:05 PM
David Gunter Shit share
30/03/2019 5:11 AM
abang_misai Haha, true. This is cibai counter
30/03/2019 5:31 AM
David Gunter Abang misai wonder what that stupid moron Steven Chan would rate Kenaga TP? no bola cos if he downgrades he will get the sack
30/03/2019 2:00 PM
FortuneBlooming Kenanga FY18: PAT 11.9 mil

Dayang FY18: PAT easily about 150 mil

But Kenanga came to Dayang, gave a downgrade report on Dayang.

Should be the other way round. Should be Dayang coming to Kenanga, then giving a downgrade report on Kenanga.
02/04/2019 1:21 AM
BountyOfTheBourse Kenanga now under the spell of a curse from Dayang
02/04/2019 3:29 PM
DreamConqueror It's not worth even 30 sen
03/04/2019 10:45 PM
luckypunting wah ... suddenly up ... why?
05/04/2019 10:17 AM
HK_protest Bank consolidation is right move to boost stock market but when? Change PM or change govn in GE15?
07/08/2019 12:12 PM
HuatAh8809 Rubbish company, slow ass with lousy investment research report
31/08/2019 1:52 PM


 

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