KENANGA INVESTMENT BANK BERHAD

KLSE (MYR): KENANGA (6483)

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Last Price

1.03

Today's Change

-0.02 (1.90%)

Day's Change

1.03 - 1.05

Trading Volume

256,300


5 people like this.

804 comment(s). Last comment by OnTime 4 days ago

Posted by moneyontheway > 2 months ago | Report Abuse

i bought kenanga at RM1.30 after the dividend was announced but it went down. the dividend seems very small in the other years only 2 years they pay high div. is it a good buy?

peter Too

119 posts

Posted by peter Too > 2 months ago | Report Abuse

Divided 0-105 coming

Posted by moneyontheway > 2 months ago | Report Abuse

peter too do you think i bought the shares at RM1.30 is too high? is it a good buy??

Blacksails

749 posts

Posted by Blacksails > 2 months ago | Report Abuse

I think Kenanga made a lot of money from Bear Attack on certain counters.That's why it can make such good dividend. Any comments anyone?

Blacksails

749 posts

Posted by Blacksails > 2 months ago | Report Abuse

Maybe thru Rakutentrade platform

Posted by software guy > 2 months ago | Report Abuse

need to break 1.33 resistance, then only can fly, it won't fly far than 1.6 because there's warrant expiring on 29 Apr 2022

Posted by moneyontheway > 2 months ago | Report Abuse

software guy, do u mean have to let it go before 29 Apr 2022? when the warrants expire, will the shares prices dip again? may be next year they might give the same or higher dividend when the economy rebounds.

Lee_CK

208 posts

Posted by Lee_CK > 2 months ago | Report Abuse

Congratulation to you Revenue + Kenanga + Sarawak government.

Lee_CK

208 posts

Posted by Lee_CK > 2 months ago | Report Abuse

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https://www.youtube.com/watch?v=7NBt-T1aR4M&t=31s

Posted by software guy > 2 months ago | Report Abuse

the main stopper is still the warrant operator, so either Kenanga up first then drop before warrant expired or kenanga only up after warrant expire

burking

86 posts

Posted by burking > 2 months ago | Report Abuse

when the warrant will expire?

Posted by software guy > 2 months ago | Report Abuse

KENANGA-CA warrant will be expired by 29 Apr 2022, execution price is 1.60. So 1.60 is the strongest resistance will be defended by the warrant operator.

Lee_CK

208 posts

Posted by Lee_CK > 2 months ago | Report Abuse

Congratulation to Kenanga: Your name was called.
Among the frontrunners is a consortium comprising of mobile phone network operator Axiata Group Bhd. and RHB Bank Bhd. There’s also an application from a group including Kenanga Investment Bank Bhd., the Sarawak state government and Revenue Group Bhd., a Malaysian information technology services firm.

https://themalaysianreserve.com/2022/03/25/malaysias-top-cell-phone-fi...

Posted by wallstreetrookie > 2 months ago | Report Abuse

Best sell-side price Equity Research House (In my opinion)
1. RHB-OSK
2. CGS-CIMB
3. Kenanga
4. TA Securities

Posted by moneyontheway > 1 month ago | Report Abuse

wallstreetbrookie, why did Kenanga drop 12sen. is it because the company wants to pay dividend as today is ex-date. other counters are not like this??

Posted by software guy > 1 month ago | Report Abuse

https://www.theedgemarkets.com/article/bnm-says-make-digital-banking-l...
BNM delay announcement for digital bank license

Posted by software guy > 1 month ago | Report Abuse

from the sudden price drop, market reaction mean Kenanga will not get the digital bank license

Posted by staypositive > 1 month ago | Report Abuse

regardless of the digital banking license, still think the price is ok for it's valuation

Posted by NoTimeToTrade > 1 month ago | Report Abuse

Drop also good, chase away the digital banking license glory hunters.

Posted by software guy > 1 month ago | Report Abuse

No wonder the price can't go up more than 1.38....the share holders themselves sold it at 1.36 onwards

Posted by ethan9511 > 1 month ago | Report Abuse

请问为什么昨天开市就低开1.24?

kctrades

18 posts

Posted by kctrades > 1 month ago | Report Abuse

Yesterday was the dividend’s ex date, so the price drop yesterday was just an adjustment of it. Every stock that pays dividend will have the same adjustment.

Posted by ethan9511 > 1 month ago | Report Abuse

I see. Thank you for your explanation

Posted by samchong6891 > 1 month ago | Report Abuse

Kctrades if i buy before 30 , and i sell yesterday , can i get the dividend ?

kctrades

18 posts

Posted by kctrades > 1 month ago | Report Abuse

Hi Sam. If you buy on ex-date, you will not get dividend. If you sell on ex-date, you will. In this case, Kenanga's ex-dividend date is 30/3. If you bought on 29/3 (or before) and sold on 30/3, you will still receive the dividend.

Posted by samchong6891 > 1 month ago | Report Abuse

Ok thank you kctrades

Posted by software guy > 1 month ago | Report Abuse

Kenanga entering consolidation phase...

Posted by software guy > 1 month ago | Report Abuse

Market can smell Kenanga wont get digital bank license, 2 Million ++units sold cheap these 2 days

faridfet

136 posts

Posted by faridfet > 1 month ago | Report Abuse

correct Mr software guy

Posted by StartOfTheBull > 1 month ago | Report Abuse

This stock for long term prospect is still good, I guess. Just don't know what is the bottom sell down price.

Posted by stockpicker888 > 1 month ago | Report Abuse

Next support at 1.14. Great time to accumulate this quality stock. When the hype riding retailers are gone, only serious investors will stay for long term. Digital banking or not, this stock has a good future outlook especially during the recovery of economy.

Posted by StartOfTheBull > 1 month ago | Report Abuse

@Stockpicker888
Spot on. Thank you.

Posted by wallstreetrookie > 1 month ago | Report Abuse

I love Kenanga bro.

Posted by wallstreetrookie > 1 month ago | Report Abuse

Kenanga is hiring a lot of people recently.

Posted by wallstreetrookie > 1 month ago | Report Abuse

This stock has ugly charts but that's okay.

Posted by moneyontheway > 1 month ago | Report Abuse

why doesn't the share price move up after the dividend?? have you done enough research about this counter?? wallstreetrookie, you have a high value of TSH so i think you can do more research for this counter for the price seems stagnant??

OnTime

1,027 posts

Posted by OnTime > 1 month ago | Report Abuse

company continues to buy back shares. something is happening?

Posted by StartOfTheBull > 1 month ago | Report Abuse

It seems someone is pressing down the price everyday after ex dividend thus scaring retailers away. That may be the reason.

Posted by software guy > 1 month ago | Report Abuse

if the edge insider news is true, Kenanga will not get the license.

Posted by stockpicker888 > 4 weeks ago | Report Abuse

hello, they've now included Kenanga into their news. Nevertheless, kenanga will grow in the coming years, given their continuous effort in digitalizing their business model and good future market prospects. - https://www.theedgemarkets.com/article/digital-bank-bidders-rise-ahead...

VFTRADER

739 posts

Posted by VFTRADER > 4 weeks ago | Report Abuse

Will they allocate 1 to EM bidder??

Posted by NoTimeToTrade > 4 weeks ago | Report Abuse

@VFTRADER

I'm also hoping that Sabah & Sarawak will get at least 1 digital banking license as EM is really underserved. But if BNM is going all out just for potential profit, then the obvious choices would be the ones people are singing the loudest about (RHB-AXIATA, YTL-SEAGROUP, AEON Group, Razer). These fellas will only go for the techsavvy city dwellers and in the end the underserved will continue to be neglected.

Posted by NoTimeToTrade > 4 weeks ago | Report Abuse

and i could be biased since i'm here rooting for KIBB-Sarawak

Posted by saberfist1 > 1 week ago | Report Abuse

This counter seems to be constantly buying back its own shares despite the price keeping going down further. Are they trying to support their share price with their cash hoard despite knowing that their share price keeps dropping on? Would be better if they let the price drop till a support is reached or so before employing the buybacks.

Posted by NoTimeToTrade > 5 days ago | Report Abuse

Company buys back shares have different priority compared to investors. If they were to let their share price slide to whatever bottom, it would look bad on them, so buying back the shares and maintaining the price provides assurances to investors that the company has confidence in their valuation.

OnTime

1,027 posts

Posted by OnTime > 4 days ago | Report Abuse

correct

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