KENANGA INVESTMENT BANK BERHAD

KLSE (MYR): KENANGA (6483)

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Last Price

1.08

Today's Change

0.00 (0.00%)

Day's Change

1.07 - 1.09

Trading Volume

1,527,100


6 people like this.

865 comment(s). Last comment by M55555 3 weeks ago

Posted by saberfist1 > 2022-05-21 12:01 | 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 > 2022-05-23 17:07 | 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

2,069 posts

Posted by OnTime > 2022-05-24 14:27 | Report Abuse

correct

Posted by software guy > 2022-05-30 10:19 | Report Abuse

sooner it will hit 0.9 if it continue dropping

iphone4

132 posts

Posted by iphone4 > 2022-05-30 11:02 | Report Abuse

Buying back shares and pay regular dividend mean a stable Co.

OnTime

2,069 posts

Posted by OnTime > 2022-05-30 12:22 | Report Abuse

they should buy back more instead of just a few thousands at a time

OnTime

2,069 posts

Posted by OnTime > 2022-06-01 09:06 | Report Abuse

very poor result

Posted by 641003025255 > 2022-06-01 09:21 | Report Abuse

Sooner will be below 0.8

Posted by 641003025255 > 2022-06-01 09:26 | Report Abuse

earlier dividend given RM100.50 and loss RM290 this is call trap

Posted by StartOfTheBull > 2022-06-01 10:00 | Report Abuse

Everyday company share buyback but price drops non stop. Might as well sell back to the company.

Posted by tenghian > 2022-06-10 15:29 | Report Abuse

Buying back shares and pay regular dividend mean a stable company

Posted by redhotpepper > 2022-06-16 16:32 | Report Abuse

Is kenanga worth buying at the moment? Looks cheap.

Posted by 641003025255 > 2022-06-17 09:10 | Report Abuse

It can go back below 0.50

Posted by software guy > 2022-06-20 12:36 | Report Abuse

it is getting cheap, but still not recommended to buy it now.

Posted by moneyontheway > 2022-06-23 14:48 | Report Abuse

i am wondering is this a good company to invest in. i bought at a peak of RM1.33 but now it is only 89cents. i cannot think of losses in buying shares.

Posted by software guy > 2022-07-06 12:19 | Report Abuse

more buy back, more drop.

Posted by moneyontheway > 2022-07-15 15:20 | Report Abuse

@software guy, how was the performance for the 1H, seems the price has been dropping since the ex-dividend was declared. will it rebound back above RM1 again?
every counter i bought has been dropping badly.

Posted by 641003025255 > 2022-07-15 16:18 | Report Abuse


cut loss

Posted by software guy > 2022-08-09 14:13 | Report Abuse

cut loss?it will rebound soon.

Posted by moneyontheway > 2022-08-30 10:56 | Report Abuse

what is the QR, loss or profit?? any dividend??

Posted by software guy > 2022-08-30 14:21 | Report Abuse

Kenanga only give dividend once a year. The next dividend will be the next year.

Posted by moneyontheway > 2022-08-30 15:17 | Report Abuse

software guy, how about the QR for 2022

Posted by software guy > 2022-09-01 16:27 | Report Abuse

QR result normalised...the chance price will increase back to 1.0 is getting lower

Posted by moneyontheway > 2022-09-07 15:36 | Report Abuse

how come the share price keeps on sliding!!! i bought at RM1.30 and when can it go back to RM1.30???

Posted by software guy > 2022-09-16 15:55 | Report Abuse

Wait another 3 months...If Kenanga want to give same dividend like 2022, then share will be adjusted higher by the operator computer.

Posted by software guy > 2022-10-27 15:37 | Report Abuse

Why operators keep selling cheap especially these few days?

Posted by Adam92Rosli > 2022-12-02 17:49 | Report Abuse

Believing that the unity government will be supportive of domestic consumption, Kenanga Research has advised investors to seek refuge in domestically-driven sectors including banks, telcos, automakers/distributors, mid-market retailers and construction, amidst rising external headwinds.

The research house holds the view that under the new "unity” government based on the power-sharing model, the prevailing policy inclinations are likely to remain at least over the immediate term.

Posted by Adam92Rosli > 2022-12-02 17:49 | Report Abuse

"On one hand, companies in the consumer space enjoyed brisk demand as the pandemic tailed off and life returned to normalcy, while oil and gas players were buoyed by increased activity levels.

"On the other hand, high inflation reverberated across the economy, hurting companies with weak pricing power,” it said in a note today.

It has lowered its CY22 forecast FBM KLCI earnings contraction projection slightly to -9.1 per cent (from -9.3 per cent) while moderating the CY23 forecast growth to 10.1 per cent (from 11.4 per cent), largely to reflect weaker plantation earnings, and maintained its end-2022 FBM KLCI target of 1,500 points.

Posted by software guy > 2022-12-12 11:41 | Report Abuse

I estimated minimum 0.05 cent dividend to be declared for the coming dividend.

zen_2k

617 posts

Posted by zen_2k > 2023-01-31 07:37 | Report Abuse

creeping up

Posted by software guy > 2023-03-10 11:45 | Report Abuse

I expect it will announce today for ex date and payment date.

Posted by rahulsk1947 > 2023-03-27 18:12 | Report Abuse

worth buying this counter now or after dividend?

Posted by wallstreetrookieNEW > 2023-04-03 12:11 | Report Abuse

After

Posted by moneyontheway > 2023-04-10 16:18 | Report Abuse

this counter is still making a loss for many. last year i bought at RM1.30
so with the dividends received and going to receive is still not enough to make up the loss. too bad

Posted by StockSniperKing > 2023-08-27 21:09 | Report Abuse

@rahulsk1947 Maybe can look for the new IPO with the same industry - Mercury Securities. what's interesting here is among companies with similar setups known as 1+1 brokers or universal brokers, mercury securities stands out by achieving the highest NP margin with the least market share.

Posted by riverlakesea > 2023-08-27 23:56 | Report Abuse

Good timing for Mercury Securities to stand out this time, so far rumor say IPO price is between 0.20-0.30. I think avid investors should take a look.

speakup

25,056 posts

Posted by speakup > 2023-08-28 07:42 | Report Abuse

before covid, this counter was about 35sen
now after covid, it's almost rm1
up 3x! amazing

AndrewHo93

315 posts

Posted by AndrewHo93 > 2023-08-28 11:05 | Report Abuse

Then Mercury Securities' PE will be lower than 15x , if your rumor is true, riverlakesea. Better monitor its IPO subscription date 😉

Posted by Adam92Rosli > 2023-10-13 15:52 | Report Abuse

Catch rebound and expect it to break 90 cents again. hhee

Posted by Strategistinvestlam > 2023-11-15 04:28 | Report Abuse

Year end window brushing hope for sometimes else brewing here some great revaluation up on this share price really feel weird a good doing investment bank share price in such undervalued with damn good dividends

Posted by Intelligentinvest13 > 2023-12-17 22:37 | Report Abuse


With new EPS and FED rate cuts coming in 2024 market will see a turn around which increases market volume thus kenanga which gives loan to traders will have a increase next year also not to mention the coming dividend around april aiming about 0.08 cents per share as a hike of eps best time to jump into it and ride along, next target price:RM1.10

Posted by Strategist Invest Lam > 2023-12-22 08:38 | Report Abuse

@intelligentinvest13 Totally agree with you: I also aiming the same path as yours

Posted by Intelligentinvest13 > 2023-12-22 10:55 | Report Abuse

Mersec is same business as Kenanga soon it will be kenanga’s turn to be the bull it has already risen from 85 cents

Posted by Intelligentinvest13 > 2024-01-11 14:56 | Report Abuse

Reached 1.10 not sure if can increase more than this…exiting

Posted by Intelligentinvest13 > 2024-01-19 23:52 | Report Abuse

1 week of correction ended now time for round 2 will push to 1.10 again and test the level, if it exceeds its shooting up…going all in

Posted by wallstreetrookieNEW > 2024-01-23 15:02 | Report Abuse

Buy

Posted by Adam92Rosli > 2024-01-23 17:29 | Report Abuse

niceee, break Rm1. Look forward to its dividend in March.

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