Common sense, if it is good, it won't be selling at 53¢. Bursa counters are for speculation. If you want investment counter, go buy oversea counters lah. :I
Kenanga? Useless broker... monthly volume and value traded among top 4. But not moving forward. Recent quarter report superb, but not moving past 0.70. It show that kenanga is not a fund managers' pick...
Agree. I want to be Rakuten client but their staff bad EQ on MediaC(Sell) coverage today deter me.
azfar8 Kenanga? Useless broker... monthly volume and value traded among top 4. But not moving forward. Recent quarter report superb, but not moving past 0.70. It show that kenanga is not a fund managers' pick... 15/03/2018 18:05
OTHERS Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB
KENANGA INVESTMENT BANK BERHAD
Type Announcement Subject OTHERS
Description Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KIBB wishes to announce that KIBB has made an offer of options under the Employees’ Share Option Scheme (“ESOS”) to the Group Managing Director of KIBB, Datuk Chay Wai Leong, to subscribe for new ordinary shares in KIBB under the ESOS. The details of such offer are as follows:
No. Description Date / Amount 1. Date of Offer of Options 31 May 2018 2. Exercise Price of Options Offered RM0.630 3. Number of Options Offered 10,000,000 4. Closing Market Price of the Shares on the Date of Offer RM0.595 5. Vesting Period of the Options Offered Annual vesting from 2019 to 2021
The share countinues to rise, the ESOS will be valuable soon. ESOS is worthless unless above 63sen. :)
OTHERS Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB
KENANGA INVESTMENT BANK BERHAD
Type Announcement Subject OTHERS
Description Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KIBB wishes to announce that KIBB has made an offer of options under the Employees’ Share Option Scheme (“ESOS”) to the Group Managing Director of KIBB, Datuk Chay Wai Leong, to subscribe for new ordinary shares in KIBB under the ESOS. The details of such offer are as follows:
No. Description Date / Amount 1. Date of Offer of Options 31 May 2018 2. Exercise Price of Options Offered RM0.630 3. Number of Options Offered 10,000,000 4. Closing Market Price of the Shares on the Date of Offer RM0.595 5. Vesting Period of the Options Offered Annual vesting from 2019 to 2021
Don't miss this opportunity, continuous share buyback after GE14, undervalued? :)
06 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
05 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
04 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
23 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
22 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
21 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
21 May 2018 KENANGA INVESTMENT BANK BERHAD OTHERS Proposed acquisition of the identified stockbroking business-related assets, liabilities and contractual arrangements of Inter-Pacific Securities Sdn Bhd ("Interpac Securities") ("Proposed Acquisition")
18 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
17 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
15 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back
buyback more undervalued share and distribute the treasury shares to the shareholders later like other listed companies. Profit is also rising rapidly. :)
Wednesday, 16 May 2018
6:28PM KENANGA 1Q net profit 15.436 million (increased 703.12%)
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.
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.
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 :)
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)
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. :/
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AmstrongKL
271 posts
Posted by AmstrongKL > 2017-08-04 01:01 | Report Abuse
Common sense, if it is good, it won't be selling at 53¢. Bursa counters are for speculation. If you want investment counter, go buy oversea counters lah. :I