Kenanga Investment Bank Berhad

KUALA LUMPUR: Kenanga Investment Bank Bhd has maintained its forecast for Malaysia’s gross domestic product growth at 5.0 per cent for 2024 and expects it to moderate to 4.8 per cent in 2025.

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KUALA LUMPUR: The government is expected to allocate a higher development expenditure (DE) of RM94.5 billion in Budget 2025, from RM88.5 billion in 2024’s forecast, to boost infrastructure play, said Kenanga Investment Bank Bhd (Kenanga IB).

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KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to keep the overnight policy rate (OPR) unchanged for the next 12 to 15 months, with inflation pressures subdued and the economic outlook stable, said Kenanga Investment Bank Bhd (Kenanga).

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KUALA LUMPUR:  Kenanga Investment Bank Bhd (Kenanga Research) said household debt is in good shape, with June 2024’s debt-to-gross domestic product (GDP) ratio coming in at 83.8 per cent, reflecting sustained appetite of loans which is supported by higher income.

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$KENANGA / 6483 (KENANGA INVESTMENT BANK BERHAD)

$KENANGA / 6483 (KENANGA INVESTMENT BANK BERHAD)

KUALA LUMPUR: The ringgit is likely to strengthen well below 4.55 against the US dollar next week, said Kenanga Investment Bank Bhd.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

PROVISION OF FINANCIAL ASSISTANCE

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

$KENANGA / 6483 (KENANGA INVESTMENT BANK BERHAD)

Kenanga Investment Bank Bhd has received Bank Negara’s approval to acquire an additional 15.2% equity interest in Merchantrade Asia Sdn Bhd, the country’s largest Money Services Business (MSB) operator and leading player in the digital payments space.

PETALING JAYA: Kenanga Investment Bank Bhd has received Bank Negara Malaysia’s approval to acquire an additional 15.20% equity interest in Merchantrade Asia Sdn Bhd, the country’s largest Money Services Business (MSB) operator and leading player in the digital payments space.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) remains bullish on the construction sector's outlook, driven by the impending roll-out of mega infrastructure projects such as the Mass Rapid Transit Line 3 (MRT3), Pan Borneo Phase 2 and flood mitigation initiatives.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - KENANGA TRUSTEES BERHAD (FORMERLY KNOWN AS KENANGA FUNDS BERHAD) - TENGKU NOOR ZAKIAH FAMILY TRUST

Notice of Person Ceasing (Section 139 of CA 2016) - TAN SRI DATO' PADUKA TENGKU NOOR ZAKIAH BINTI TENGKU ISMAIL

KUALA LUMPUR: Kucingko Bhd, a company offering 2D animation production services, has entered into an underwriting agreement with Kenanga Investment Bank Bhd for its forthcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

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Change in Boardroom - MISS ANGELINE-ONG SU MING

General Meetings: Outcome of Meeting

KUALA LUMPUR: Kenanga Investment Bank Bhd reported a net profit of RM22.8 million for the first quarter ended March 31, 2024 (1Q24), an increase from the RM10.2 million recorded in the same quarter last year.

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PETALING JAYA: Kenanga Investment Bank Bhd (KIB) will continue to be vigilant in monitoring market uncertainties and continues to be cautiously optimistic about its outlook.

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Titan Weekend Chart Reviews

$KENANGA / 6483 (KENANGA INVESTMENT BANK BERHAD)

Had been trending upwards here from its RM 1.05= main support levels on the daily chart.

For now still looking quite strong here and if able to breakout from its RM 1.12 major resistance, could continue on towards the RM 1.20+ regions soon.

Support: RM 1.10, RM 1.05 areas
Resistance: RM 1.12, RM 1.15, RM 1.21, RM 1.30 areas

KUALA LUMPUR: Kenanga Investment Bank Bhd has maintained its forecast that Malaysia’s gross domestic product (GDP) would grow at a faster rate of 4.5 per cent - 5.0 per cent in 2024 from 3.7 per cent last year, following an improved manufacturing performance in April.

© New Straits Times Press (M) Bhd

Annual Report & CG Report - 2023