Bursa Stock Talk
#KENANGA The market cap of KLSE hits a record high of RM2 trillion. The FBMKLCI closed above 1,600, signaling positive momentum. Trading activities on KLSE have picked up significantly. Is it time to relook at Kenanga? While there is concern about…
#KENANGA
#Breakout
Despite an impairment of RM5.7m due to credit losses arising from limit-down incidents in January 2024, Kenanga reported stellar 1Q24 results with a net profit of RM22.8 million (EPS 3.15 sen).
Given the more vibrant market in 2Q24, it is not unreasonable to expect Kenanga to report even stronger results in 2Q24
#Breakout
Despite an impairment of RM5.7m due to credit losses arising from limit-down incidents in January 2024, Kenanga reported stellar 1Q24 results with a net profit of RM22.8 million (EPS 3.15 sen).
Given the more vibrant market in 2Q24, it is not unreasonable to expect Kenanga to report even stronger results in 2Q24