#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 potential credit expenses resulting from the limit-down incidents in mid-January 2024, the fact that Kenanga declared and paid a higher dividend of 7 sen/share for 2023 suggests that potential losses are manageable. Furthermore, it is a one-off.
The crown jewel in Kenanga lies within its investment and wealth management segment. With the current bullish sentiment, assets under management are likely to have expanded, even if there is no net inflow of funds into the portfolio.
Kenanga appears to be a growth stock with a decent dividend yield.
https://bursastocktalk.blogspot.com/2024/01/kenanga-6483-growth-stock-with-decent.html?fbclid=IwZXh0bgNhZW0CMTEAAR2UYbNlk0msggBRaR7UY4pEo3oLiacy4MQEa7_j7c4xo0EFXiOz2sUFxEs_aem_AbFc5C7A9nixxKeUp6MECDzbW3GFUbgxuy0qMGe9DIcQH2Oq-yqutyW5XiVbI5fMkz1WAnULA4QvXMO5CJPqv3RN
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 potential credit expenses resulting from the limit-down incidents in mid-January 2024, the fact that Kenanga declared and paid a higher dividend of 7 sen/share for 2023 suggests that potential losses are manageable. Furthermore, it is a one-off.
The crown jewel in Kenanga lies within its investment and wealth management segment. With the current bullish sentiment, assets under management are likely to have expanded, even if there is no net inflow of funds into the portfolio.
Kenanga appears to be a growth stock with a decent dividend yield.
https://bursastocktalk.blogspot.com/2024/01/kenanga-6483-growth-stock-with-decent.html?fbclid=IwZXh0bgNhZW0CMTEAAR2UYbNlk0msggBRaR7UY4pEo3oLiacy4MQEa7_j7c4xo0EFXiOz2sUFxEs_aem_AbFc5C7A9nixxKeUp6MECDzbW3GFUbgxuy0qMGe9DIcQH2Oq-yqutyW5XiVbI5fMkz1WAnULA4QvXMO5CJPqv3RN
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KENANGA (6483) – A Growth Stock With Decent Dividend Yield?
Reason for the significant earnings improvement Based on the performance of FBMKLCI and Average Daily Value of KLSE, 2022 and 2023 were la...
#KENANGA
Despite making impairment provisions for the abnormal sell-down on selected counters in January 2024, Kenanga reported an earnings improvement of 122.8% year-over-year and 3.4% quarter-over-quarter, respectively.
Hopefully, the bullish market and active trading volume will continue into the second half of 2024.
Kenanga paid a dividend of 7 sen per share for 2023. What can investors expect for 2024?
Despite making impairment provisions for the abnormal sell-down on selected counters in January 2024, Kenanga reported an earnings improvement of 122.8% year-over-year and 3.4% quarter-over-quarter, respectively.
Hopefully, the bullish market and active trading volume will continue into the second half of 2024.
Kenanga paid a dividend of 7 sen per share for 2023. What can investors expect for 2024?
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
#Kenanga
Credit loss RM6.0m
Impairment provision RM6.6m
Contra losses RM4.0m
Outlook:
Barring any unforeseen circumstances, the Group expected the current year performance will surpass previous year driven by improving economy and higher Bursa volume.
Credit loss RM6.0m
Impairment provision RM6.6m
Contra losses RM4.0m
Outlook:
Barring any unforeseen circumstances, the Group expected the current year performance will surpass previous year driven by improving economy and higher Bursa volume.