Latest news with #KenangaInvestmentBankBhd
New Straits Times
07-07-2025
- Business
- New Straits Times
Kenanga launches new Hang Seng warrants
KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga Group) has introduced a new series of structured warrants tied to the Hang Seng China Enterprises Index (HSCEI) and the Hang Seng TECH Index (HSTECH) through its NagaWarrants by Kenanga brand. This move represents a strategic step in strengthening the group's presence in East Asia, building on the earlier success of its Hang Seng Index (HSI) structured warrants, HSI-CIW and HSI-HMO, launched in 2021. The HSCEI reflects the performance of major mainland Chinese firms listed in Hong Kong, including key players in finance and infrastructure like ICBC, China Construction Bank, PetroChina, and Ping An Insurance. Meanwhile, the HSTECH highlights the momentum of China's top tech companies, such as Tencent, Meituan, Xiaomi, and "The launch of HSCEI and HSTECH structured warrants is expected to broaden market participation, diversify product offerings, and boost overall liquidity – particularly among retail traders already familiar with Hang Seng Index warrants," Kenanga Group said. The company highlighted its strong position in the structured warrants market, noting a 64 per cent market share in HSI warrants. It added that in 2024, structured warrants on Bursa Malaysia saw a turnover of RM30.3 billion, making up about 4 per cent of the exchange's total market turnover of RM848.7 billion. Group managing director Datuk Chay Wai Leong said the introduction of the structured warrants represents a significant milestone in the company's efforts to make global market access more inclusive and accessible. "As Malaysia's leading issuer, Kenanga Group remains committed to driving innovation, expanding investor opportunities, and shaping the future of structured warrants. "This initiative reflects our long-term vision to empower a new generation of traders while reinforcing our leadership in the region's capital markets," he said.
Borneo Post
10-06-2025
- Business
- Borneo Post
SST revision, expansion to have minimal impact on construction, consumer segment
The changes to the SST were drafted with the welfare of the majority of Malaysians in mind, particularly in the case of the consumer segment. – Bernama photo KUALA LUMPUR (June 10): The upcoming revision and expansion of Sales and Service Tax's (SST) scope is expected to have limited impact on the construction and consumer segments, according to Kenanga Investment Bank Bhd. However, the exercise is likely to have an adverse impact on the Real Estate Investment Trust (REIT) sector, as well as financial services and private healthcare, it said in a note today. It said the construction and consumer sectors were likely to be more insulated, noting that the changes to the SST were drafted with the welfare of the majority of Malaysians in mind, particularly in the case of the consumer segment. It also welcomed the fact that the revised SST framework remained mindful of potential cascading effects along the business supply chain. Meanwhile, Hong Leong Investment Bank Bhd believes that the expanded SST is a non-event for markets, as it is targeted in nature and deliberately structured to avoid essential goods and services. 'While sectors such as construction, banking, and healthcare may appear exposed, we expect any profit impact to be negligible,' it said in a separate note. It noted that in terms of construction services, most contract structures allow for cost pass-through mechanisms, and new project tenders are likely to be repriced, transferring the incremental cost to the end-customer. For financial services, it does not expect any material impact on banks, as they primarily serve as tax collection agents on behalf of the government. 'Nevertheless, we believe demand for these services will stay fairly inelastic, given limited substitutability,' it added. – Bernama construction consumer Sales and Services Tax
The Star
10-06-2025
- Business
- The Star
SST revision, expansion to have minimal impact on construction, consumer segment
KUALA LUMPUR: The upcoming revision and expansion of Sales and Service Tax's (SST) scope is expected to have limited impact on the construction and consumer segments, according to Kenanga Investment Bank Bhd . However, the exercise is likely to have an adverse impact on the Real Estate Investment Trust (REIT) sector, as well as financial services and private healthcare, it said in a note today. It said the construction and consumer sectors were likely to be more insulated, noting that the changes to the SST were drafted with the welfare of the majority of Malaysians in mind, particularly in the case of the consumer segment. It also welcomed the fact that the revised SST framework remained mindful of potential cascading effects along the business supply chain. Meanwhile, Hong Leong Investment Bank Bhd believes that the expanded SST is a non-event for markets, as it is targeted in nature and deliberately structured to avoid essential goods and services. "While sectors such as construction, banking, and healthcare may appear exposed, we expect any profit impact to be negligible," it said in a separate note. It noted that in terms of construction services, most contract structures allow for cost pass-through mechanisms, and new project tenders are likely to be repriced, transferring the incremental cost to the end-customer. For financial services, it does not expect any material impact on banks, as they primarily serve as tax collection agents on behalf of the government. "Nevertheless, we believe demand for these services will stay fairly inelastic, given limited substitutability," it added. - Bernama
New Straits Times
09-06-2025
- Business
- New Straits Times
Telco sector tracks estimates in 1Q, Kenanga maintains 'neutral' view
KUALA LUMPUR: Kenanga Investment Bank Bhd has maintained its "neutral" rating on the telecommunication (telco) sector after companies under its coverage delivered the first quarter of 2025 (1Q 2025) performance that largely tracked estimates. In a note today, the investment bank said sequential earnings delivery presented a mixed outlook with 17 per cent of companies exceeding expectations, while 83 per cent met expectations. It said service revenue for domestic mobile network operators contracted by 0.9 per cent year-on-year (y-o-y), primarily dragged by CelcomDigi Bhd's (CDB) prepaid subscriber churn as the company strategically moved away from one-time prepaid subscriber identity module users. Meanwhile, sector core earnings declined 13 per cent y-o-y, also largely stemming from CDB, given the absence of tax reversals seen in the prior year. Quarter-on-quarter trends for the mobile segment were largely within expectations, said the report. It said the net additions were supported by strong postpaid momentum, while prepaid remained volatile but improved sequentially. "Average revenue per user (ARPU) was stable for CDB, whereas Maxis Bhd saw a decline following a shift in revenue recognition for its Maxis Device Care programme," it added. Conversely, in the home fibre segment, Kenanga Investment Bank expressed concern over the broad-based sequential decline in net additions and ARPUs -- except for Time dotCom Bhd, and in particular, Telekom Malaysia Bhd, which experienced the steepest ARPU drop, attributed to aggressive price discounts. "Given this is the 1Q where we see widespread competitive pressures, we maintain a wait-and-see approach," said the report. The investment bank added that optimism is underpinned by all telcos maintaining their financial year 2025 earnings guidance, suggesting a potential recovery in the coming quarters. It said Telekom Malaysia and Time dotCom remained the investment bank's top picks in the sector, with respective target prices of RM8.15 and RM5.91, while the research house awaited further clarity on Malaysia's 5G dual network policy.
BusinessToday
21-04-2025
- Business
- BusinessToday
ACE Market-bound PEOPLElogy To Raise RM26.25 Million For Business Expansion
Consultancy services and training provider PEOPLElogy Bhd aims to raise RM26.25 million from its IPO exercise for both local and overseas business expansion. The company's IPO entails a public issuance of 105 million new shares at an issue price of 25 sen apiece. 'Of the total proceeds, 32.38% will be allocated to establish a cyber range computer simulation lab, 15.24% for strategic investments and merger and acquisition activities, 11.43% for software research and development, and the remaining 11.05% for office and training centre expansion in Indonesia and the Philippines. PEOPLElogy non-independent Executive Director and Managing Director Allen Lee said the company aims to establish a cyber range computer simulation lab because the demand for cybersecurity has risen due to the growing number of cyber threats and data breaches in Malaysia. He added that the company plans to expand into East Malaysia, Indonesia, and the Philippines to seize growth opportunities. Application of PEOPLElogy's IPO shares opens on April 21 and ends 5pm on May 6. Kenanga Investment Bank Bhd is the principal advisor, sponsor, underwriter and placement agent. Related
