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KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 March 2025 - Kenanga Investors Berhad ("Kenanga Investors") was presented with a total of five (5) awards at the LSEG Lipper Fund Awards 2025 ("Awards"). This year, the firm surpassed its previous successes, earning recognition across multiple categories, marking a continued commitment to excellence in fund management. From left to right: Brandon Ong, Portfolio Manager; Low Pei Yee, Portfolio Manager; Lee Sook Yee, Chief Investment Officer; Cristopher Kok, Head, Equities; Dawne Chin, Portfolio Manager; and Muhammad Nur Azmi Bin Abdul Aziz Al-Akbar, Portfolio Manager. The firm was recognised for the performance of the following funds: Kenanga DividendEXTRA Fund ("KDEF") – Best Equity Malaysia Diversified – Malaysia Funds Over 3 Years Kenanga Malaysian Inc Fund ("KMIF") – Best Equity Malaysia Diversified – Malaysia Provident Funds Over 10 Years Kenanga Balanced Fund ("KBF") – Best Mixed Asset MYR Balanced – Malaysia Provident Funds Over 10 Years Kenanga Managed Growth Fund ("KMGF") – Best Mixed Asset MYR Flexible – Malaysia Provident Funds Over 10 Years Kenanga SyariahEXTRA Fund ("KSEF") – Best Mixed Asset MYR Balanced – Malaysia Islamic Funds Awards Over 10 Years Datuk Wira Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer, expressed pride in the firm's performance, stating, "These awards highlight our ongoing commitment to excellence and consistency, especially in delivering strong returns year after year, even in tough market conditions. Our success comes from a disciplined, bottom-up stock-picking approach, which helps us identify high-quality companies and spot opportunities others may miss. We dig deep into industry dynamics, company business models, and the key factors driving return on equity. Through thorough channel checks, we assess competitive advantages and growth drivers, focusing on management quality, sustainability, industry trends, and balance sheet strength. As such, we are glad to see our expertise demonstrated by our success in both conventional and Shariah categories". Lee Sook Yee, Chief Investment Officer, shared the firm's outlook for 2025, stating, "We will continue to emphasise stock picking, while maintaining a higher-than-usual cash allocation to ensure flexibility amidst ongoing external uncertainties. We will focus on sectors tied to Malaysia's domestic growth story, such as financials, construction, and healthcare, while complementing these with increased defensive holding. Selected small-cap stocks could present an opportunity, especially after their underperformance compared to large-cap stocks in 2024. By staying consistent with our investment philosophy, I am confident we can manage our portfolios effectively to capitalise on market opportunities, even with volatility". The performance1 of KMIF2 for the 2024 calendar year, which has received recognition for four consecutive times at the Awards, stands at 24.14%, significantly outperforming its benchmark of 16.98%. KDEF2 recorded returns of 21.31%, surpassing its benchmark of 16.98%, while KMGF3 delivered 19.24%, exceeding its benchmark of 10.39%. KBF4 posted a return of 18.53%, also outperforming its benchmark of 12.52%, and KSEF5 achieved 15.39%, outpacing its benchmark of 10.23%. The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. With this year's multiple wins, Kenanga Investors strengthens its position as a leading fund house in Malaysia, committed to delivering value and growth for its investors over the long term. For more information about Kenanga Investors, please visit www.kenangainvestors.com.my. Hashtag: #KenangaThe issuer is solely responsible for the content of this announcement.Kenanga Investors Berhad 199501024358 (353563-P)We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network. At the LSEG Lipper Fund Awards Malaysia 2025, KIB received awards for the Kenanga DividendExtra Fund ("KDEF") under the Best Equity Malaysia Diversified – Malaysia Funds over 3 years , Kenanga Malaysian Inc Fund ("KMIF") under the Best Equity Malaysia Diversified – Malaysia Provident Funds over 10 years, Kenanga Balanced Fund ("KBF") under the Best Mixed Asset MYR Balanced – Malaysia Provident Funds over 10 years, Kenanga Managed Growth Fund ("KMGF") under Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 10 years, and Kenanga SyariahEXTRA Fund ("KSEF") under the Best Mixed Asset MYR Balanced – Malaysia Islamic Funds Awards over 10 years. The Hong Kong-based Asia Asset Management's 2024 Best of the Best Awards awarded KIB under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year, Malaysia CIO of the Year, Malaysia Best House for Alternatives, Malaysia Most Improved Fund House and Malaysia Best Investor Education. The FSMOne Recommended Unit Trusts Awards 2023/2024 named Kenanga Growth Fund Series 2 as "Sector Equity – Malaysia Focused", Kenanga Shariah Growth Opportunities Fund as "Sector Equity - Malaysia Small to Medium Companies (Islamic)" and Kenanga Shariah OnePRS Growth Fund as "Private Retirement Scheme – Growth (Islamic)". We were also recognised at The BrandLaureate BestBrands Awards 2024 - Brand of the Year under the category Wealth Management & Investment Solutions. For the eighth consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company's well-established investment processes and sound risk management practices.
KEY HIGHLIGHTS FY2024 VS FY2023 Revenue at RM1.0 billion, up by 22.3% Operating Profit at RM155.5 million, up by 88.7% Profit Before Tax ("PBT") at RM117.2 million, up 33.1% Net Profit at RM95.8 million, up by 31.6% Net Income at RM799.6 million, up by 22.6% Operating Expense at RM644.0 million, up by 13.0% Return on Equity at 8.75%, up by 25.8% Earnings Per Share at 13.18 sen, up by 31.3% Net Equity Trading Investment Income at RM55.8 million, up by 30.8% Overall Market Share at 9.6%, Retail Segment Market Share at 25.3% Asset Under Administration ("AUA") at RM23.5 billion, up by 8.5% KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 February 2025 - Kenanga Investment Bank Berhad ("Kenanga Group" or "The Group"), Malaysia's leading independent investment bank, today delivered one of its strongest financial results to date for the financial year ended 31 December 2024 ("FY2024"). The Group posted an all-time high revenue of RM1.0 billion, up 22.3% year-on-year, while operating profit surged 88.7% to RM155.5 million, also its highest yet. PBT rose 33.1% to RM117.2 million, while net profit climbed 31.6% to RM95.8 million. Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Kenanga Group's strong results were driven by a significant revaluation gain on strategic investments through its Private Equity arm, alongside higher trading and investment income, net brokerage income, and management and performance fees. Increased contributions from associates further bolstered its bottom line, partially offset by credit loss expenses. Reflecting this performance, the Board of Directors has declared an interim single-tier dividend of 8.00 sen per ordinary share for FY2024. "2024 was another landmark year for Kenanga Group, delivering one of our strongest financial performances to date, despite market headwinds. This milestone underscores the resilience of our diversified business model and our disciplined approach in capitalising on growth opportunities across all our key business segments," said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad. Kenanga Group's Stockbroking division recorded RM363.6 million in revenue, a 17.9% increase from the previous year. PBT eased to RM15.4 million from RM16.1 million in FY2023, reflecting the impact of credit loss expense incurred during the year as opposed to a writeback in the previous year. Amid heightened market volatility and an evolving competitive landscape, the division successfully maintained its retail market share of 25.3%. The structured warrants business remained a key contributor, reinforcing the Group's position as Malaysia's leading issuer, with the highest market share in warrants trading volume. Its Asset and Wealth Management division posted revenue of RM303.9 million, an increase of 14.9% year-on-year. The revenue was primarily driven from its institutional and retail segments. Despite higher overhead cost, which led to a PBT of RM47.0 million relative to RM58.7 million in 2023, the division's AUA saw strong growth, closing at RM23.5 billion, an increase of RM1.8 billion year-on-year. The Group's Investment Banking division registered a jump in both revenue and PBT for FY2024, with a 10.0% increase in revenue to RM246.4 million, and an 8.4% increase in PBT to RM6.2 million. This was driven by higher investment income from treasury and fee income, buoyed by a vibrant bond market and capital market. Kenanga Group's Listed Derivatives business continued its growth streak, delivering yet another year of record performance. Revenue climbed 15.3% to RM27.6 million, while PBT surged 24.1% to RM7.8 million, its highest in over a decade. This sustained upward trajectory was fueled by higher trading commissions and interest income, supported by a surge in trading activity across the listed derivatives market. "As we enter 2025, our focus remains on growing our core businesses while accelerating digital transformation. By strengthening recurring income streams, optimising cost efficiencies, and expanding product offerings, we are positioning Kenanga Group for sustainable, long-term growth," added Datuk Chay. "With a legacy that spans over five decades, we continue to leverage our vast experience from navigating market cycles, and create synergies across our ecosystem to drive innovation, expand market reach, and create greater value for our stakeholders," concluded Datuk Chay. Beyond financial performance, Kenanga Group remains committed to responsible and sustainable growth. In 2024, this commitment was reaffirmed with the Group's continued inclusion on the FTSE4Good Bursa Malaysia Index, ranking among the Top 8% of Malaysian public-listed companies. About Kenanga Investment Bank Berhad (197301002193 (15678-H)) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. For more information, please visit www.kenanga.com.my.
KEY HIGHLIGHTS FY2024 VS FY2023 Revenue at RM1.0 billion, up by 22.3% Operating Profit at RM155.5 million, up by 88.7% Profit Before Tax ("PBT") at RM117.2 million, up 33.1% Net Profit at RM95.8 million, up by 31.6% Net Income at RM799.6 million, up by 22.6% Operating Expense at RM644.0 million, up by 13.0% Return on Equity at 8.75%, up by 25.8% Earnings Per Share at 13.18 sen, up by 31.3% Net Equity Trading Investment Income at RM55.8 million, up by 30.8% Overall Market Share at 9.6%, Retail Segment Market Share at 25.3% Asset Under Administration ("AUA") at RM23.5 billion, up by 8.5% KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 February 2025 - Kenanga Investment Bank Berhad ("Kenanga Group" or "The Group"), Malaysia's leading independent investment bank, today delivered one of its strongest financial results to date for the financial year ended 31 December 2024 ("FY2024"). The Group posted an all-time high revenue of RM1.0 billion, up 22.3% year-on-year, while operating profit surged 88.7% to RM155.5 million, also its highest yet. PBT rose 33.1% to RM117.2 million, while net profit climbed 31.6% to RM95.8 million. Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Kenanga Group's strong results were driven by a significant revaluation gain on strategic investments through its Private Equity arm, alongside higher trading and investment income, net brokerage income, and management and performance fees. Increased contributions from associates further bolstered its bottom line, partially offset by credit loss expenses. Reflecting this performance, the Board of Directors has declared an interim single-tier dividend of 8.00 sen per ordinary share for FY2024. "2024 was another landmark year for Kenanga Group, delivering one of our strongest financial performances to date, despite market headwinds. This milestone underscores the resilience of our diversified business model and our disciplined approach in capitalising on growth opportunities across all our key business segments," said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad. Kenanga Group's Stockbroking division recorded RM363.6 million in revenue, a 17.9% increase from the previous year. PBT eased to RM15.4 million from RM16.1 million in FY2023, reflecting the impact of credit loss expense incurred during the year as opposed to a writeback in the previous year. Amid heightened market volatility and an evolving competitive landscape, the division successfully maintained its retail market share of 25.3%. The structured warrants business remained a key contributor, reinforcing the Group's position as Malaysia's leading issuer, with the highest market share in warrants trading volume. Its Asset and Wealth Management division posted revenue of RM303.9 million, an increase of 14.9% year-on-year. The revenue was primarily driven from its institutional and retail segments. Despite higher overhead cost, which led to a PBT of RM47.0 million relative to RM58.7 million in 2023, the division's AUA saw strong growth, closing at RM23.5 billion, an increase of RM1.8 billion year-on-year. The Group's Investment Banking division registered a jump in both revenue and PBT for FY2024, with a 10.0% increase in revenue to RM246.4 million, and an 8.4% increase in PBT to RM6.2 million. This was driven by higher investment income from treasury and fee income, buoyed by a vibrant bond market and capital market. Kenanga Group's Listed Derivatives business continued its growth streak, delivering yet another year of record performance. Revenue climbed 15.3% to RM27.6 million, while PBT surged 24.1% to RM7.8 million, its highest in over a decade. This sustained upward trajectory was fueled by higher trading commissions and interest income, supported by a surge in trading activity across the listed derivatives market. "As we enter 2025, our focus remains on growing our core businesses while accelerating digital transformation. By strengthening recurring income streams, optimising cost efficiencies, and expanding product offerings, we are positioning Kenanga Group for sustainable, long-term growth," added Datuk Chay. "With a legacy that spans over five decades, we continue to leverage our vast experience from navigating market cycles, and create synergies across our ecosystem to drive innovation, expand market reach, and create greater value for our stakeholders," concluded Datuk Chay. Beyond financial performance, Kenanga Group remains committed to responsible and sustainable growth. In 2024, this commitment was reaffirmed with the Group's continued inclusion on the FTSE4Good Bursa Malaysia Index, ranking among the Top 8% of Malaysian public-listed companies. Hashtag: #KenangaThe issuer is solely responsible for the content of this announcement.About Kenanga Investment Bank Berhad (197301002193 (15678-H)) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. For more information, please visit www.kenanga.com.my.
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 November 2024 - Kenanga Investment Bank Berhad ("Kenanga" or "The Group") presents its eighth annual Fraud Awareness Week ("FAW"), highlighting its commitment to deterring fraud and advancing a culture of ethical conduct. In line with the United Nations Global Compact's 10th Principle, these efforts also reflect the Group's dedication to integrity and ethical conduct in the fight against corruption in all forms. From left: Maheswari Kanniah, Group Chief Regulatory and Compliance Officer of Kenanga Investment Bank Berhad (“KIBB”); YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Noor Ismail, Founder Emeritus and Adviser of KIBB; Mr. Ganesh Thuraisingham, Head of Asia Pacific Development of the Association of Certified Fraud Examiners; Tan Sri Dato’ Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission; and Datuk Chay Wai Leong, Group Managing Director of KIBB at the launch of KIBB’s flagship programme, Fraud Awareness Week 2024. Held in conjunction with the International FAW of the Association of Certified Fraud Examiners ("ACFE"), this year's theme, "Innovate, Integrate, Insulate" calls for a united approach to address the evolving threats of fraud and financial crime in an era of advanced technologies through active industry participation. Tan Sri Dato' Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission remarked, "Kenanga's FAW stands as a powerful initiative, embodying the proactive stance needed to address the complexities of fraud in today's landscape. Events like these are invaluable, uniting leaders, regulators, and industry experts to foster dialogue and share best practices, and I commend Kenanga for its strong commitment to raising fraud awareness and setting a model of integrity for the industry." "At Kenanga, our commitment to combatting fraud is steadfast, and we hold integrity as central to our work. Fraud is an ongoing challenge that requires strong, forward-looking strategies, and we are dedicated to strengthening these efforts. Through initiatives such as FAW, we promote a culture of ethical standards and proactive measures to build resilience, where protecting our stakeholders and reinforcing trust remain top priorities as we work to set a dependable standard for ethical practices across the industry," stated Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad. The month-long flagship programme featured a variety of activities, including the Opening Ceremony held on-premises at the Asian Institute of Chartered Bankers – marking FAW's first return to an in-person gathering since the Covid-19 pandemic, where the event welcomed Tan Sri Dato' Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission, as its guest of honour. Featured activities also included the signature FAW games and educational seminars led by experts in fraud prevention and financial crime. The 2024 FAW Games showcased a diverse array of interactive quizzes and anti-fraud activities marking another milestone year with an increase in participation with 250 registered teams, up 14% from 219 in the previous year. In addition to Kenanga's internal teams, the FAW Games welcomed representatives from regulatory bodies, public listed companies, professional associations, and the Group's vendor network – such as Bursa Malaysia Berhad, the Securities Commission Malaysia, Securities Industry Development Corporation, Kumpulan Wang Simpanan Pekerja, and Petroliam Nasional Berhad. International teams from Singapore, Indonesia, India, South Africa, and Belgium also took part, further underscoring the global significance of anti-fraud efforts and uniting industry players in the shared mission of fostering a resilient and secure financial environment. "Fraud and corruption are enduring challenges for organisations worldwide, and the importance of initiatives like Kenanga's FAW cannot be overstated. By prioritising education, fostering vigilance, and advocating for strong ethical standards, Kenanga is actively contributing to a more resilient financial ecosystem. We commend Kenanga's dedication to combating fraud through both awareness and proactive measures, setting a valuable example for others in the fight against fraud," concluded John Gill, President of the ACFE. As part of this year's Fraud Awareness Week, the Group also introduced a new video campaign focused on scam awareness. This initiative invites both the public and Kenanga employees to help raise awareness about fraudulent activities through creative content, expanding outreach and encouraging active participation in recognising and combating scams. This addition to FAW continues to underscore Kenanga's ongoing commitment to fostering a culture of vigilance and ethical conduct in the fight against fraud. Hashtag: #Kenangahttps://kenanga.com.myThe issuer is solely responsible for the content of this announcement.About Kenanga Investment Bank Berhad (197301002193 (15678-H))Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest-scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. For more information, please visit www.kenanga.com.my.
KUALA LUMPUR, Malaysia, Sept. 3, 2024 /PRNewswire/ -- Malaysia's leading independent investment bank, Kenanga Investment Bank Berhad ("Kenanga Group" or the "Group") announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd ("Helicap") in a move to further advance its digitalisation initiatives. From Left to right: Kenanga Investment Bank -[Cheong Boon Kak - Group Chief Financial and Operations Officer, Datuk Chay Wai Leong - Group Managing Director, Datuk Wira Ismitz Matthew De Alwis - Executive Director & Chief Executive Officer] Helicap- [David Z Wang - Co-founder & CEO of Helicap Securities, Quentin Vanoekel - Co-founder & Helicap Investments CIO, Jeremy Tan - Co-founder & Group COO] - Helicap As part of this partnership, Kenanga Group, through a fund managed by its asset and wealth management arm, Kenanga Investors Berhad ("Kenanga Investors"), has collectively taken a stake of 8% ("the Investment") in Helicap. The Investment forms Helicap's Series B funding round, which sees Kenanga Group as lead investor alongside Saison Capital Pte Ltd, the corporate venture capital arm of Credit Saison, one of Japan's largest non-bank financial companies that is listed on the Tokyo Stock Exchange. Subsequently, Kenanga Group's stake will be further increased in the near future to approximately 10%, making Kenanga Group the largest institutional investor in Helicap. Helicap, one of the first fintech private investment platforms specialising in the alternative lending space in Southeast Asia ("SEA"), has built its success on a foundation of innovation and technology. Central to its competitive edge is its proprietary credit analytics engine, which stands as the company's strongest asset. According to Kenanga Group's Managing Director, Datuk Chay Wai Leong, the Group distinguishes itself from its peers by leveraging digital technology to elevate its service and solution offerings. "By focusing on digital innovation, we have provided multiple touchpoints to enable our clients to engage with our services more efficiently and effectively. Therefore, our investment into Helicap is a natural progression in our digitalisation journey, as Helicap's proprietary technology can potentially be embedded into Kenanga's own lending and investment banking business seamlessly to provide greater loan book transparency and analysis, portfolio and credit risk monitoring and granular-level data to identify nascent opportunities and obtain microeconomic insights", he explained. This Investment builds upon Kenanga Group's broader digitalisation initiatives, following its successful investments into Rakuten, CapBay, Tokenize Malaysia and Merchantrade. These partnerships reflect the Group's commitment to collaborating with best-of-breed fintech companies that are pioneers in their fields. By deploying first-in-class digital technologies, it aims to continue to enhance its business activities, access new markets, and explore new segments. The Investment follows the launch of Kenanga Investors' latest product suite, the Kenanga Alternative Series, which was marked by the introduction of the Kenanga Alternative Series: Income Opportunities Fund in July 2024. It feeds into the Helicap Income Opportunities Fund, an open-ended Asian private credit fund. Kenanga Investors' Executive Director and Chief Executive Officer, Datuk Wira Ismitz Matthew De Alwis commented on the expanded relationship with Helicap, stating, "Our enhanced partnership with Helicap will enable us to tap into its global network as a source of offshore capital as well as to facilitate deal co-origination and syndication efforts in both Singapore and Malaysia. Ultimately, we believe this will provide a strategic base for Kenanga Group to build further cross-border collaborative partnerships and capitalise on the dynamic growth in the region, as well as the rising income and affluence among South-East Asian investors". From the fintech firm's perspective, such a collaboration would seamlessly integrate Helicap's strengths in private credit with Kenanga Group's brand recognition and operational capabilities, creating a state-of-the-art private credit business. David Z Wang, Co-founder & CEO of Helicap Securities, stated, "We are thrilled to announce our partnership with Kenanga Group, a pivotal step in bringing Helicap's investment opportunities to the Malaysian market. This collaboration represents a significant milestone as we unite Kenanga's robust local market presence and billions in assets with an extensive client base with Helicap's powerful, sector-agnostic, data-driven platform and proprietary analytics technology. As a leader in Asia's private credit space, Helicap is poised to drive meaningful growth in Malaysia. Our commitment to financial inclusion and innovative investment solutions remains unwavering, as we continue to address the dynamic needs of investors and lenders alike." Since its establishment in 2018, Helicap, through its regulated subsidiaries, has deployed almost S$500 million, offering investment opportunities in Southeast Asia to accredited and institutional investors. As a leading platform operator in Southeast Asia, it has strategically focused its investments primarily on financial companies, leveraging its unique credit screening system and enhanced loan structure to deliver stable and consistent returns. For more information about Kenanga Group, please visit www.kenanga.com.my. About Helicap Helicap is a Singapore-based FinTech firm connecting global investors to private debt opportunities in Southeast Asia. The company's goal is to fill a $500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. The company's equity backers include Japanese financial services firm Credit Saison, Temasek-backed alternative investments firm Tikehau Capital, integrated Asian financial house PhillipCapital, as well as top VC firms East Ventures, Access Ventures, Voveo Capital, and leading Singapore property group Soilbuild Group Holdings. Over the last 6 years, Helicap has raised more than S$20 million in paid-up capital and deployed almost S$500 million worth of capital with their in-house data analytics expertise. By leveraging this advanced data-processing capability, they have indirectly served more than 5 million MSMEs and individuals. Helicap's collaboration with Temasek Trust on Southeast Asia's first Financial Inclusion Report exemplifies the commitment to building a visible, impactful, and integrated ecosystem that prioritises sustainable and ethical practices. Since its inception, Helicap has built exclusive networks with hundreds of platform partners, who have access to a total of 200 million potential borrowers in the region. For more information, visit www.helicap.com. About Kenanga Investment Bank Berhad 197301002193 (15678-H) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. An innovative and established home-grown brand, the Group's digital ambition includes building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products include Malaysia's fully online digital stockbroking platform Rakuten Trade and a fully A.I. robo-advisor, Kenanga Digital Investing. The Group also launched Malaysia's first securities broking e-wallet, Kenanga Money, paved the way in AI-led Quan and algorithmic trading, kick-started a revolutionary supply chain financing solution for SMEs and made inroads into the digital assets space through its investment in Tokenize Technology (M) Sdn.Bhd. The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded Highest Returns to Shareholder Over Three Years, Highest Growth in Profit After Tax Over Three Years and Highest Return on Equity Over Three Years by The Edge Malaysia Centurion Club in the Financial Services Category, Best Overall Equities Participating Organisation (Champion), Best Retail Equities Participating Organisation (Champion), and Best Online Retail Participating Organisation (Champion), as well as Best Institutional Derivatives Trading Participant (Champion) and Best Overall Derivatives Trading Participant (1st Runner Up) in the Bursa Excellence Awards 2022. The Group was also accorded the title of Best House, South and Southeast Asia Award in the SRP Asia Pacific Awards 2022. The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. Rakuten Trade, Malaysia's first fully digital securities broker in 2017 via a joint venture with Japanese fintech giant Rakuten Securities Inc was also named Malaysia's Digital Experience of the Year – Brokerage at the Asian Experience Awards 2022. For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted Bank of the Year Award for Environmental, Social & Governance Excellence, as well as Long-Standing Excellence in Sustainability at Sustainability & CSR Malaysia Awards 2022. The Group is also a Participant of the United Nations Global Compact and adheres to its principle-based approach to responsible business. Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace. About Kenanga Investors Berhad 199501024358 (353563-P) We provide investment solutions ranging from collective investment schemes, portfolio management services, and alternative investments for retail, corporate, institutional, and high net worth clients via a multi-distribution network. The Hong Kong-based Asia Asset Management's 2024 Best of the Best Awards awarded KIB under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year, Malaysia CIO of the Year, Malaysia Best House for Alternatives, Malaysia Most Improved Fund House and Malaysia Best Investor Education. At the LSEG Lipper Fund Awards Malaysia 2024, KIB received awards for the Kenanga Malaysian Inc Fund ("KMIF") under the best Equity Malaysia Diversified – Malaysia Pension Funds over 10 Years and the Kenanga Diversified Fund ("KDF") under the best Mixed Asset MYR Flexible – Malaysia Pension Fund over 10 Years. The FSMOne Recommended Unit Trusts Awards 2024/2025 named Kenanga Growth Fund Series 2 as "Sector Equity – Malaysia Focused". For the seventh consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company's well-established investment processes and sound risk management practices. This Press Release was issued by Kenanga Group's Marketing & Communications department. Disclaimer: Investors are advised to read and understand the Master Prospectuses ("MPs"), the Supplemental Master Prospectus ("SMP") (if any), Information Memorandums ("IM") (if any), Product Highlights Sheets ("PHS") as well as consider the fees, charges and risk factors involved before investing. The MP, SMP (if any), IM (if any) and PHS have been registered and/or lodged with the Securities Commission Malaysia ("SC"), who takes no responsibility for its contents and related advertisement or marketing materials, does not indicate that the SC has recommended or endorsed the product/service. The advertisement has not been reviewed by the SC. Investors have the right to request for a copy of PHS and other relevant product disclosure documents which are available at our office, at any authorised distributors and our corporate website before making investment decisions. If you are in doubt when considering the investment or any of the information provided, you are advised to consult a professional adviser. A Fund's track record does not guarantee its future performance. Kenanga Investors Berhad is committed to prevent conflict of interest between its various businesses and activities and between its clients/director/shareholders and employees by having in place procedures and measures for identifying and properly managing any apparent, potential and perceived conflict of interest by making disclosures to Clients, where appropriate. Kenanga Investors Berhad 199501024358.
KUALA LUMPUR, MALAYSIA - Media Outreach Newswire - 2 September 2024 - Malaysia's leading independent investment bank, Kenanga Investment Bank Berhad ("Kenanga Group" or the "Group") announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd ("Helicap") in a move to further advance its digitalisation initiatives. The signing ceremony was witnessed by Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank (standing), along with other key representatives. From left: Cheong Boon Kak, Group Chief Financial & Operations Officer, Kenanga Investment Bank Berhad; Datuk Wira Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors Berhad; David Z Wang, Co-Founder & Chief Executive Officer, Helicap Securities; Quentin Vanoekel, Co-Founder & Chief Investment Officer, Helicap Investments; and Jeremy Tan, Co-Founder & Group Chief Operating Officer. As part of this partnership, Kenanga Group, through a fund managed by its asset and wealth management arm, Kenanga Investors Berhad ("Kenanga Investors"), has collectively taken a stake of 8% ("the Investment") in Helicap. The Investment forms Helicap's Series B funding round, which sees Kenanga Group as lead investor alongside Saison Capital Pte Ltd, the corporate venture capital arm of Credit Saison, one of Japan's largest non-bank financial companies that is listed on the Tokyo Stock Exchange. Subsequently, Kenanga Group's stake will be further increased in the near future to approximately 10%, making Kenanga Group the largest institutional investor in Helicap. Helicap, one of the first fintech private investment platforms specialising in the alternative lending space in Southeast Asia ("SEA"), has built its success on a foundation of innovation and technology. Central to its competitive edge is its proprietary credit analytics engine, which stands as the company's strongest asset. According to Kenanga Group's Managing Director, Datuk Chay Wai Leong, the Group distinguishes itself from its peers by leveraging digital technology to elevate its service and solution offerings. "By focusing on digital innovation, we have provided multiple touchpoints to enable our clients to engage with our services more efficiently and effectively. Therefore, our investment into Helicap is a natural progression in our digitalisation journey, as Helicap's proprietary technology can potentially be embedded into Kenanga's own lending and investment banking business seamlessly to provide greater loan book transparency and analysis, portfolio and credit risk monitoring and granular-level data to identify nascent opportunities and obtain microeconomic insights", he explained. This Investment builds upon Kenanga Group's broader digitalisation initiatives, following its successful investments into Rakuten, CapBay, Tokenize Malaysia and Merchantrade. These partnerships reflect the Group's commitment to collaborating with best-of-breed fintech companies that are pioneers in their fields. By deploying first-in-class digital technologies, it aims to continue to enhance its business activities, access new markets, and explore new segments. The Investment follows the launch of Kenanga Investors' latest product suite, the Kenanga Alternative Series, which was marked by the introduction of the Kenanga Alternative Series: Income Opportunities Fund in July 2024. It feeds into the Helicap Income Opportunities Fund, an open-ended Asian private credit fund. Kenanga Investors' Executive Director and Chief Executive Officer, Datuk Wira Ismitz Matthew De Alwis commented on the expanded relationship with Helicap, stating, "Our enhanced partnership with Helicap will enable us to tap into its global network as a source of offshore capital as well as to facilitate deal co-origination and syndication efforts in both Singapore and Malaysia. Ultimately, we believe this will provide a strategic base for Kenanga Group to build further cross-border collaborative partnerships and capitalise on the dynamic growth in the region, as well as the rising income and affluence among South-East Asian investors". From the fintech firm's perspective, such a collaboration would seamlessly integrate Helicap's strengths in private credit with Kenanga Group's brand recognition and operational capabilities, creating a state-of-the-art private credit business. David Z Wang, Co-founder & CEO of Helicap Securities, stated, "We are thrilled to announce our partnership with Kenanga Group, a pivotal step in bringing Helicap's investment opportunities to the Malaysian market. This collaboration represents a significant milestone as we unite Kenanga's robust local market presence and billions in assets with an extensive client base with Helicap's powerful, sector-agnostic, data-driven platform and proprietary analytics technology. As a leader in Asia's private credit space, Helicap is poised to drive meaningful growth in Malaysia. Our commitment to financial inclusion and innovative investment solutions remains unwavering, as we continue to address the dynamic needs of investors and lenders alike." Since its establishment in 2018, Helicap, through its regulated subsidiaries, has deployed almost S$500 million, offering investment opportunities in Southeast Asia to accredited and institutional investors. As a leading platform operator in Southeast Asia, it has strategically focused its investments primarily on financial companies, leveraging its unique credit screening system and enhanced loan structure to deliver stable and consistent returns. For more information about Kenanga Group, please visit www.kenanga.com.my. Hashtag: #KenangaThe issuer is solely responsible for the content of this announcement.Kenanga Investment Bank Berhad 197301002193 (15678-H)Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. An innovative and established home-grown brand, the Group's digital ambition includes building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products include Malaysia's fully online digital stockbroking platform Rakuten Trade and a fully A.I. robo-advisor, Kenanga Digital Investing. The Group also launched Malaysia's first securities broking e-wallet, Kenanga Money, paved the way in AI-led Quan and algorithmic trading, kick-started a revolutionary supply chain financing solution for SMEs and made inroads into the digital assets space through its investment in Tokenize Technology (M) Sdn.Bhd. The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded Highest Returns to Shareholder Over Three Years, Highest Growth in Profit After Tax Over Three Years and Highest Return on Equity Over Three Years by The Edge Malaysia Centurion Club in the Financial Services Category, Best Overall Equities Participating Organisation (Champion), Best Retail Equities Participating Organisation (Champion), and Best Online Retail Participating Organisation (Champion), as well as Best Institutional Derivatives Trading Participant (Champion) and Best Overall Derivatives Trading Participant (1st Runner Up) in the Bursa Excellence Awards 2022. The Group was also accorded the title of Best House, South and Southeast Asia Award in the SRP Asia Pacific Awards 2022. The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. Rakuten Trade, Malaysia's first fully digital securities broker in 2017 via a joint venture with Japanese fintech giant Rakuten Securities Inc was also named Malaysia's Digital Experience of the Year – Brokerage at the Asian Experience Awards 2022. For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted Bank of the Year Award for Environmental, Social & Governance Excellence, as well as Long-Standing Excellence in Sustainability at Sustainability & CSR Malaysia Awards 2022. The Group is also a Participant of the United Nations Global Compact and adheres to its principle-based approach to responsible business. Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace.
#Kenanga
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