12 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Group Managing Director’s Management Discussion & Analysis Historic Results PBT RM148.2 million PAT RM118.8 million Second consecutive best performing year through innovation and diversification Dear Shareholders, Whi le there were signs of recovery in 2021 wi th economies around the wor ld gradual ly reopening af ter prot racted lockdowns caused by the COVID-19 pandemic, i ts rebound was hampered by new threats, par t icular ly the spread of the Del ta and Omicron var iants, which spur red the cont inuing inter rupt ions to supply, concerns about inf lat ion, as wel l as f inancial and social st resses f rom almost two years of constant disrupt ions. Read more on page 18. Read more on page 17. Read more on page 16. Read more on page 16. Read more on page 18. Segmental Review Stockbroking Investment Banking Futures Broking Money Lending and Financing Stockbroking division maintained a PBT of RM86.4 million, similar to the PBT of the year before. Given the markets’ volatility that led to increase in hedging activities on Derivatives Exchanges, Kenanga Futures Sdn Bhd (“KFSB”) registered a lower Loss Before Tax (“LBT”) of RM1.8 million, relative to the LBT of RM2.7 million in 2020. The Group’s Asset and Wealth Management division recorded exceptional growth in registering a PBT of RM34.9 million, almost tripling the PBT of RM13.6 million from 2020. The Group’s Structured Lending and Trade Financing division recorded a PBT of RM1.6 million compared to RM1.9 million the preceding year. Investment Banking division registered PBT of RM20.6 million, compared to RM34.0 million over the previous year. Dividend Declared 10.5 sen Earnings Per Share 16.3 sen Annualised Return on Equity 11.6% Asset and Wealth Management
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