15 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 Investment Banking Investment Banking division eased its PBT to RM15.8 million in FY2022. Please refer to page 18. Money Lending and Financing Structured Lending and Trade Financing division registered a PBT of RM0.1 million in FY2022. Please refer to page 20. Asset and Wealth Management Asset and Wealth Management division recorded exceptional growth in FY2022 with a PBT of 54.2 million. Please refer to page 19. Listed Derivatives Listed Derivatives division made a return to profitability in FY2022 with a PBT of RM2.1 million. Please refer to page 20. Please refer to page 17. Stockbroking Stockbroking division recorded a PBT of RM2.5 million in FY2022. SEGMENTAL REVIEW GROUP MANAGING DIRECTOR’S MANAGEMENT DISCUSSION AND ANALYSIS RESULTS Profit Before Tax RM74.2 million Dividend Declared 6.0 sen Net Profit RM55.4 million Earnings Per Share 7.5 sen Annualised Return on Equity 5.3% ONE OF OUR BEST YEARS DESPITE HEADWINDS Against these significant setbacks, Kenanga Investment Bank Berhad (“Kenanga” or “the Group”) continued to record one of its best financial years within a decade. Led by record-high performance from our Asset and Wealth Management business, the Group posted a Revenue and Profit Before Tax (“PBT”) of RM723.1 million and RM74.2 million respectively for the Financial Year Ended 31 December 2022 (“FY2022”), while Net Profit for the year stood at RM55.4 million. Our Stockbroking business was naturally affected by the substantial drop in trading activities. Still, the business continued to focus on expanding market presence, driving its retail market share to 27.0% from 24.2% the year before, reinforcing its pole position as one of the largest retail stockbrokers in the marketplace. Its commitment to excellence earned us the coveted recognition of ‘Best Overall Equities Participating Organisation’ from Bursa Malaysia for the third consecutive year. These wins, underpinned by measures of prudence in our lending practices and trading positions in equity and bonds, moderated the impact of the uncertainties and decline in the market.
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