News About Kenanga
KUALA LUMPUR (Feb 22): The proposed sale of an eight-storey building or 'Building 2' to Ibraco Bhd's major shareholder Hiap Ghee Seng Sdn Bhd (HGS) for RM25.5 million is considered fair and reasonable and not detrimental to its non-interested shareholders.
KUALA LUMPUR (Feb 5): MCT Bhd shareholders have been told to reject the takeover bid launched by Philippines-based property developer Ayala Land Inc's unit Regent Wise Investments Ltd, which has been deemed "not fair and not reasonable" by independent adviser Kenanga Investment Bank Bhd (Kenanga IB).
PETALING JAYA (Oct 27): Economists and analysts are viewing the housing and construction-related proposals in Budget 2018 positively as they could spur the property market.
KUALA LUMPUR (Sept 26): Damansara Realty Bhd announced today that it has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.
KUALA LUMPUR (Aug 16): Eversendai Corp Bhd (Sendai) shares dipped 1.82% this morning after Kenanga IB Research said it was negative on Sendai’s proposed 10% private placement as it would reduce FY18 EPS by 5% but only bring net gearing down to 0.85x from 1.0x.
KUALA LUMPUR (July 31): The contraction in unbilled sales in the past one year may not pose that much of a concern to property developers’ earnings.