15 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION GROUP MANAGING DIRECTOR’S MANAGEMENT DISCUSSION AND ANALYSIS Our Asset and Wealth Management division delivered a positive year, marked by an increase in management and performance fee income across our diverse client segments. Its Asset Under Administration (“AUA”) also registered a strong closing at RM21.7 billion in FY2023. Simultaneously, our Listed Derivatives business celebrated a significant milestone, attaining its highest profits in over a decade. This exceptional performance was driven by the heightened interest in derivative products spurred by market volatility. For our Stockbroking division, it recorded a positive upturn in 2023, aligning with the overall increase in market volume and turnover attributed to improved sentiment on our local market.This was exemplified by a notable upswing in the Group’s trading volume and trading value, increasing by 24.5% and 7.1% respectively. Such robust performance not only mirrored our commitment to excellence but also earned us the prestigious title of ‘Best Overall Equities Participating Organisation’ from Bursa Malaysia Berhad for the fourth (4th) consecutive year, further solidifying our position as a leader in the industry. Furthermore, the result of our Stockbroking division was also bolstered by the reversal of credit loss expense due to our recovery efforts. Over the past five (5) decades, our journey has been marked by challenges, each serving as a stepping stone propelling us to new heights. Though formidable, they proved to be transformative, strengthening our character and fostering innovation and adaptability within the Group. This was further recognised during the year when we were honoured at The Edge Malaysia Centurion Club Corporate Awards 2023 with the accolades, ‘Highest Returns to Shareholders Over Three Years’ and ‘Highest Growth in Profit After Tax Over Three Years’, affirming our dedication to delivering value and excellence in the financial industry. In this regard, I would like to extend my heartfelt appreciation to every member of the Kenanga Group family, both past and present, for their dedication and invaluable contributions. It is through our collective effort that we have forged a legacy that defines us today. In celebrating our fiftieth (50th) anniversary, we not only reflect on our rich history but also look forward with enthusiasm and optimism to the promising chapters that lie ahead. RM821.1 million RM88.1 million Revenue PBT In consideration of these results, the Board is delighted to declare a dividend of 7.00 sen per share SEGMENTAL REVIEW Stockbroking Refer to page 17 of this Annual Report for more information. Investment Banking Refer to page 18 of this Annual Report for more information. Asset and Wealth Management Refer to page 19 of this Annual Report for more information. Listed Derivatives Business Refer to page 20 of this Annual Report for more information.
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