KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 23 22 The equity market is expected to remain dynamic, supported by a stable political environment and a vibrant IPO landscape that continues to attract retail participation. Stock-picking strategies will be underpinned by several thematic investment opportunities, while market volatility may present selective opportunities for those able to navigate the evolving landscape of global trade, technological advancements, and geopolitical shifts. For Kenanga, 2025 will be a pivotal year as we execute on our strategic priorities aimed at driving sustainable growth. With a strong focus on digital innovation, we are scaling our core businesses and enhancing customer engagement through technology-driven solutions that simplify and elevate the financial services experience. In line with this, the upcoming enhancements to KDi GO demonstrate our commitment to reshaping how we deliver financial services, ensuring a more seamless, accessible experience for our customers. At the same time, we are exploring regional opportunities, with a particular focus on Southeast Asia, where we aim to replicate the success, we have achieved in Malaysia. As we look ahead, our priorities remain focused on strengthening recurring income streams, optimising cost efficiencies, and diversifying our product offerings. With a disciplined approach to execution and a clear vision for the future, Kenanga Group is well-positioned to capture emerging opportunities and create lasting value for all stakeholders. GROUP MANAGING DIRECTOR’S MANAGEMENT, DISCUSSION AND ANALYSIS Acknowledgements As we conclude 2024, I would like to extend my deepest gratitude to our Founder Emeritus and Adviser, YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Tengku Ismail. Her invaluable advice, guidance, and leadership continue to inspire and shape Kenanga’s enduring legacy. To our Chairman, YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail, and our Board of Directors, your strategic oversight and steadfast guidance ensure that we remain agile and wellpositioned in an evolving financial landscape. I would also like to thank my fellow colleagues, whose dedication, expertise, and resilience have been instrumental in driving our success across all facets of the business. To our shareholders, clients, and business partners, your trust and confidence fuel our ambition to continuously push boundaries, delivering value across a comprehensive range of financial solutions. As an all-rounder in the industry, we take pride in our ability to serve diverse market segments with an integrated suite of offerings, from stockbroking to investment banking, asset and wealth management, and listed derivatives. Lastly, I would like to express my appreciation to our regulators and policymakers, in particular Bank Negara Malaysia, the Securities Commission Malaysia and Bursa Malaysia Berhad, for fostering a robust and inclusive financial ecosystem that enables us to thrive. With the continued support of all our stakeholders, I am confident that Kenanga Group will continue to chart new milestones and create lasting value in the years ahead. DATUK CHAY WAI LEONG Group Managing Director STRATEGIC FRAMEWORK OUR PURPOSE Maintain leadership in core businesses with recurring income, while future-proofing our market positions and ensuring long-term sustainability through digitalisation, to drive long-term shareholder value creation. Resilient Financial Performance Consistent financial strength and prudent capital management that enable longterm investments, business growth, and the ability to navigate market uncertainties. Operational Processes and Systems Streamlined and optimised business processes that improve efficiency, reduce costs, and enable the organisation to adapt to evolving market demands. Sustainable Practices Commitment to sustainability, including energy-efficient solutions, and environmentally responsible business practices that support both operational goals and long-term resilience. Strategic Partnerships and Collaborations Key partnerships and alliances that provide additional capabilities, expand market reach, and support long-term sustainability initiatives. Talent and Leadership A skilled workforce with strong leadership that fosters innovation, supports strategic change, and drives continuous improvement across all business areas. Strong Governance Framework A well-established governance and compliance structure that ensures accountability, transparency, and ethical decision-making at every level of the organisation. Market Adaptability Agility to respond quickly to changing market conditions, customer needs, and emerging trends, ensuring long-term competitiveness and business resilience. Technology and Innovation Robust digital infrastructure, including cloud platforms, AI, machine learning, and automation tools, that support efficiency, scalability, and customer-centric solutions. ENABLERS Democratise financial access through innovative solutions that break down barriers, delivering customer-centric experiences for seamless engagement. Achieve operational excellence by optimising processes, automating workflows, and improving resource efficiency to drive sustainable performance. Sustain leadership in core business areas by adapting to market shifts and enhancing organisational agility to remain competitive. Strengthen long-term resilience by embedding sustainability, and robust risk management practices into business strategies. Expand brand presence and diversify suite of product offerings to capture new market opportunities and strengthen competitive positioning. Foster a culture of transparency, accountability, and ethical decision-making across all levels of the organisation. GOALS Retail Strength CustomerCentric Culture AUM Growth Digital Transformation Sustainability and Risk Management Governance and Ethical Leadership STRATEGIC PRIORITIES Agility Collaboration Future-Facing Trustworthiness BRAND VALUES
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