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Rakuten-Kenanga JV aims for profit in 3 years

KUALA LUMPUR: Kenanga Investment Bank Bhd's joint wander (JV) with Rakuten Securities Inc to offer web based stockbroking administrations which is anticipating last endorsements from the Securities Commission, goes for productivity inside the initial three years. 

The JV will see Rakuten Securities endeavor to repeat the accomplishment of its completely online stage, which is Japan's most downloaded exchanging application, in Malaysia

Rakuten Securities Inc president Yuji Kusunoki (pic) revealed to StarBiz the principal period of the business would concentrate on getting Malaysian speculators to subscribe to the online stage, and would just manage stocks recorded on Bursa Malaysia. It additionally expects to give edge exchanging administrations. 

"From our perspective, in Malaysia, the online financier business is still in its initial stages. 

"The enormous managing an account bunches and customary dealers are generally giving up close and personal administrations and alongside this, they give some online administrations to customers," he said. 

The Japanese adaptation of the association's online stage, which is accessible on PCs and cell phones, permits straight-through handling to the Tokyo Stock Exchange without the requirement for manual intercession. 

Malaysian controls right now don't take into account this here. 

Kusunoki likewise noticed that the commission level in Malaysia was high contrasted and Japan.

Name                 Price     Chg        % Chg      Vol            Buy Value
Noble                 0.210         -                      -            10,579,000  22,000,700
YZJ Shipbldg SGD               1.100           -0.005         -0.45  13,643,500     576,300

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Rakuten-Kenanga JV aims for profit in 3 years


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