Kina Securities Limited (ASX:KSL) is looking at M&A opportunities. During the company?s full year results ended 31st December 2023 conference call, Mr. Gregory Pawson, Managing Director and Chief Executive Officer said that ?Yes. So that's always been on the radar screen for us.

We still are actively looking at M&A opportunities, probably more so the Pacific region. Many will be aware in the past of our attempt to acquire the Westpac Pacific businesses. While not necessarily those businesses, I think they made a call recently for -- we believe geopolitical reasons to remain in the Pacific.

But certainly, there are some opportunities that we are looking at?. ?Well, at the moment, the Board range is sort of 16% to 18%. And we felt -- I think from just over 20%, 21%, 22% to 20% this year, and that was a function of the -- obviously, of the loan growth.

We think that's appropriate at the moment, especially in light of the fact that we are, as I mentioned earlier, to John at -- potential M&A opportunities where we would like to be able to do that without having to come back to market to raise capital. So I think we're in a good position. And being in mind to some of the additional risks, I think, and associated with operating in an emerging market, it's good to have a little bit of that buffer.

But the border range [indiscernible], if you like, is sort of between 16% to 18%, and we're comfortable at that range, I think?.