KLSE: RCECAP (9296)       RCE CAPITAL BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.57   0.00 (0.00%)  1.55 - 1.57  156,900
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
12-Oct-2017 13-Oct-2017 ESOS 50,000 1.480 355,379,636 Additional Listing Detail
15-Sep-2017 18-Sep-2017 ESOS 198,000 1.480 355,329,636 Additional Listing Detail
11-Aug-2017 14-Aug-2017 ESOS 305,000 1.300 354,917,636 Additional Listing Detail
14-Jul-2017 17-Jul-2017 ESOS 244,000 1.300 354,594,636 Additional Listing Detail
13-Jun-2017 14-Jun-2017 ESOS 1,195,000 1.300 354,350,636 Additional Listing Detail
15-May-2017 16-May-2017 ESOS 730,000 1.300 352,755,636 Additional Listing Detail
13-Apr-2017 14-Apr-2017 ESOS 1,298,000 1.300 352,025,636 Additional Listing Detail
15-Mar-2017 16-Mar-2017 ESOS 2,413,150 1.300 350,712,636 Additional Listing Detail
16-Feb-2017 17-Feb-2017 ESOS 96,000 0.640 348,216,486 Additional Listing Detail
14-Dec-2016 15-Dec-2016 ESOS 122,800 0.640 348,120,486 Additional Listing Detail
11-Nov-2016 14-Nov-2016 ESOS 78,000 0.640 347,997,686 Additional Listing Detail
14-Oct-2016 17-Oct-2016 ESOS 1,037,000 0.640 347,919,686 Additional Listing Detail
14-Sep-2016 15-Sep-2016 ESOS 2,866,150 0.640 346,882,686 Additional Listing Detail
19-Aug-2016 22-Aug-2016 ESOS 2,187,050 0.640 344,016,536 Additional Listing Detail
11-Aug-2016 12-Aug-2016 ESOS 637,000 0.640 341,829,486 Additional Listing Detail
15-Jul-2016 18-Jul-2016 ESOS 240,000 0.640 341,192,486 Additional Listing Detail
28-Dec-2015 29-Dec-2015 ESOS 1,990,600 0.250 1,363,809,945 Additional Listing Detail
09-Dec-2015 10-Dec-2015 ESOS 983,100 0.200 1,360,260,645 Additional Listing Detail
26-Nov-2015 27-Nov-2015 ESOS 5,730,900 0.250 1,356,334,795 Additional Listing Detail
11-Sep-2015 14-Sep-2015 ESOS 2,939,100 0.320 1,346,970,195 Additional Listing Detail
08-Sep-2015 09-Sep-2015 ESOS 2,270,400 0.320 1,344,031,095 Additional Listing Detail
25-Aug-2015 26-Aug-2015 ESOS 7,759,700 0.320 1,341,760,695 Additional Listing Detail
17-Feb-2015 18-Feb-2015 Others 290,300 0.380 1,334,000,995 Additional Listing Detail
13-Feb-2015 16-Feb-2015 Others 118,200 0.380 1,333,710,695 Additional Listing Detail
12-Dec-2014 15-Dec-2014 Others 160,000,000 0.380 1,333,592,495 Additional Listing Detail
31-Oct-2012 01-Nov-2012 Bonus Issue 391,197,321 0.000 1,173,592,495 Additional Listing Detail
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  7 people like this.
Whey Whey Mbsb and aeoncr
14/09/2017 20:16
Jarklp Thanks. Thought MBSB and Aeon have high PE... I am looking for low PE with stable earning stocks ..
15/09/2017 09:55
CY1214 http://asianbankingandfinance.net/retail-banking/news/3-implications-banks-financials-when-mfrs-9-takes-effect-in-2018
18/09/2017 10:12
Jarklp That could explain why the dividend was reduced. They may need more capital. With higher provisions, hopefully this translates into more stable earnings going forward.
19/09/2017 09:33
Whey Whey Received the dividend already... thx rcecap xD
20/09/2017 13:56
godhand can anyone explain why is the gearing so high and getting higher for this company.
23/09/2017 09:40
Whey Whey Because it need to borrowed money so it can lend to civil servant...does it answer ur question? Lol
23/09/2017 11:35
godhand looking for answer with better insight. how are they going to repay the debt or rather when will the gearing normalized. with shrinking equities and expanding debt. how safe is it? Generally gearing of 0.5 is considered high. This company has 2.x gearing and its increasing exponentially looking at the chart.
23/09/2017 12:50
Whey Whey Read this, it is normal they hv high gearing because they cant take deposit so to grow their business they need to borrow more money so can lend to more ppl...AEONCR gearing is much more higher the rce capital but look at their past 5 years share price movement...

As at 30/11/2016, AEONCR's financial position is deemed satisfactory, with adequate current ratio of 2.2x while gearing ratio maybe on the elevated side at 5.1x. The gearing ratio is definitely higher than RCECap's gearing ratio of 2.9x as at 31/12/2016. I
23/09/2017 13:08
Whey Whey Another example MBSB also is 5.5x gearing
23/09/2017 13:18
heata Oh breaking 1.6..
25/09/2017 16:53
tecpower Banks drag KLCI into the red for fifth straight decline | http://www.klsescreener.com/v2/news/view/284669
25/09/2017 19:19
tecpower Nomura: Consumption recovery will drive Malaysian equity | http://www.klsescreener.com/v2/news/view/284393
25/09/2017 19:24
tecpower According to a sector analysis, Nomura found that sectors showing signs of early margin turnaround include consumer discretionary, information technology, utilities and staples sectors.

Meanwhile, sectors such as financials, healthcare, materials, telcos, and real estate may still see margin weakness ahead.
25/09/2017 19:25
gcke From the Technical Price Charts the stock counter is currently very bearish.
2.The Moving Average(MA),MACD,RSI,stochastic charts or trend lines support the bearishness for the stock price.
3.The RSI chart showed the counter is currently in the Oversold situation.
4.Do watch out on the implementation of MFRS beginning of next year.How it will affect the bottom line for this counter has yet to be discerned!
5.Global equities on poor sentiments currently also have a negative impact on the stock price.

Outcome: Surprised me that even though this counter has healthy bottomlines and report decent QR every quarter but the stock price barely move upwards.Is there something that we could have missed out or were not disclosed to us by the company.
Just to share:-(((
26/09/2017 13:17
ginvin very disappointing share price movement!
26/09/2017 15:52
tecpower Downtrend. Sell the stock in tomorrow's morning.
26/09/2017 18:34
dotasifu keep down trend..too bad..any bad news on this stock?
27/09/2017 11:22
kidsplay sell sell sell
28/09/2017 18:39
straycats http://www.thestar.com.my/business/business-news/2017/09/28/bank-negara-to-implement-nsfr-no-earlier-than-jan-1-2019/

Good news for all the local banks trying to raise enough funds for Basel3. Now postponed a year from 1/1/2018 to earliest of 1/1/2019. Downside is they won't offer such good FD rates to raise funds for now.
28/09/2017 22:14
heata Pe 6. Buy
03/10/2017 20:04
Leeyen Law any idea why rce share price keep going downwards ?
10/10/2017 07:11
Jon Choivo does RCECAP have access to the CCRIS system by now?
10/10/2017 23:38
heata Default loan increase and secured loan reduced. Hmmm
10/10/2017 23:42
invest_101 @heata, are you making a passing comment or is it something you know.
11/10/2017 00:19
heata Its in the latest annoucement..
11/10/2017 00:24
veln82k6 Operator keep push down.
11/10/2017 12:03
heata Rcecap testing lower low evwyrday. Headache
11/10/2017 19:24
veln82k6 Good time to collect
11/10/2017 20:29
Jarklp Need a lot of patience for this counter...
11/10/2017 21:29
Jon Choivo link please heata.

I dont mind it stay low for awhile, this stock is at least undervalued by 100% and still has incredible amount of room to grow.

Can slowly add as long as fundamentals stay the same.

Then again i only bought at 1.55 not higher like some here.
12/10/2017 01:04
heata @jon. http://www.malaysiastock.biz/Company-Announcement.aspx?id=1005435 compare this qoq and yoy. Comments are welcome. I maybe wrong....
12/10/2017 11:36
Jarklp They had about RM10m and RM 6m written off same period last year and last quarter respectively. it is about 12m this quarter. I could be wrong but I am not too annoyed unless the write off have not been provided for earlier. Should not have earnings impact.
12/10/2017 13:38
Jon Choivo heata, that is irrelevant. Relax
12/10/2017 17:55
Jon Choivo Ill see you guys again when if it drops 10% or goes up significantly.
12/10/2017 17:56
KLCI King Good company with low PE but still keep dropping from 1.92 since May this year to 1.54, market think future not good?

12/10/2017 17:59
heata @Jon why is it irrelavant? The downtrend this few months are due to few bad news. First the capping of 60% debt to civil servant, then MFRS9 and the latest announcement.
13/10/2017 12:05
Jon Choivo Post removed. Why?
13/10/2017 12:39
Jon Choivo Post removed. Why?
13/10/2017 12:44
heata Thank you @Jon
13/10/2017 14:07
imlearning everyday down down down, when will it up? sien!
13/10/2017 16:07
KLCI King I have been monitoring this counter & it kept going down, I know the reason why it is down & you seem don't know why as you thought it was up like mad before.

Guess you don't know about Bank Negara ruling & new accounting standards to be applied to all banks and you are blind about the impact of it.

So, please continue to enjoy yourself with the market to buy when it is cheap.
13/10/2017 16:13
KLCI King Another joker like to talk loud & act like stock god, thought all prices up or down because of sentiments, charts or trends.

Posted by Jon Choivo > Oct 13, 2017 12:39 PM | Report Abuse
60% was in 2013.
Latest announcement did not say anything relevant.
MFRS9 whole world also know, what makes you think its not priced in?
Fuck downtrend. Airasia last year from 3.2 downtrend to 2.1. The shoot to 3.5.
During this entire period, the fundamentals of airasia were exactly the same.
Fuck sentiment, fuck charting, fuck downtrend.
I analyse the company, i like the company and/or i like the valuation, i buy.
The i go sleep and paktoh.
13/10/2017 16:15
WaAdaLui General loan financing services provider RCE Capital Bhd said it "does not compete for market share"
Speaking to reporters after its annual general meeting, its chief executive officer Loh Kam Chuin acknowledged that within the Malaysian personal financing sphere which is worth about RM160 billion, RCE Capital commands only about 1% share of the market.
"We don't compete for market share. We are on the niche side and serve markets that are unserved by the bigger players," Loh said.

No compete, how to expand;
No expand, how to growth;
No growth; Share price how to up!!!!!!!!!
13/10/2017 16:23
godhand it may seem cheap at first glance. but be cautious on the shrinking equities over the year. We want growth in both profit and equities.
not growth in profit at the cost of equities.

its very dangerous to look at pe for this stock
13/10/2017 16:26
Jon Choivo I'm an ex auditor, its my job to know the standards :)

There should be something like 50 basis points changes for the CET 1 equity tier. But other than that. It wont be that big.

Every single news article about MFRS 9 is negative. And every bank forum is talking about how bad it will be. This indicates to me that it is already incorporated into the price.

The only question is how accurate is the market.

Good for you. if you know, let us know, quantify it. Not just some stupid argument about sentiment.

KLCI King I have been monitoring this counter & it kept going down, I know the reason why it is down & you seem don't know why as you thought it was up like mad before.

Guess you don't know about Bank Negara ruling & new accounting standards to be applied to all banks and you are blind about the impact of it.

So, please continue to enjoy yourself with the market to buy when it is cheap.
13/10/2017 17:14
Jon Choivo Post consolidation in April 2016, it has gone up from 0.75 to a high of 1.92 in May 2017. before coming down to the current 1.52.

How is 0.75 to 1.92 not insane. It was 150+% gain in a year, Granted it was very undervalued then.

Airasia also similar story, severely undervalued at 0.9, the shoot up like mad to 3.1 in less than a year. The went down to 2.1 for no reason other than it has gone up a lot previously. so people want to be stupid. Then shoot up non stop to 3.5

Another stock to look at is AEONCR. Every year, the revenue and profit is up. For the last 8 years. And yet the price is up down, left right centre. Why? Market stupid and people sentimental. Only know how to look at the chart at malaysiastockbiz, dont know how to read annual report and do their own chart and research.

If you see Warren Buffet purchases, he's buying a lot of synchrony financial. Its also a non bank financial institution, somewhat similar biz. Go do a comparative analysis in terms or ROA, leverage and P/B. You will see how insanely underpriced RCECAP is.

Having said that, im wating for next quarter result. Before i do anything else, unless price drop 10% or more. My limit for a stock in terms of percentage of portfolio is 25% (very very fantastic company at great price). This is now at 7%, i can top up later.
13/10/2017 17:24
middleman My personal opinion on the impairment provision is unlikely to be >30% on earlier estimation by banks. They have to justify those percentage according to figures from European banks, which will adopt the FRS9 earlier. The most recent estimation on European bank is not more than 20% on average.

RCECAP and AEONCR is not a bank, so their provision will be extremely high if they adopt the maximum 70%. ( I wonder why impact on AEONCR is not reflected, might it be someone is selling?)

I believe RCECAP has engaged one of the BIG-4 to assist them on this issue and trying to bring down the number, personally I think BNM is likely to adopt a much lower percentage since their borrower are mostly government servant; but we can't ignore personal loan is always classify as high risk, regardless of the cashflow income..

Price has dropped for the past few months, but none of the major shareholders or directors announced changes on their equities; I wonder who is the seller and buyer?

Let's wait for Najib announcement on end of October, since he has promised a surprise for government servant.
13/10/2017 19:57
hipster base on the chart, seems like it's going to trend down further; would be interesting to see if it will rebound at next support level.
13/10/2017 20:15
KLCI King Good discussions
16/10/2017 15:37


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