RCE CAPITAL BHD

KLSE (MYR): RCECAP (9296)

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Last Price

3.16

Today's Change

+0.04 (1.28%)

Day's Change

3.10 - 3.16

Trading Volume

835,300

Financial
Market Cap

Market Cap

2,342 Million

NOSH

741 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#3]

Announcement Date

08-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

23-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

-9.63% | -1.74%

T4Q Result

Revenue | NP to SH

341,847.000 | 144,529.000

RPS | P/RPS

46.13 Cent | 6.85

EPS | P/E | EY

19.50 Cent | 16.20 | 6.17%

DPS | DY | Payout %

14.83 Cent | 4.69% | 76.06%

NAPS | P/NAPS

1.09 | 2.90

QoQ | YoY

-0.42% | 6.68%

NP Margin | ROE

42.28% | 17.93%

F.Y. | Ann. Date

31-Dec-2023 | 08-Feb-2024

Latest Audited Result

Latest Audited Result

31-Mar-2023

Announcement Date

27-Jul-2023

Next Audited Result

31-Mar-2024

Est. Ann. Date

27-Jul-2024

Est. Ann. Due Date

27-Sep-2024

Annual (Unaudited)

Revenue | NP to SH

323,632.000 | 138,784.000

RPS | P/RPS

43.67 Cent | 7.24

EPS | P/E | EY

18.73 Cent | 16.87 | 5.93%

DPS | DY | Payout %

29.67 Cent | 9.39% | 158.42%

NAPS | P/NAPS

1.09 | 2.90

YoY

4.22%

NP Margin | ROE

42.88% | 17.22%

F.Y. | Ann. Date

31-Mar-2023 | 23-May-2023

Annualized Result

Revenue | NP to SH

345,602.666 | 146,252.000

RPS | P/RPS

46.64 Cent | 6.78

EPS | P/E | EY

19.74 Cent | 16.01 | 6.25%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-2.66% | 5.53%

NP Margin | ROE

42.32% | 18.14%

F.Y. | Ann. Date

31-Dec-2023 | 08-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 2 / 4 50.00% 4 / 8 50.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 4.48% 4.23%
Average Net Profit Margin 42.29% 42.59%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 5 / 5 100.00% 9 / 10 90.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Profit Growth 5 / 5 100.00% 9 / 10 90.00%
Continuous Quarters Of Adjusted EPS Growth 5 / 5 100.00% 9 / 10 90.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend Growth 5 / 5 100.00% 6 / 10 60.00%
Continuous Quarters Of Adjusted Dps Growth 5 / 5 100.00% 6 / 10 60.00%
Average ROE 16.29% 13.12%
Average Net Profit Margin 41.07% 33.83%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 341,847 345,602 323,632 235,479 292,345
NP to SH 144,529 146,252 138,784 83,984 120,540
Dividend 109,927 78,170 219,855 66,508 83,259
Adjusted EPS 19.50 19.74 18.73 11.33 16.27
Adjusted DPS 14.83 10.55 29.67 8.97 11.24

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -0.47% 7.16% 7.56% 2.28% 6.35%
NP to Owner -9.63% -1.74% 5.53% -4.34% -1.25%
Dividend 0.00% 0.00% -65.21% 0.00% 0.00%
Adjusted EPS -9.63% -1.74% 5.53% -4.34% -1.25%
Adjusted DPS 0.00% 0.00% -65.21% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 5.63% 16.93% 45.17% 6.79% 18.22% 46.77% 8.07% 10.70% 37.44%
NP to Owner 4.14% 19.90% 72.09% 5.38% 21.33% 74.14% 4.22% 15.14% 65.25%
Dividend -50.00% 32.03% 65.28% -64.44% -6.11% 17.54% 173.14% 164.06% 230.57%
Adjusted EPS 4.14% 19.90% 72.09% 5.38% 21.33% 74.14% 4.22% 15.14% 65.25%
Adjusted DPS -50.00% 32.03% 65.28% -64.44% -6.11% 17.54% 173.14% 164.06% 230.57%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
8 people like this. Showing 50 of 4,096 comments

multi-bagger

lol i get it now

2 months ago

jeffrey1166

ya correct

2 months ago

jeffrey1166

just buy n keep only easy investment

2 months ago

Steven Lim

Post removed.Why?

2 months ago

jeffrey1166

coming boost up

2 months ago

calvintaneng

Blog: THE IMMENSE VALUE OF TSH'S 80,000 ACRES PRIME LANDS IN BONGAN, (Only 43.9 KM from TiTik Nol IKN NUSANTARA, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-12-story-h-186519186-THE_IMMENSE_VALUE_OF_TSH_S_80_000_ACRES_PRIME_LANDS_IN_BONGAN_Only_43_9

1 month ago

jeffrey1166

let wait gem fly

1 month ago

ashzaii

Drop 6%, whats going on

1 month ago

yielder

will government open up the license, to allow other banks to compete with RCE?

1 month ago

pang72

I thought the price stabilise then move up but crashing for 2nd round..
It likely gone now onward...
It is too high in fact...
It is more like glove stock which people thought will go $25 or $50..
But $1

1 month ago

jeffrey1166

small correction

1 month ago

jeffrey1166

tq pure bull sifu

1 month ago

alexnada

What happened? there was an uptick but then crash again???

1 week ago

speakup

Drop 4sen is a crash???

1 week ago

multi-bagger

Govt servant salary increase, rcecap is a direct beneficiary

1 week ago

jeffrey1166

ya tp can set 3.7

1 week ago

Penguin88

People just blindly chase up the stock price without further thinking.

For those civil servant with high position and already with high salary, the increment means they have more money to repay to the lessor, which in turn will reduce the profitability and margin of the company.

For those that not high in salary, they will use the increment for daily expense . Of course, increment will also enable them to borrow more money from lesser.

So in overall, this shld be viewed in neutral instead of over positive.

1 week ago

ooihk899

It will be 30% increment starting from lowest level civil servant.
The higher level it goes, the lower the increment.
This will resulted in more civil servant eligible to
apply for loan than expected.
But most important is still the coming QR.

1 week ago

Penguin88

13% or 30%? If getting 30% do they still need to go borrow additional money? 30% is a comfortable level for them to service existing debt instead of borrow more money?

Why everyone is thinking with increment all civil servant must need to borrow more money? In the past civil servant borrow money is because low salary, now with such increment they can be more affordable to pay bills by their own instead of relying more borrowing.

1 week ago

ooihk899

Aiyo, got ppl dun know how to read lo!!!!!! 😄😁😂🤣
Go read more detail lo. 13% is the average.
What??? Sour grape ar? Not able to buy cheap ar? Miss the boat is it?
Let me know how much you want, I'll sell to you lo!!!
Wakakakakaka.😀😁😂😆🤣

1 week ago

Penguin88

We are expressing our thought and opinion here for discussion and you suddenly say so much of useless words? You think everyone with opposite thought with you is sour grape? You got serious mental diseases and you forgot to eat medicine?

1 week ago

TalkNumberOne

😂😂😂😂😂😂😂😂

1 week ago

jeffrey1166

coming fly

1 week ago

ooihk899

https://www.sinchew.com.my/news/20240502/nation/5576789
It's 20% to 40% increment for low level civil servant.
Minimum pay is 2K for civil servant.

1 week ago

ooihk899

Aiyoyo, got ppl angry lo, wakakaka 😀😁😆😂🤣.
Why? Your comment make me laugh ma. Why cannot laugh meh???
I oso express my opinion ma! Cannot meh?

1 week ago

ooihk899

Jeff, hope you're r right. For me, coming QR is more important.
If QoQ n YoY cantik., then ok lo, else ....like wat happen in end Feb lo.

1 week ago

jeffrey1166

yaya surely qr will be nice

1 week ago

Penguin88

Hahaha now say it opinion wor..say ppl sour grape is opinion? Joker la you with really serious mental problem lol..sia sui

1 week ago

ooihk899

Aiyoyo, now ppl can't have opinion on other ppl wor?
Got law like that meh? 😀😄😁😆😂🤣

1 week ago

yielder

how RCE benefit from civil servant salary increase? if they got more money, they should borrow less

1 week ago

limch

Civil servant pay increase not Dec'24 meh? Why RCE jump 22 sen today? Today they already borrow more from RCE?

1 week ago

multi-bagger

you've gotta understand their mentality, the more they earn means the more they can borrow

1 week ago

limch

If Chinese pay increase meaning save more.

1 week ago

multi-bagger

also maybank IB increased rcecap target price from 2.44 to 3.02 after the announcement

1 week ago

AhKeat2018

Once u get used to spending future money and loan to spend, more money means more spending. They will only borrow more because the DSR allowed them to borrow more now. So, yes, with increment, they will spend more and borrow more.

1 week ago

Penguin88

When Maybank downgrade from buy to hold with target price 2.44, the share price is still higher than 2.44. No one mention this here. When Maybank upgrade to buy now, ppl keep sharing this. Why?

1 week ago

jeffrey1166

surely can boost up

1 week ago

yielder

will government issue more money lending license to compete with RCE?

6 days ago

multi-bagger

@Penguin I wish you good luck in your investing journey, I think u need it

6 days ago

ooihk899

Never believe those IB. Do your own research.

If I'm civil servant, I do not need to save a lot since I have pension.
After I pass away, my wife will inherit my pension. So why worry.
If children cannot get scholarship, there is always PTPTN. interest
1 percent only. Now is high inflation era, money depreciate very fast.
So spend lo, if not enough money borrow lo, else if you buy later,
thing will become 10 or 15 or 20 percent more expensive.
Anyway, iron rice bowl ma.🙂 Must enjoy life ma.

6 days ago

ooihk899

Also, government hospital medical cost is very low for civil servant ma.

6 days ago

jeffrey1166

they all like lend money

6 days ago

jeffrey1166

tp can set 3.8 dividend 0.1 first interim as mm start huge buying

4 days ago

ooihk899

Jeff, even div of .09 is a big thing for RCE.
Wow, if div is really 0.1, n QR is good,
RCE sure will shoot thru the roof!!!🤑

4 days ago

ooihk899

Thanks for the info, Jeff.
Also, It should be the final dividend they will declare the coming Q.

4 days ago

jeffrey1166

welcome ooi

3 days ago

jeffrey1166

time can prove on june

3 days ago

jeffrey1166

ya shogun

2 days ago

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