Highlights
KLSE: RCECAP (9296)       RCE CAPITAL BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.50   -0.01 (0.66%)  1.49 - 1.51  77,000
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Overview

Market Cap: 538 Million
NOSH: 359 Million
Avg Volume (4 weeks):135,036
4 Weeks Range:1.45 - 1.63
4 Weeks Price Volatility (%):
27.78%
52 Weeks Range:1.06 - 1.72
52 Weeks Price Volatility (%):
66.67%
Average Price Target: 2.10
Price Target Upside/Downside: +0.60
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#2]  |  14-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  08-Feb-2019
T4Q P/E | EY: 5.81  |  17.21%
T4Q DY | Payout %: 5.07%  |  29.46%
T4Q NAPS | P/NAPS: 1.5165  |  0.99
T4Q NP Margin | ROE: 36.25%  |  17.02%

Headlines

Date Subject
02-Dec-2018 (CHOIVO CAPITAL) Lets talk about RCE CAPITAL (RCECAP)
15-Nov-2018 [转贴] 5分钟看懂 RCECAP(9296) 2019年 Q2季报 ~ 第一天
07-Sep-2018 [转贴] RCECAP 股东大会 6-9-2018 @ Tropicana Golf & Country Resort ~ 第一天
07-Sep-2018 Mplus Market Pulse - 7 Sept 2018
24-Aug-2018 [转贴] 5分钟看懂 RCECAP(9296) 2019年 Q1季报 ~ 第一天
03-Aug-2018 [转贴] RCE資本是能以守為攻的成長型股息股~RCECAP - Alex Shee
02-Aug-2018 Technical Analysis - RCE Capital
02-Aug-2018 [转贴] 5分钟看懂RCECAP 2018年报重点 - 第一天
22-Jun-2018 Technical Analysis - RCE Capital
07-Jun-2018 Daily Technical Highlights – (RCECAP, RGB)
05-Jun-2018 Technical Analysis - RCE Capital
29-May-2018 [转贴] 5分钟看懂 RCECAP(9296) 2018年 Q4季报 - 第一天
15-Feb-2018 [转贴] RCE資本屢創佳績!趁低吸納,以守為攻~RCECAP - Alex Shee
13-Feb-2018 RCE资本升息无损贷款增长
22-Jan-2018 低P/E值的便宜好股?系列1- RCECAP:有借有还,想赚不难

Business Background

RCE Capital Bhd is engaged in the business of investment holding and provision of management services. The company operates in two segments: Consumer financing which is involved in general consumer loan financing; Investment holding which is involved in investment activities, provision of management services and provision of factoring and confirming. The group operates substantially in Malaysia.
Analyze this stock with MQ Trader system

  7 people like this.
 
cyeec2000 Jon: I dun have rcecap..but have some interesting it before knowing from annual report..I am only having aeoncr
13/09/2018 20:04
joekit I wanna buy some to keep....Leng Lui ah...lol
14/09/2018 12:26
Choivo Capital Haha takeprofit,

Do note, all my comments are for my benefit only. Take it how you may.

I'll just say this. The relevance of the size of the GIL depends on the spread.
18/09/2018 11:40
Choivo Capital Anyway, if my comment resulted in today's drop, i'm happy. Because i get to buy more at a cheaper price.

And i don't mind telling you this, because i won't be buying anymore for some time. Its already by far the largest position in my portfolio. Lets see how things go moving forward.
18/09/2018 11:46
Learner King Idiot will always been an idiot. He thought he write few comments here can cause the price to drop? LMAO
18/09/2018 11:58
Choivo Capital And as always learner king still got reading comprehension problem.

"if my comment resulted in today's drop."

If. Do you understand the meaning? Hahahahaha

You need to learn more man. Maybe when you are learner god, you can finally have the intelligence of an average individual.

Jia you!
18/09/2018 13:32
Choivo Capital Were you the guy who looked like he was missing one chromosome? The one with the irrelevant questions?

Next time, intro by saying you are learner king. I'll be sure to go over and give you voucher for english and critical thinking lessons.

I'll even recommend you a few things to study, so you can finally have the intelligence of a normal human being.

Its worth striving for, trust me!

====


Posted by Learner King > Sep 7, 2018 12:47 AM | Report Abuse

Attended the AGM but I won't share anything here because got one suhei that trying to charge people 5k here andi dont want him to get free information. I only can tell u all sure won't regret to invest in this company. Cheers
18/09/2018 13:41
Learner King Hahaha keep barking la...!
18/09/2018 14:59
Choivo Capital Woof Woof!

What special information you got from AGM?

Director name? Company registration number?

You need me to tell you the profit figure?

Hahahaha.

For all your foolishness and stupidity, at least you bought this co. For stupid or smart reason. I have no idea.
18/09/2018 16:16
Learner King Good good Keep barking more haha
18/09/2018 18:53
Alex Shee https://www.facebook.com/xxscyehxx/
19/09/2018 10:40
Alex Shee my other top pick recently included frontkn, dufu, myeg and etc. all of them have good performance, but rcecap not yet. however, i think it is good to hold for future as a defensive stock.
19/09/2018 10:41
Alex Shee guys, pls like my fb page if u like my work : ) I will bring more update about rcecap
19/09/2018 10:42
Jasper Coo Wow! the stock price is rising, profit increasing also kikiki
19/09/2018 11:55
Choivo Capital You don't suddenly backside here with cherry picked track record.

your biggest pick
SOLUTN-WA
HIAPTEK-WA
LIONIND

and to an extent MBSB

all holland until no eye see. Why never mention?

What is defensive what is aggressive stock? You tell me now. Show me your incisive acumen.

=====
Alex Shee my other top pick recently included frontkn, dufu, myeg and etc. all of them have good performance, but rcecap not yet. however, i think it is good to hold for future as a defensive stock.
19/09/2018 10:41
19/09/2018 16:38
Jun Yu still waiting
25/09/2018 09:02
Learner King Game over cos got the jon suhei here
25/09/2018 19:32
secret1q receive the dividend today. come lets support with the dividend
04/10/2018 15:46
xianchua downtrend. becareful
05/10/2018 20:58
gladiator Already drop buy more..
09/10/2018 17:47
tokohM why rcecap nobody wants?
10/10/2018 16:26
tokohM ggg sigh
11/10/2018 09:29
xianchua recently have a bullish hammer pattern
15/10/2018 11:29
xianchua will have a uptrend
15/10/2018 11:29
Walao Walao Eh Down until pecah support
23/10/2018 18:41
TakeProfits Don't expect too much folks due to world market sentiments mar. Nobody wants to take too much risks now...You Ada wang, bolih beli and simpan under tilam..kah kah kah...kikiki
30/10/2018 03:17
Outliar Hmm
02/11/2018 15:10
PotentialGhost Good tomorrow will shoot up
14/11/2018 18:18
commonsense Why is the stock so cheap? PE wise only 6.0x. PB wise it still below 1.0x BV. Plus the company even pay dividend.

Is it fair to used the banking industry as its comparable?
14/11/2018 18:36
Pc Tan Take loan to pay dividend,are you sure???
14/11/2018 18:55
eleh it is only 1%. lol.
14/11/2018 20:03
USApg Hello, some big bank p/e only 9
14/11/2018 21:02
cheoky Don't care. Dividend come in 1st
14/11/2018 21:04
PotentialGhost Gogogo rce cap
15/11/2018 10:39
apolloang u better predict 4d for me to buy than stocks,hantu kom kom apa number can open on sat? hehe
15/11/2018 10:40
commonsense Hi Pc Tan,

I see what u mean on them taking debt to finance the dividend as the cfo was negative in 3q18.
But is that not just because the revenue from the sales has yet to turn to cash (stilk under receivable) . Because i saw that aeon credit cash flow statement is similar as well. Is there any other company in the industry that differs from these 2?

Hi USApg,

So does this mean rce cap is cheaper? Cause only trading at 6.0x? Or its cheap because of something else?
15/11/2018 11:28
gladiator this year should give 8 sen dividend at RM1.60 you get 5% dividend yield.
15/11/2018 12:46
Pc Tan Dear commonsense,thank for your good explanations
16/11/2018 13:30
eskay67 As commented above, negative operating cash flow merely reflects asset / receivables growth financed from borrowings and/or equity fund raising. While RCE Cap target segment is mainly civil servants for personal loans, AEON Credit targets broader micro financing segments as well as credit card, e-money and certain other product segments. While current ROE level of RCE Cap is slightly lower than AEON Credit, the figures are still pretty good. My conclusion : RCE Cap does seem to be undervalued stock. Can’t see any reason why price level should not command certain premium over NTA per share, which currently stands around RM1.60 per share (30 Sep 2018).
19/11/2018 20:00
Choivo Capital https://klse.i3investor.com/blogs/PilosopoCapital/142803.jsp

http://www.rce.com.my/docs/news/Kenanga%20Report.pdf

http://www.rce.com.my/docs/news/Maybank%20Research%20Report%20-%20RCE%20Capital%20Berhad%2020.09.2016.pdf

Kindly refer to this. It should answer most if not all your questions.

=====

eskay67 As commented above, negative operating cash flow merely reflects asset / receivables growth financed from borrowings and/or equity fund raising. While RCE Cap target segment is mainly civil servants for personal loans, AEON Credit targets broader micro financing segments as well as credit card, e-money and certain other product segments. While current ROE level of RCE Cap is slightly lower than AEON Credit, the figures are still pretty good. My conclusion : RCE Cap does seem to be undervalued stock. Can’t see any reason why price level should not command certain premium over NTA per share, which currently stands around RM1.60 per share (30 Sep 2018).

commonsense Hi Pc Tan,

I see what u mean on them taking debt to finance the dividend as the cfo was negative in 3q18.
But is that not just because the revenue from the sales has yet to turn to cash (stilk under receivable) . Because i saw that aeon credit cash flow statement is similar as well. Is there any other company in the industry that differs from these 2?

Hi USApg,

So does this mean rce cap is cheaper? Cause only trading at 6.0x? Or its cheap because of something else?
15/11/2018 11:28
21/11/2018 14:50
singh1 10 years ago ago the share price was at today's level. So on that side of things, the returns are a
wonderful Zero percent !!!
Dividends over the 10 year period amounts to about 40 sens. Invest 160 sen and get 40 sens over 10 years amounts to a yield of 2.5% per year.
Will be better off placing the investment in FD and enjoy a good night sleep. No tension from the ups and downs of the marketplace.
What do you guys think? Makes sense or not? Correct me if I am wrong. Thanks.
25/11/2018 08:33
Kensington singh1, to arrive at the above conclusion, have you taken into consideration of any capital changes between 2012 and 2016, i.e. BI, RI and share consolidation? That might give us a more accurate picture. Thanks.
25/11/2018 09:07
singh1 The observation was made with reference to data from google as follows. I wonder too if the data takes into account all changes that have occurred during the said period.
https://www.google.ca/search?q=rcecap+share+price&rlz=1C1CHWA_enCA635CA669&oq=rcecap&aqs=chrome.1.69i57j0j69i61j0l3.6423j0j7&sourceid=chrome&ie=UTF-8
25/11/2018 22:57
Choivo Capital It does. Study what happened in 2013-2014.

===
singh1 The observation was made with reference to data from google as follows. I wonder too if the data takes into account all changes that have occurred during the said period.
https://www.google.ca/search?q=rcecap+share+price&rlz=1C1CHWA_enCA...-8
25/11/2018 22:57
26/11/2018 10:05
10154899906070843 Hi Singh1, I may be wrong on this, but I think your conclusion on price alone as a factor of investing in stocks is pretty flawed. Example, the house I bought in puchong was pretty low for a good 10 years before suddenly the price jump to catch the value of the location in recent years. So price and value is unconnected from my opinion,

In 2009( best year in Malaysia), rce did around 200m revenue, the net assets per share is 40 cents, earnings is 9 cents.
In 2018( after the worst set of years in Malaysia), rce did around 245m revenue, net assets per share is 151 cents, earnings is 26 cents.

If you assume that IMDb d didn't exist, and market factors from our spending (usd3.0 to usd4.5 exc) has no effect on business, then yes fd would have been a much better investment. But imagine if you had bought 10k every quarter from 2009-2018( knowing that you had a solid business and just keep on buying consistently), the dollar cost averaging itself u would realize that your average buying cost + dividend would be around rm1.20.
27/11/2018 10:46
10154899906070843 So my question is, do you think our country which had 7 years of bad economy will be balanced out by 7 years of good economy in the future? ( Past results doesn't guaranteed future performance)

And if you think Malaysia will catch a break sooner or later, do you think a company that averages 36% net profit during the bad times will outperform during the good times?

Basically it's like buying that semi-d in puchong for 300k, you don't know what the value will be like, but the location will almost guarantee value sooner or later.

Hope this gives you more clarity. Until then, buy and hold!
27/11/2018 10:52
leong87654321 Forecast TP is rm 1.95. Do not know when? Wait .........wait
27/11/2018 22:04
darkangell slow2 wait
27/11/2018 22:57
Vivian Hee Drop to 1.45
30/11/2018 10:45
gladiator Why today drop?
30/11/2018 11:44


 

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