Highlights
KLSE: RCECAP (9296)       RCE CAPITAL BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.77   -0.04 (2.21%)  1.77 - 1.82  2,191,300
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Change in Board Member

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Ann. Date Date Type Designation Name View
30-Sep-2019 30-Sep-2019 APPOINTMENT Director MR LUM SING FAI View Detail
30-Sep-2019 30-Sep-2019 APPOINTMENT Director MR THEIN KIM MON View Detail
16-Apr-2018 16-Apr-2018 RESIGNATION Independent Director TAN SRI MOHD ZAMAN KHAN @ HASSAN BIN RAHIM KHAN View Detail
16-Apr-2018 16-Apr-2018 RESIGNATION Independent Director DATO' CHE MD NAWAWI BIN ISMAIL View Detail
15-Mar-2017 15-Mar-2017 APPOINTMENT Independent Director DATUK MOHAMED AZMI BIN MAHMOOD View Detail
01-Apr-2015 01-Apr-2015 RESIGNATION Chairman & Director Tan Sri Azman Hashim View Detail
01-Apr-2015 01-Apr-2015 REDESIGNATION Board Member Shahman bin Azman View Detail
31-Dec-2014 31-Dec-2014 RESIGNATION Non-Executive Director Dato' Ab. Halim bin Mohyiddin View Detail
31-Oct-2014 31-Oct-2014 APPOINTMENT Non-Executive Director Mahadzir bin Azizan View Detail
11-Sep-2014 11-Sep-2014 RETIREMENT Non-Executive Director Major General (Rtd) Dato' Haji Fauzi bin Hussain View Detail
27-May-2013 01-Jun-2013 APPOINTMENT Non-Executive Director Tan Bun Poo View Detail
27-May-2013 01-Jun-2013 REDESIGNATION Board Member Tan Sri Azman Hashim View Detail
14-Oct-2011 13-Oct-2011 DEMISED Non-Executive Director Chew Keng Yong View Detail
08-Oct-2009 08-Oct-2009 APPOINTMENT Non-Executive Director Dato' Ab. Halim bin Mohyiddin View Detail
02-Jun-2008 02-Jun-2008 APPOINTMENT Non-Executive Director Shahman bin Azman View Detail
31-May-2007 01-Jun-2007 REDESIGNATION Board Member Tan Sri Dato' Azman Hashim View Detail
28-Aug-2006 28-Aug-2006 OTHERS Non-Executive Director Chew Keng Yong View Detail
28-Feb-2006 28-Feb-2006 APPOINTMENT Director Dato' Che Md Nawawi bin Ismail View Detail
05-Oct-2005 05-Oct-2005 RESIGNATION Vice Chairman Azmi Hashim View Detail
05-Oct-2005 05-Oct-2005 RESIGNATION Director Mr. Wong Bin Chen View Detail
26-Aug-2004 26-Aug-2004 REDESIGNATION Board Member Chew Keng Yong View Detail
12-Jun-2003 12-Jun-2003 RESIGNATION Non-Executive Director Tuan Haji Richard Azlan Abas View Detail
25-Apr-2003 25-Apr-2003 APPOINTMENT Non-Executive Director Mej. Jen. (Rtd.) Dato' Haji Fauzi bin Hussain View Detail
Analyze this stock with MQ Trader system

  7 people like this.
 
dlau8899 Good dividend stock, with stable income
12/11/2019 9:21 PM
GLNT 1.70 and above likely over next few weeks.
13/11/2019 9:17 AM
Sohai Trader steady and slow moving stocks.... good fundamentals, need a lot of patience....
13/11/2019 5:09 PM
monkeyinvestor okay time is come break new high soon!
14/11/2019 2:54 PM
kaleemtheman RCE Capital Bhd - up eight sen to RM1.70

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
14/11/2019 3:08 PM
Outliar I think it's highly unfortunate that Choivo boy being the biggest proponent of RCE is not able to reap its full and long term rewards
14/11/2019 4:18 PM
DTZW 1882 sold today...thanks~~~RCECaptial
14/11/2019 6:12 PM
gladiator The chart shows high volume strong momentum. Kyy buying?
14/11/2019 8:11 PM
Choivo Capital To an extent, i feel like vomiting blood. But every time i read my article detailing why i sold it, i don't think my reasoning is wrong. I just wonder to myself, why i never bought back a much smaller position 1-2 months ago.

The same question i ask myself on MAGNI when it was RM4, i looked at it for so long.

And Jaks at the start of the year, when i ask myself why was i so preoccupied with KYY's financial assumptions which did not seem right to me. I valued it RM1.34, while KKY numbers seem to indicate bankruptcy. And not correcting my error despite KC telling me my numbers are probably wrong.

Nestle in 2017 when it was 70 bucks.

Why i sold WCE late this year (small position thank god)

Ranhill, oh my god. I looked at it last year, and even did a full comparison vs every utility co in malaysia. And i did not buy a share despite thinking it was cheap.

MAGNUM and BJTOTO. Not that unforgivable this one.

Genting C78, when i bought so damn slowly and hesitated for so long, resulting in my position being only 30% of what i want it to be.

GADANG-WB which i basically recommended in my article in Dec 2018. Super tiny position

PTRANS, looked at it for so long at 19 sen.

I think i focused too much on my job this year (i have not gone back before 9pm in close to a year) vs, stocks. Next year must be different.
14/11/2019 8:19 PM
zigua 没有人可以完美操作,失去机会并不可耻,不用太责怪自己,交易讲的是技术,赚钱讲的是命水!
14/11/2019 8:40 PM
michaelwong Bro, must act fast when the timing is right and infact many people's like u are tied up with workloads that keeps them missing many wonderful opportunities in share investments like me and not u alone .
14/11/2019 8:44 PM
CharlieSim someone "cooking"?
:)
14/11/2019 10:09 PM
Siow sorry, haha nominees account for FongSiLing. missed the last bit :)
14/11/2019 10:11 PM
Sohai Trader The float is low, that is why this stock jump like there is no tomoro....
15/11/2019 9:30 AM
Samtuckfatt The price only Jump around 10% from 1.58, and this 1.58 was the ex div price that never recover( before 5c div, price around 1.63/4) this indicates price hardly move enough even with good Qtr.
15/11/2019 1:08 PM
PotentialGhost The trading volume has exceeded 2 million shares for four consecutive days , got movie!!
15/11/2019 10:45 PM
Kukuman Many self praise guru will suddenly come out from wormhole to claim credit whenever the price go up. Little would u know that he or she could have been given "recomendation" for more than 100 shares. Surely one or two will strike the jackpot. Pity
16/11/2019 8:11 AM
FoolsGold @Choivi Capital,

Maybe its your mind set or approach to the stock market, that you need to have a 90-100% assurance that you are right before you will invest due to various reasons in the past.

Whereas, the market is inherently uncertain/risky, with no 100% certainty either way.

So, could be more rewarding to accept this fact of market uncertainty n invest with 70-80% confidence n have a diversified portfolio with high cash level, , rather than a concentrated portfolio with low cash level, as a start.

Choivo Capital To an extent, i feel like vomiting blood. But every time i read my article detailing why i sold it, i don't think my reasoning is wrong. I just wonder to myself, why i never bought back a much smaller position 1-2 months ago.
16/11/2019 2:33 PM
FoolsGold https://klse.i3investor.com/blogs/LouisYapInvestment/237167.jsp

Could b temporary boost from local investment fund, may not sustain...
18/11/2019 12:10 PM
Harry Mak 12 Nov 2019 Disposed 16,948,000 CLEAR GOAL SDN BHD Disposed 16,948,000 AMCORP GROUP BERHAD Disposed 16,948,000 CEMPAKA EMPAYAR SDN BHD big boses washing hand, still can invest this counter?
18/11/2019 5:31 PM
Choivo Capital Foolsgold,

You need to know what you're buying, and if you don't know that well, it needs to be cheap enough.

That means at minimum you need to know the risk reward ratio very well.
19/11/2019 11:19 AM
FoolsGold Choivo Capital, as long as it works for you, that's fine
19/11/2019 10:07 PM
anicca first TP 1.75 to break...before can move further
11/12/2019 5:36 PM
ok Is there any possibility for Rcecap to diversify their personal loan business to car loan & house loan?
15/12/2019 5:28 PM
VSLSB @ok
Referring to the post :
https://klse.i3investor.com/m/blog/LouisYapInvestment/2019-11-18-story237167-Malaysia_Stock_Analysis_Report_RCECAP_9296.jsp

I don't think RCECAP will venture outside personal loans to gov servant. In terms of loan recovery, it is easier for RCECAP to loan gov servants as they have salary deduction scheme where monies as automatically transferred to pay back loans.
21/12/2019 12:08 AM
ok Isn't it that Car and housing loan can also be serviced under salary deduction scheme as long as the income is sufficient to cover the expenses?
21/12/2019 1:29 PM
ok And they still able to get the house/car as collateral
21/12/2019 1:30 PM
VSLSB @ok

Good question. Should post it to RCECAP's management the next AGM.

But i think thsy are reluctant to venture into car/home loans as both these items are considered big ticket items which may necessitate RCECAP to loan more money which usually means margin compression similarly to what is currently happening in AEONCR.
03/01/2020 11:57 PM
Sohai Trader KUALA LUMPUR (Jan 10): RHB Investment Bank Bhd Research has initiated coverage on RCE Capital Bhd at RM1.67 with a “Buy’ rating and target price of RM2.10.

In a note today, the research house said RCE Capital primarily engages in providing general financing services to civil servants.

“We forecast net earnings to grow 8.7% and 5.5% in FY20-21 (March) on a healthy expansion in receivables.

“Better borrower profiles should improve asset quality, although receivables growth may moderate.

“The current 0.8x FY21F P/BV against >15% ROE is at an unjustified discount to that of peers,” it said.
10/01/2020 10:26 AM
hoby is otb murder here in Rcecap?
17/01/2020 11:06 PM
Samtuckfatt Any impact on non bank financial lender like elk desa, RCE and Reit?

*Malaysia Unexpectedly Cuts Policy Rate in ‘Pre-Emptive Measure’*
2020-01-22 15:01

(Bloomberg) -- Malaysia’s central bank cut its benchmark interest rate in a surprise move Wednesday, the first in Southeast Asia to do so this year as it seeks to support its economy amid lingering global uncertainty.

Bank Negara Malaysia reduced the overnight policy rate to *2.75%, a 25 basis-point cut* predicted by just two of the 26 economists surveyed by Bloomberg. The rest forecast no change. The central bank is moving to bolster confidence in Malaysia’s economy since it began showing signs of strain from the global slowdown last year. The bank cut the statutory reserve ratio requirement in November as growth weakened in the third quarter.

The adjustment to the policy rate “is a pre-emptive measure to secure the improving growth trajectory amid price stability,” the central bank said in an emailed statement.

Key Insights


* Malaysia’s economy is showing signs of picking up after a lackluster year confronting external risks. December’s manufacturing PMI signaled an expansion in factory output for the first time in 15 months. Industrial production grew at a five-month high of 2% in November from a year ago

* While the recent signing of a U.S.-China trade deal may not impact Malaysia’s exports immediately, there are signs of improvement. Shipments fell for the fourth consecutive month in November, but exports to the U.S. continued to rise and shipments to China rebounded

* The central bank cut rates once last year by 25 basis points, less than the easing carried out by many of its Southeast Asian peers. In November, it unexpectedly lowered the required reserve
ratio for banks to help improve liquidity

* Moody’s on Monday reaffirmed its A3 rating for Malaysia, citing a large, diversified and competitive economy, strong medium-term growth prospects and ample natural resources

* Inflation was 0.7% in 2019, below the official forecast of 0.9%, as transport costs fell due to a blanket subsidy for petrol. The government is forecasting 2% inflation this year
22/01/2020 6:13 PM
Adamztrade Earnings keep increasing, loan portfolio keepz growing, dividendz up, PE so low < 10 ... why market keep ignoring gem like RCECAP?
29/01/2020 7:41 PM
GLNT Collect collect collect!
14/02/2020 4:02 PM
ramada 8.88 sen.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=9296
18/02/2020 6:06 PM
ok extremely excellent results.
18/02/2020 6:13 PM
Sohai Trader result banyak cantik o....... terbaikkkk
18/02/2020 6:20 PM
Choivo Capital This company is doing so well, im almost scared tbh. I rebought a small position the other day.

Its interesting that despite doing more business, their allowance actually fell a little. That is honestly a little odd.

Given the current accounting standards, you have more leeway to determine your allowance amounts as management. I won't place too much weight on their profit figures until the auditors finish their audit in Q4.

It appears from this result, rcecap and aeoncr are projecting completely different things when it comes to economic outlook.

The auditors may ask them to be more pessimistic in projecting their economic outlook and ask them to take up additional allowances.
18/02/2020 6:23 PM
shareinvestor88 SELL TP 50C
18/02/2020 7:19 PM
PotentialGhost Profit keep growing , but price cannot rise due to this pukimak ph gov problem , they make until investment environment sentiment very bad and worst .
18/02/2020 7:23 PM
gladiator Dividend to 6 sens
18/02/2020 11:45 PM
DTZW 1882 thanks Rcecap~~ really best counter ever~~
18/02/2020 11:57 PM
ahkiang ok hoot ~ all in again
19/02/2020 9:54 AM
Gidstock Choivo, the allowance for impairment loss on receivables actually increases 21% as compared to revenue increase of 8%. This allowance is acceptable as their lending is mainly to civil workers and repayment is done through salary deduction. Mbsb and Aeoncr might be their closest peer but there is still difference in the business nature between those companies.
19/02/2020 10:34 AM
Sohai Trader Keep BUY with a higher MYR2.20 TP from MYR2.10, 30% upside with 6%
yield. RCE Capital’s 9MFY20 (Mar) net earnings beat estimates. Resilient
receivable growth, lower funding costs, and well-contained credit costs were
the main drivers. Valuation remains attractive, as the stock is currently trading
at a mere 0.8x FY21F P/BV. Our revised TP values RCE at a GGM-derived
FY21F P/BV of 1.07x against a projected FY20-22F average ROE of 16%.
 9MFY20 beat. RCE raked in MYR82.2m in PATAMI for 9MFY20, which
accounted for 79% and 83% of our and Street’s estimates. YTD PIOP grew 9%
YoY, mainly lifted by robust topline growth, with NII and non-II growing 11%
and 6%. Opex grew 13% YoY, but the overall CIR ratio remained well
controlled at 23.1% (+6ppts YoY). Net earnings expanded faster YoY at 14.6%,
thanks to 15% lower impairment charges. Credit cost improved to 112bps from
139bps over a year ago. Asset quality remained healthy, with both NPL and
GIL ratios down 15bps and 26bps QoQ.
 3QFY20 PATAMI jumped 23% YoY (+14% QoQ). Overall business operations
remained solid. NII grew 4.7% QoQ, buoyed by a 17bps expansion in NIM,
based on our estimates. Lower cost of funds – from a sukuk issuance –
contributed to the sequential improvement in margins, while the lending rate
was steady QoQ. CIR improved c.260bps QoQ to 20.3% on lower staff costs
and other expenses. Consequently, PIOP grew 7.6% QoQ. Impairment
charges fell 18% QoQ – a testament to RCE’s prudent underwriting policies
and consistent recovery. Quarterly annualised credit costs further improved to
104bps from 128bps in 2QFY20. ROE stood a high 19.5% in 3QFY20
(9MFY20: 18.1%).
 Receivables growth resilient. Gross receivables expanded 5% YoY (+1.6%
QoQ) to MYR1.8bn. RCE looks set to achieve its mid-single digit growth target
for FY20. Management has not seen any slowdown in lending activities despite
the softening macroeconomic environment. Applications remain robust, with no
signs of a meaningful slowdown.
 Earnings and TP. We tweaked our FY20-21F earnings by c.4% for FY20-21F
to account for slightly higher other income. Our TP is revised on the positive
earnings revision. We value RCE at a GGM-derived FY21F P/BV of 1.07x
against a projected FY20-22F average ROE of 16%.
 The downside risks to our recommendation include higher credit costs, and
weaker net financing margins and growth in receivables.
19/02/2020 11:17 AM
Choivo Capital I don't think so, where do you see it? thanks.

===
Gidstock Choivo, the allowance for impairment loss on receivables actually increases 21% as compared to revenue increase of 8%. This allowance is acceptable as their lending is mainly to civil workers and repayment is done through salary deduction. Mbsb and Aeoncr might be their closest peer but there is still difference in the business nature between those companies.
19/02/2020 10:34 AM
19/02/2020 3:20 PM
Gidstock https://klse.i3investor.com/servlets/staticfile/379965.jsp from the quarter report. Allowance for impairment loss is 4.7mil this year as compared to 3.9mil last year. Revenue is 65mil as compared to 60mil last year.
19/02/2020 4:20 PM
Gidstock https://www.theedgemarkets.com/article/rhb-research-raises-target-price-rce-capital-rm220?fbclid=IwAR32u5qJoiltwniTCcE5cKtTcywl1Qfk2PRMWu5JgGkxYB46DVIX8_21k0k

RHB TP 2.2
19/02/2020 4:44 PM
tanhuat my tp is 3.00
19/02/2020 8:37 PM
hoby is the murderer called otb in this counter?
19/02/2020 11:07 PM
tanhuat he is not interested in this counter,don't worry
20/02/2020 9:28 PM


 

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