Thanks for the correction, my bad, with that special dividend, the total dividend payout of 30 cents in FY 23 represents a dividend payout ratio of 158% (as per RCECAP latest QR Note 8: Total dividend declared in respect of the financial year ended 31 March 2023 is 30.00 sen. This translates to a dividend payout ratio of 158.4%.)

With the anticipated dividend payout of 14 cents in FY 24 (Maybank report), the current dividend yield at current price is at 0.14 / 2.32 = 6.034%, still a decent yield but yeah, the price movement of this stocks are quite elevated at the moment...

RCECAP distributes dividend of 30 cents in FY 2023, this translates to dividend payout ratio of 63% (from The Edge)

As RCECAP announced a new dividend payout ratio of 60-80% for FY 2024 onwards, are we expecting that the dividend payout amount will be at around 30 cents or more for FY 2024 onwards, assuming the net profits remain the same and increasing yoy? If this is the case, the dividend yield for this Gem at the current price level is : 0.3/ 2.32 = 12.92%, which sounds awesome at the moment.

this counter looks solid

portfolio rebalancing done...? volume decreasing

never touch a company with accounting scandal.....it is the last thing for auditor to expose a company publicly.... we always want to avoid that.

If a company is exposed publicly, means shit really hit the fan

no money to scoop in the earlier dip......

The Group’s profit after tax for the third quarter of the current financial year was higher by 7.05% or RM9.01 million to RM136.87 million as compared to RM127.86 million in the immediate preceding quarter.

The increase was mainly attributable to positive contribution from EPCIC business activities, absence of impairment loss in tax recoverable and property, plant and equipment of RM27.05 million and lower loss on foreign exchange of RM12.70 million. The positive contributions were offset by lower other income of RM11.91 million, absence of reversal in impairment loss on trade and other receivables and advances to a joint venture of RM8.48 million, higher contract acquisition costs written off of RM42.36 million and deal deposit written off of RM84.81 million associated to a one-off forfeiture of a deposit of USD20 million related to the lapsed proposed part acquisition of Ezion Holdings Limited in September 2020.


If it is not because of the one-off expenses, the results are far more impressive.

haiya, results delay......

they need to expand their customer base, customer concentration is not a good thing...

Anyone attended the AGM ? Any highlights?

buy and hold, patience....

Good counter indeed, but the company should consider expanding their businesses with their ample cash in hand. THe companies have been doing a very good job in fortifying their cashflow and I am very impressed with that.

That being said, the company should actively looking for opportunities to expand their businesses, either by acquiring new profitable businesses or trim out those loss-making businesses.

I do have faith in the top management, will definitely find a chance to grill them during the AGM.

Entered at 1.86 test water....

luckily not another blanket 6-month moratorium....

no need to rush, slow and steady....

DTZW 1882 relax sikit, pegang kuat sangat takut rosak~~:)

>>>>
Haha, tak pegang kuat, turun o....

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.

pegang kuat kuat.......

result banyak cantik o....... terbaikkkk

Fasten seat belt, rocky ride ahead

BNM signalled that another OPR cut may take place..... All banking stock tenggelam hari ni

This forum is good to observe the emotions of investors in general :)

When price go down, everyone says this counter gg la, tak boleh pakai la...

When price go up, everyone say this counter ok la, on la....

The power of capitalism, niceee...

List of bancatakaful partners for Takaful

1 Bank Islam Preferred partner
2 RHB Islamic Preferred partner since Aug-15
3 Affin Islamic Preferred partner since Sep-17
4 Bank Rakyat Preferred partner since Jul-18
5 MBSB Open panel
6 Al-Rajhi Open panel
7 Koperasi Bank Persatuan Open panel
8 Public Islamic Bank Open panel
9 Sabah Credit Corporation Open panel
10 Bank Simpanan Nasional Preferred partner
11 Alliance Islamic Bank Open panel
12 Standard Chartered Saadiq Open panel
13 Agro Bank Open panel
14 SME Bank Open panel
15 AmBank Islamic Preferred partner
16 CIMB Islamic Open panel
17 UOB Open panel

https://www.klsescreener.com/v2/announcements/view/3095382

no material impact wor.....

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.

hold and sleep can d..... this counter cun cun, just lack of turbo engine to drive up XD

The growth of islamic insurance is definitely better than conventional insurance.

Referring back to STMB, its combined ratio is currently at a comfortable rate of 68%++, there is still room to grow its insurance capacity. Its ROA is at a respectable level of 3% (>1.5% is considered very good for insurance / banking company).

By using a CAGR of EPS for the last 5 years and 10 years for comparison, current share price may potentially provide a CAGR ranging from 12% - 18% over 10 years in the future. Pretty decent for me.

Currently STMB is ranked No.1 in Family takaful and No.2 in general takaful, with the growing muslim population and the increasing awareness of people getting insured, the growth potential is definitely there and who is in a better position to tap into the growth of islamic insurance industry?

For me, it is either Etiqa or STMB as they are the top 2 players in the islamic insurance industry.

Patience is a virtue, indeed a true statement for this stock.

Happy investing and cheers :)

MOU literally means nothing is firm but just nonsense only, this counter is damn fishy

Hmmm........ something is coming?

Just look at the PA conversion, simply shows that the share price upsize movement is limited...

so many promoter in this counter, sure die one this share.

down down all d way

quarter cantikkkkkkkk

GG stock, all the way down...

The float is low, that is why this stock jump like there is no tomoro....

This shares gg d?

Bawa bertenang penumpang-penumpang sekalian. Bas baru nak jalan..

Buat pe cakap pasal benda rasis macam ni, tak bawa sebarang faedah pun. Kita di platform ni utk belajat pasal saham, bkn nk tunjuk hero ke apa... Peace ok, Malaysian is better than this.

Go back to the fundamentals guys, talk about shares, finances, etc. Not this kind of irrelevant thing...

Btw, the preference shares conversion has been hampering the share price so far....

When economy is bad, we gamble to be rich.
When economy is good, we gamble to be richer.

Business is as usual for GENM, but the sentiment is also like gambling, up down up down....

Anyone been to Terminal Kampar? Boleh share sikit apa macam situasi kat situ....

Anyone used the service of perak transit buses before? any comment?

TopEarn1

Iconn8888. People are not rude, but there is really one user called "Sohai Trader " lol... so how do we address him if that's his username?

>>>>> chillax bro, i m not hati tissue, wont easily koyak one... :)

steady and slow moving stocks.... good fundamentals, need a lot of patience....

Nice closing, mantapppp....

Lol, which one is the real icon... so many sell call from Icon

Kick coming?

steady bossku....

Been holding this gem since 2018, witnessed the freaking low price of 0.19...

Now, lets see how this would bring us...Fundamentals are intact, steady profits, expanding through the kampar terminal, time to realise its full value.

Finally something is cominggggg

random sentiment or really big positive result coming? only time will tell...