Haha ooihk899 seem like you are the big fan of observatory. Ok lo u don't like i call him sifu than i just call him observatory ok? Don't angry ok? Haha

Oh btw did i got say he give sell call? No right? Haha

Lastly i'm refering to his analysis all the way back to 2021, not the recently one.

Are you happy with my explanation? If still not happy i also bobian. Haha

So glad i'm never believe in so called sifu observatory analysis and i been enjoying the capital gain plus increase dividends every year and the share split in 2022! Keep up the good work Rcecap Management and run the company well ! Thank you rcecap😄

FY 2023 dividend 30 cents is including 18 cents special dividend....

dropping!!!!! Run!!!

uncle koon u are so pathetic

uncle koon u are so pathetic

When uncle Koon ask u to buy, u sell...He ask u to sell!!! U better all in and buy faster... Hahaha

its normal for this counter, it only will move when close to Quarter Report time

Uncle Koon ask you to sell, you buy, he ask you to buy, you sell! Confirm WIn

mayb many many years or maybe few months only. I have seen this circle many times alraedy. Let see the price coming 3 months haha

superman will be back one day

Hope no KYY this time. Haha

come come 2.5. come to papa

The coming Quarter Report should be profitable also, just wondering would it better than last Q?

@Foker Ok from the way u talk i know im wasting my time talking to you. Bye

@Foker Using Aeoncr as a reference is kywoo not me, but i agreed with him laa. I dont know know how u calculate can get so called real PE is around 7 only, and i disagreed that u said Aeoncr is better than Rcecap.

@kywoo Thank for pointed it out to Mr. Observatory, especially point number 3! Haha your english is better than i.


kywoo Mr. Observatory. As a shareholder myself, I would like to thank you for putting so much effort in doing research on the company. I would say that for most part, you are right in your research facts. However you may be wrong in 3 arears which I would like to highlight to all the readers.

(1) There is no way Bank Raayat or any bank can give out a clean loan of up to 10 years at an effective rate of 4.99% per annum as you have pointed out. At that rate, the bank will certainly lose money as cost of fund is volatile over a 10 years period. Don't forget that the actual cost of fund plus overhead cost and provisions will be much higher than 4.99%. Just like Hire Purchase financing, there is an add on rate and an effective rate depending on the period of financing. Effective interest of 12% p.a. over 5 years or more is very reasonable. Nowadays it is not easy to get a clean loan anywhere.

(2) You wrongly assume that when a borrower settle a loan with RCECap they will go to another bank for refinancing. In fact almost all of them will just get a bigger loan after they settle the smaller outstanding balance with the company. This is where the company makes some extra money from the early repayment. A very good deal for both parties.

(3) You have said that RCECap has enjoyed a PE of 6.5 in the past years and you are quite happy with that. I totally disagree with you. A fantastic company like RCECap should deserve a PE of no less than 10. The average PE of all counters in Bursa is 15. Some counters are rated with PEs of 30 or 50 or even 100. Even Aeon Credit can command a PE ranging from 12 to 15. In all honesty it would be sheer madness to rate Aeon at 15 and RCECap at 6.5 The market can be irrational in the short run but will be rational in the long run. RCECap is going up in price lately because the market is revaluating it according its fundamentals and future performance. As far as I am concerned I will keep on accumulating this counter ( subject to cash availability ) as long as the PE is below 9 or 10 and I am sure I am on the right track to make good money.
19/02/2021 6:17 PM

If got free warrants or bonus shares also not bad haha

@observatory thanks for your compliment about my english but i still think my english is very bad haha. Yes u can say it Ambank and Rcecap got connection because both under same father Amcorp group. But both is doing their own business, rcecap is not helping ambank, ambank is not helping rcecap to promoted their bussiness either. I'm trying very hard to explain to you using my bad english.

Yes dividend Part myself i confidant will be at least 7 cent twice this year if nothing go wrong and business still going well, but i cannot guranteed it because how also im not the management of rcecap hence i didnt know if they will suddenly change it or not. But they did have a dividend policy which will take out 40% from their profit to give to shareholders, so 7 cent twice this year should be no problem, if they suddenly decided to give out 8 cent or more or even special dividend i will be more and more happy :)

@observatory OK for how to you valued the forward PE is up to you because everyone got their own opinion but i just want to showed that i disagreed with how you value it but is ok since you explain to me why u value it that way.

And please dont compare with cimb , mpi or airasia bla bla bla, if u want to say it that way most of the stocks in Bursa now is higher from it low since last year mco ok!Some even until 1000% 0r more growth. in share price. Now we are talking about this company fundamental.

And for the question that you ask I just want to WOW, are you sure u really got study this company and read their every quarter financial report at least from 2016 year start?

For the first question you ask said that "since earlier years RCE has relied on Yayasan Dewan Perniagaan Melayu Perlis and Yayasan Ihsan Raykay to reach end customers", are you sure they only relied on this 2 reunion only? Please go and do more study and the information can easily been found if u google it lol.

For this question:More importantly, how does RCE manage the credit risk if these intermediaries were to default? ", please go and read tru their each Quarter Report please, they been explaining in every quarter and continue the same strategy to how to reduce the risk and i like their strategy is easy to understand.

For this question" The other question concerns how to avoid a repeat of the difficult period in 2013-14. Stiff competitions then from Bank Rakyat and the like resulted in lax credit standard and subsequent rise in impairment. It took BNM’s intervention to limit loan tenure to not more than 10 years to prevent the race to the bottom. RCE management has turned conservative after that lesson. But what stops other banks from encroaching into RCE market share as a source of their growth? While RCE may enjoy its connection with the AmBank, other banks could tap into equally or even much lower funding sources."

Sorry because my english is not very good so i hope i dont get wrong from u said i will try to give my opinion on it, how to avoid is same like the question u ask how to manage risk please go read tru their report there answer is there liao

They did make mistakes in 2013-14 because uncontrolled borrowing and failure to review customers' repayment ability resulted in losses, I believe this is also one the reason why the market has given it such a low PE in recent years. But since than they have changed their strategy and i think their strategy is very successful base on the past few years result can see a growth every year. Although the company did not make huge growth,but it has grown step by step till today.

And for ur question about the bank get into rce market, as for now i dont see it going to happen, sorry i dont know how to explain it english and im not a analysis like u. But they is some one else have writen a article about how unique is rcecap business model that curently dont see bank can go into rcecap market. And rcecap and ambank is 2 independent company. Rcecap is not rely on Ambank at all. Thanks.

I really recommended you study more of this company if u really like it because most of the question u ask just now i think in kinda easy to get the info from online now, which is not even a question for me, it only become a question when u not study enough, for me investing is not rocket science, for me is more easy to understand how their bussiness model is better. This is why i like rcecap. It may not be a company like glove or other goreng stock can go up easily 100 % until 1000% . But i like it because i know i can sleep well when i buy it and dont need to worry when the share price drop :)

Ok it write too long and took me about 2 hours for this and probably still a very bad english but i have try my best haha.

Do u understand chinese or can write in chinese? haha, i prefer write in chinese word next time. Too tired to write in english to talk to people like you like 专家

@observatory i invest base on fundamental but i also learning that when the momentum come the right way to invest is jump on the boat and let it flow, because this stock is only started breakout since Quarter 2 result out, it has been consolidate for more than 3 year with price always stuck at 1.2-1.9, but since it break rm2 last year November the price is keep going up and finally appreciate by the Market, so i believe this year is RCECAP year. As long as nothing big shit happen or bussiness going wrong i belive the market should give it at PE 10 to be fair.

That is why i dont agree when u said "But don't be misled by the seemingly low forward PE of 8 to 9 times. Current forward PE should be compared against the past 5 year average of only 6.5 times. "

u are telling me the fair PE is 6.5 and which i think is ridiculous if u are telling me u are fundamentalist and the this is the how u defined PE? Sorry i totally disagreed.

Sorry for my bad english. I may not so good in language but trust me i know this company and this counter better than averange people's. Thanks

@ observatory u like school teacher long story write but more like talk strategy on paper only. Investing is all about speed, it on the uptrend momentum now u still need to futher study how long to missed the boat? I been invested and followed this stock since 2016 until now and i never left. u can search my history comments here to see wheever i telling the truth. I think i know this stock better than u. Even that so called choivo capital talk like analysis pro like u also left this counter already but im still here as always. :)

Start to move liao. Hold tight

Just buy. if it drop than just averange down. U wont be dissapointed

Haha this suhei choivo still acting like pro run here run there i just stay in Rcecap and make big money liao. Just waiting and dont need to do anything and still getting a huge dividend that is better than FD

This stock is definally my darling, has been invested it since 2016, i got fate it will fly one day :)

Dont worry i sold all at 2.65 and buy back since 2.4 and now my averange prices is around 2.3 but im not worry at all :)

Most of the tech stock running hot except this one haha

If one day RCECAP decided to split or give bonus share i believe itu will limit up

TOMOROW MYEG GAP UP

But base on the chart its look like on the uptrend mode to me laa!

Limit up wont la i think, but should be good enough to fly tmr :)

The Board of Directors of MYEG (“the Board”) wishes to inform that the Company had received a Letter of Acceptance dated 8 October 2020 from the Ministry of Health, Malaysia to undertake the provision of an online payment system for inbound travellers to register and make payment, prior to their arrival in the Country, for COVID-19 Screening Test and Quarantine Charges to be implemented at all entry points to the Country (“the Project”).

i think as long as below rm6 all is good buy, but first it must break tru 5.5 resistance first the previous double top

You are the one is stupid! You stupid clown! kakaka





Posted by Jon Choivo > Nov 29, 2018 03:37 PM | Report Abuse

All the stupid chartist still around ah?

In bear market, your chart can throw in tong sampah pls.

You are the one is stupid! Who give u the right to called other people's? Grow up young stupid clown Jon Choivo!




Posted by Jon Choivo > Nov 29, 2018 06:14 PM | Report Abuse

You must be stupid.

You the one stupid for calling other people stupid, u stupid clown!


Posted by Jon Choivo > Nov 29, 2018 09:55 PM | Report Abuse

You are clearly still stupid.

Do you know how many have said the same thing all the way down from RM4?

I am not saying is definitely a stupid investment. But if you do stupid things such as predicting prices. You're likely to be in for a very big surprise.

Take out all your money put in fd and china index. You're too stupid to buy individual equities.

Dont dare to answer to my comments anymore ah? Joker or should i say Clown Jon Choivo...kakaka

slowly and slowly finally this joker is reveal himself...as i always said his reason here is just to find a water fish and promote his fund. I wonder how many idiots invested into his fund until the next JJPTR case explode. Haha

This Jon Choivo clown is officially a new BWC in AA Forum after so long

Post removed.Why?

Jon choivo is a sozai la.

Hey choivo shut up la...

Stupid choivo ur investing skill cannot pakai la! Bought all lousy stock..,

Still not stop trying to cheat water fish ah jon choivo? Hahaha

As usual this stupid choivo is the biggest suhei in this forum kakaka

This stupid choivo write new article again. So much time want cheat people invest into his scam fund.

Shut up la stupid jon...don't make comments that u don't know

Correct this stupid choivo really don't know how to write the word shameless


Posted by John_Lee > Oct 28, 2018 01:40 AM | Report Abuse

Jon Choivo,

Shame on you for such a comment. If you intended for it to be a joke, it is of extreme poor taste.

Stupid jon ur face so thick one ah? Always ask people search u in Facebook... Who u think u are? Dunno what is malu izzit? Kakaka