https://www.facebook.com/notes/amcorp-group/rce-capitals-3q-profit-quadruples-on-investment-gain-higher-interest-income/867147266664939

http://www.theedgemarkets.com/my/article/rce-cap%E2%80%99s-3q-profit-quadruples-revenue-rises-239

RCE Capital's 3Q profit quadruples on investment gain, higher interest income
February 4, 2016 at 5:55pm
By Tan Siew Mung / theedgemarkets.com | February 3, 2016 : 9:59 PM MYT

KUALA LUMPUR (Feb 3): RCE Capital Bhd’s net profit went up more than four times to RM13 million in the third quarter ended 31 Dec 2015 (3QFY16), from RM3.13 million a year ago, as its revenue rose 23.9%, primarily driven by higher interest income.

The favourable results were also because of a RM1.9 million net gain on disposal of an investment property, its bourse filing today showed. RCE also noted that the last corresponding quarter's net profit came in after taking into consideration the preference share dividend paid.

Meanwhile, its revenue for the quarter increased by 23.9% to RM41.55 million, from RM33.54 million in the previous year, mainly contributed by a RM7.9 million increase in interest income from the loan financing segment, due to a higher loan base and the introduction of improved margin products.

For the cumulative nine months (9MFY16), the group’s net profit more than doubled to RM32.66 million, from RM15.65 million in 9MFY15; while its revenue rose 22.6% to RM118.08 million, from RM96.3 million, primarily driven by higher interest income, as the loan base grew by 16.9% to RM1.362 billion from RM1.165 billion.

The group said in a statement that the results were due to the group's initiatives to improve asset quality, which have been encouraging.

“The group remains focused on strengthening credit quality, improving turnaround time for loan disbursements and controlling costs,” it said.

In the absence of unexpected events, the group’s financial performance for its financial year ending March 31, 2016 will be an improvement over the previous year’s results, it added.

RCE Capital fell 1.92% to 26 sen today, for a market capitalisation of RM331.73 million.

Thanks...I wish that someone that I recently took a TA course from, would read your article. He laughed at me for believing in FA. Told me, TA is good enough...no need FA :( Anyway, I try to do my own analysis nowadays and not rely on tips. Even I though I receive 6 months subscription of the lecturer's newsletter, I don't even open the email any more.

Sellers are holding now...buyers have doubled since 12 noon.

Think Liew is trying to make it fall so he and gang can sapu at super low price :p

Strange that people actually do that. What is their agenda?

Think it has potential to return to normal eventually. No point selling as the price is good now to accumulate.

1030 - noon...all the panic sellers...I thought happens every day in most counters

Nothing there....just listed under unusual market activities due to high volume

Something about getting a Dengkil project?

Wondering how come signed contract, price can still go down like crazy?

So many conflicting comments :(

Next week?

Someone trying to keep it low to buy in bulk?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4807741

Dividend time?

Warrants out tomorrow?

1.92 now

Or buy?

So do we sell or keep?

I hope it goes up....

Is the announcement good or bad?

Bonus shares will be issued?

Iran deal....will have a oil surplus globally

What is T18 and 2016 MSS?

Oh EPF disposal...

I thought should be going up....are there other factors?

Thanks....got it quite cheap at 3.44 yesterday...

What is the impact of the bonus issue?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4734077

Circular to Shareholders in relation to:
Remarks Part (A) Proposed Renewal of Authority to Buy-Back its Own Shares; and Part (B) Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance