It is good that the company is keeping optimistic in their prospect statement about the opportunities they can tap into, and hopefully they can really turn these opportunities into business orders soon. Will definitely hold on to this stocks for now as fundamentally is still below intrinsic value, with hope for a better future growth.
RCECAP is not regulated under Bank Negara, so shouldn't be affected by the 6 months moratorium as compared to banks which should be a good news, some more theirs are mainly personal loans, not housing loans or hire purchase. Major customers are civil servants which are generally unaffected during this Covid-19 pandemic as they are still receiving their salary and even government financial assistance. So in my opinion, RCECAP should outperform the banking stocks in the near term in terms of growth and dividend yield. Correct me if I am wrong, just sharing my thoughts.
in the 2018 annual report, it did mention that there is 1 major customer contributing almost 46% of the total revenue, that sounds like some kind of industrial usage but not sure which company is that. don't think master produce small boxes for postal delivery, but it should stand to benefit from e-commerce i hope. Check out the old link below:
@Penang_lang, that guy is an independent non-executive director, meaning he just receives "sitting fee" to be in the board without much influence or execution power, so by right shouldn't have much impact..
The technical analysis of the company looks promising from the perspective of candle stick, MACD and moving average.. But any fundamental or news to support this uptrend? I saw the Q1 report is not exactly convincing with net loss in fact..
it actually depends on one's lifestyle.. if you wanna own a car, a house, astro, unifi, smartphone plus clubbing and expensive dining, that is surely insufficient.. but if you are just using public transport/motorcycle, renting a room, minimal entertainment fee, home-cooked food, RM2500 should be enough for a single person..
A test on how strong you believe in the fundamentals of the company and application of different strategies - take profit now and buy back later or to top up more now when price is lower? Anyway, bears seem to be all around the market today, lol..
I bought both MMSV and Elsoft.. For me, Elsoft is more for longer term.. It is better and more stable financially over the years, with positive factors such as application to mainboard and diversification ie medical related devices like dialysis.. I thought it has lost its momentum when i bought in rather late as the price has surged up quite alot recently but it surprised me by still continuing its uptrend.. Whereas for MMSV, i take it as a more offensive purpose in mind.. Its profits over the years are not quite stable, but the plus point is that the management is willing to make the necessary changes and venture into the LED sector.. With this change, so far it seems that it is doing the company more good than bad and if this continues, the % profit u can gain from MMSV would be more than Elsoft albeit with higher risk.. Just my opinion. :)
Thanks Frank Soweto for the great insight of the company and SS661M for the detailed calculations for the TP, always a good learning from the Sifus here.. Can feel that there is still a strong positive sentiment for this counter..
no lah, just worried if only passive income and no new developments coming in, the business cannot expand mar, means price will not shoot sky high? Hehe.. But hopefully passive income from the mall means more money to compete with other developers for better strategic lands? Ong ah huat ah... ^^
Any sifus can advice on the future outlook of AsiaPac? So far I think the the projects on hand are Imago Mall nearing completion and some property development in Kepong, Damansara Damai and JB.. Of course Imago Mall can give recurrent stable rental income if it is successful, but it seems that the company is lack of landbanks which is admitted by its own director in an interview previously. From the annual report, it is left with landbanks in Labu (Negeri Sembilan) and Gombak (Selangor) yet to be developed? Seems worrying to me??
SBC corp has already gone up so much previously also from RM1, can't be Malton still lag behind right? Lots of ongoing projects as well as upcoming ones like Pavillion 2, plus with Desmond Lim's connection, one could only wonder when its price will match up to RM2.. :D