Up_down, I share the same views as you. RCECAP sterling performance is based on loan base of about 1% of the 1.6 million-strong civil servants. Where most competitors have shifted focus, there is still room for RCE growth. Owing to its unique size, RCE, as an investment bank put in, is SIMPLE BUT EFFECTIVE despite the risks of loan impairments.

77huat77, stockraider: Shouldn't make generalized comments without perspective of rational basis. How can there be collection problem when loan payments are automatically deducted from civil servants monthly pay through ANGKASA? Do you mean the borrowers can default on their loan payments anyway they like?

Revenue should be stable from recurring income as loans take some years to pay. Press release of 2QR ending 30 Sept quoted the management as saying will be more focused on the personal loan financing segment as it is a dominant income earner resulting from higher fee income and growing loan base.

Received Annual Report 2016 yesterday. Financials steady and consistent over 5 years. Chairman's report confident, promising and company is shareholders-friendly. Intend to add position. Future performance is positive, need patience.

Whoever participates in this forum are supporters of RCECAP who directly or indirectly contribute to the strength of the stock. My personal view is, the more experienced and knowledgeable ones should gently and humbly guide the weaker ones to invest well. Words tactfully worded can be excellent encouragement to help others excel too.

Rohank71 sneaky comments and deletion of all his own comments showed he is a counter disruptor with evil intentions, a pariah.

Stock126, I think it's the 2nd QR ending 30 Sept 2016 you are referring to.

Thanks, paperplane2016. Quite heavy reading for most forum members. How about the positive & negative impact of RAM Ratings on RCECAP performance?

Looks like KPSCB is ready to take off.

Cannot take Fund Managers words as gospel truth. These people usually mention a little bit here and a little bit there. They will keep something they don't want you to know under wraps. Otherwise, how are they going to preserve their rice bowls when investors start doing D.I.Y.? Common sense and logical reasoning will reveal to us for every success story there is a confluence of factors at work. For example, geopolitical market trends, market cycles, global and regional macroeconomics, etc. Speaking of George Soros, he has a baggage of some ethical deficits for which he is trying to compensate with his facade of charity funding. This ethical deficit is one reason why the renowned Jim Rogers left Quantum Fund after a short partnership with Soros.

Circular on Capital Reduction and Repayment officially announced at Bursa, yet response so tepid. Capital repayment of 0.15 sen per share. Something is not right.

Update on MAA issue as appeared in SinChew newspaper.
http://klse.i3investor.com/blogs/sinchew_company_story/105592.jsp

ALL ABOUT TAKE-OVERS CODE

https://www.sc.com.my/legislation-guidelines/take-overs-code/

Offer Price

The 2016 Rules now provide that for a mandatory offer arising from an arrangement, agreement or understanding to control, the offer price shall be the higher of:

(a) the highest price paid by the offeror or persons acting in concert, for the voting shares or voting rights of the offeree in the 6 months prior to the triggering of the mandatory offer obligations; or

This means that offerors now are prevented from making offer prices which are significantly lower than the market price.

TheContrarian, I agree with your viewpoint.

On 15 August 2016, the Securities Commission of Malaysia (“SC”) revised the regulatory framework on take-overs and mergers in Malaysia by introducing the Malaysian Code on Take-Overs and Mergers 2016 (“2016 Code”) and a rule book entitled Rules on Take-Overs, Mergers and Compulsory Acquisition (“2016 Rules”).

SIGNIFICANT IMPLICATION - WEIGHTAGE ON SHAREHOLDERS INTEREST
The 2016 Rules and its notes creates more clarity and progressiveness in line with INCREASED SHAREHOLDER PROTECTION. This is a positive develop for take-overs in Malaysia.

http://www.legalbusinessonline.com/news/sponsored-malaysian-code-take-overs-and-mergers-2016-overview-significant-changes/73167

TheContrarian, this may be the link to the so-called circular, MAA CIRCULAR dated 4th June 2002.
Refer to pages 11-12.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4249829

CIRCULAR TO SHAREHOLDERS In relation to the

- PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE
COMPANY

· PROPOSED RENEWAL OF THE AUTHORISATION FOR THE COMPANY TO
PURCHASE ITS OWN SHARES IN ACCORDANCE WITH SECTION 67A OF
THE COMPANIES ACT, 1965

· PROPOSED SHAREHOLDERS’ MANDATE IN RELATION TO RECURRENT
TRANSACTIONS OF A REVENUE OR TRADING NATURE WITH RELATED
PARTIES

In case you need further cross references, the list of circulars since 19 May 2000 to 6th June 2016:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=CS&sub_category=all&alphabetical=All&company=1198

I'm not trained in the legal lingo of corporate rules and regulations. Getting someone familiar with them may help.

Be patient. A newly-listed company in the ACE market less than a year old. The company needs some time to strategize and synergize its distribution network and optimizing its capital resources to generate exponential growth earnings under challenging economic times. Recent moves by the company requires a certain amount of 'gestation' time before profitable returns can be reaped.

Ask ourselves, why do we buy into KTC securities in the first place? Do we trust its business model and the company's vision and management? KTC's emergence is an iconic symbol of a success story of persevering victory over many years of challenging and competitive corporate struggles before it is finally taken to be listed in the market. I strongly believe and trust that, given due space of time, KTC will steadily grow and perform. (TBC)

Blacksnake, not necessarily. There are still 20+ top shareholders.

Bomb threat at Bursa yesterday. Despite that, RCE still steadied at 1.31-1.32 range with volume 1,292,000. Thumbs up, RCE!

RSI glimmering traces of red too.

Wo, wo, wo. At this time all Bursa indices are glowing RED. FINANCE indicator showing 14,239.57 [-111.42/-0.78%]

RCECAP BOD Chairman Shahman also 'turun padang' enjoy sales carnival.

JAMESOOI, excellent data forensics.

Disruptive noises. The Management is not FIRST day on their job. They have been delivering good returns over the years. Do you think they are keen to put their reputation on the chopping block? Their interests are interwined with the shareholders. They win, MAA wins, the shareholders win.

TheContrarian, GOOD job! When we pluck mangoes, they are tangibles we can see and hold. When pluck MGO from the air with no substantiated facts or basis, there is NO GO. At present, we prefer mangoes to MGO. (MIMPI, Nowhere to Go)

There's still plenty of space to realise and monetize your capital-appreciation assets in the months to come. Will tell more later.

Leave RM1.60 for the next rally. Keep the momentum gradual and steady to peak for the next 2QFY17. Don't overwork and overstress the 'Goose that lays the golden eggs.' Might kill the goose! Then, no more golden eggs! Ha, ha, ha.

1 LIKE to Nigel, thoughtful reminder for other investors. Yes, don't chase the wind.

Ys13, congratulations. See, there will always be opportunities. Now is the time. :-)

RSI is also lending supportive strength.

1-2 North-assertive candles will nicely affirm the 1.27 breakout, Nigel.

CityTrader, may you kindly clarify the basis of your predictive forecast?

Tonylim8805, great blessings in disguise under expatriate life. Thanks for your input. :-)

Jamesooi, 'Google Search' for more positive news about MAA and share it at the forum here! :-)

CUEPACS FUMING, RCECAP GRINNING ...

Sheep, RCE Capital is a legitimate NON-BANK financial institution FULLY-LICENSED by Bank Negara to provide (consumer financing) loans to civil servants (only about 1% of the 1.6 million servants in the country) for many years.

The Edge Financial Daily, 22 Sept under headline "RCE Capital to See Healthy Earnings," quoted Maybank IB Research dated 20 Sept as saying that RCE has been tightening credit controls and improving its asset quality through CCRIS (Central Credit Reference Information System).

The efficient RCE Management has over the years been working very hard to put up with stiff competition with other financial services providers and to comply with the strict regulatory conditions imposed by Bank Negara.

Rainbow doesn't appear in the sky for no reason. Similarly, RCECAP share price didn't reach new high closing at RM1.26 yesterday for no reason.

The timely-engineered concoctions of ESS options, share buybacks, sale of Treasury shares plus a rosy coverage by Maybank IB Research dated Sept 20, 2016 which initiated buy call with increased TP RM1.60 were enough to push RCE to new dazzling heights!

See EDGE FINANCIAL DAILY, 22 Sept 2016, Brokers' Call p.9

Whoa, whoa, what is in store today and in the coming weeks?

Tonylim8805, truly a patient and successful investor. Congratulations :-)

TheContrarian: The people in the market have ultra-sharp foresight and swift analytical insight to detect inherent values.

Thanks for your kind remarks. Just a response to jamesooi observation.

Good to know that new buyers are showing optimism.

RCE management seems actively leveraging on ESS and sales of Treasury shares to sustain and torpedo up price momentum.

Glad to see 'new' forum members pop up when RCE goes to new height -HIGH!

It seems RCE management is leveraging on ESS to inject new shares to keep share price steady at desired price levels.

Worst case scenario, that is until 31 Dec 2016, MAA is still unable to make appropriate acquisitions, the shareholders may be in for another bonanza dividend.

In CIRCULAR TO SHAREHOLDERS dated 6 June 2016, under Part A: 4. Utilisation of Proceeds - Notes (b) " Nevertheless, in the event the Group is unable to utilise the allocated proceeds [RM196,739 million] or identify any suitable and viable new businesses ... the proceeds allocated for future investment opportunities may be distributed back to the entitled shareholders of MAAG..."

Going by the generous dividends declared by MAA in previous years and its large cash reserves, this option is not a remote possibilty. Remember, during these challenging times acquisitions of 2 suitable businesses may be a challenging task as there are about 3 months left to the timeframe extension.

Extraordinary times call for extraordinary strategies.

3.5 sen dividend was "DEP ECP ...." (banked into shareholder's bank account linked to your CDS account) on the stipulated date 15 Sept. Those who haven't got theirs, check with your remisier or investment bank.

ys13, there will be plenty of opportunities for you to accumulate at good price level. Monitor the market patiently, you will not be disappointed.

ys13, I suppose you are relatively new to investing. Nothing is entirely lost. Whatever you have bought is your asset.

Ys13, loans taken from RCECAP are denominated in MYR.

MAA has so much cash power to purchase back its own shares!

With fickle market sentiment, take quick profit & keep CASH at hand is KING!

123klse, thanks for your kind encouragement. My pleasure to share this sparkling gem of RCECAP.

WHY WILL RCECAP CONTINUE TO PERFORM?

Factor 6 - Consumer loan financing

RCECAP has a stable consumer loan base and is still growing. According to Mr Loh, this customer base is stable (1.6 million civil servants) because of their ability to repay their loans. Loan repayments are done through monthly pay deductions. Borrowers don't see them, meaning no see, no pain.

Household Debt to GDP ratio of 89.1% reveals Malaysians are borrowing a lot.

http://www.thestar.com.my/business/business-news/2016/08/30/khazanah-malaysians-borrowing-too-much/