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2 comment(s). Last comment by calvintaneng 2017-05-11 00:41
Posted by calvintaneng > 2017-05-11 00:41 | Report Abuse
Hi guys,
I like RceCap. I bought RceCap at 80 sen because it is backed by Govt loan deduction. RceCap did very well as it powered to cross Rm1.60 and made me a handsome 100% gain.
However, with GST, high inflation due to ringgit collapse against USD Govt servants are in deep trouble. So about 100 thousand Govt servants are going bankrupt. As such RceCap might also be hit as OA (official Assignee) has the first right to Govt Servant's assets if bankruptcy is in order.
So even RceCap is not safe now.
AEON CREDIT is even more unsafe if crisis hit Malaysia. As the collateral for Aeon Credit is only electrical and household goods by credit card purchase. The repossessed goods are of little second hand value.
Tell you the best now
Bank Maumalat's Al Rahnu
see Ar Rahnu – Islamic Pawn broking in Malaysia - Loanstreet
https://loanstreet.com.my/learning-centre/ar-rahnu-islamic-pawn-broking-in-malaysia
Sep 19, 2013 - Ar Rahnu, also known as Ar Rahn, is Islamic pawn broking for ... conventional pawn shops and unsecured personal loans, Ar Rahnu has ...
Bank Maumalat gives loans for Pawned Items like GOLD and jewellery made from GOLD are allowed as collateral.
So if customers default they can easily sell these gold or gold infused items for Cash.
Very safe with secured collateral in times like these
So the best is Bank Maumalat
And you can invest in Bank Maumalat through DRB as it owns 70% of Bank Maumalat
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ginvin
206 posts
Posted by ginvin > 2017-05-10 23:56 | Report Abuse
good sharing. I foresee a better result by speculating from aeon credit latest qr. expecting the share price to shoot to $2 when qr release :P