Posted by probability > 2018-12-02 19:51 | Report Abuse

Finally, i have achieved what i wanted....Jon's recommendation without taking out 5k from my pocket... he he

I like it. Keep it up Jon!
...........................


sifu Jon, any idea...why the revenue dipped after 2010 by almost 50% by year 2014?

Posted by Jon Choivo > 2018-12-02 19:56 | Report Abuse

BNM was afraid of housing debt being too high and started 2 rulings.

1) a maximum tenure of 10 years for personal financing and 35 years for residential and non-residential properties

2) prohibition of pre-approved personal financing products. We understand that it also encouraged banks and NBFIs to comply with a debt/service ratio (DSR) cap of 60% for urban borrowers with income of MYR5k/month and sub-urban borrowers with income of MYR3k/month.


Back then some personal loan was at 25 year tenure or so, this meant all the borrowers had to call in or restructure the current loans.

Needless to say many could not pay back the new amounts, and thus, they had to impair.

Posted by Jon Choivo > 2018-12-02 19:56 | Report Abuse

Unlikely to keep it up to be honest. Unless the new position also reach maximum size.

Posted by Jon Choivo > 2018-12-02 20:06 | Report Abuse

Not a buy call, got equally good investments in the market now.

Posted by feimah > 2018-12-02 20:51 | Report Abuse

Wow very good research.
Do you have the insight on asset ratio between deduction at source and non deduction at source?

Posted by soojinhou > 2018-12-02 21:06 | Report Abuse

Thanks for sharing. But I' sure you pissed off those who paid the 5k hahaha

Posted by qqq3 > 2018-12-02 21:13 | Report Abuse

stock market very easy one......

any stock also can trade...good bad ugly also can trade as long as price and situation is right.

BUT GENUINE INVESTORS SHOULD LOOK FOR

Good management, good business and good numbers in that order......

if it does not look right, don't get involved...much easier than analysing KYY comments.......

the next question is....u want to be contrarian or you want to join the crowd.....


see....its easy....but this ss guy is weird because he doesn't seem to have a clue....so he goes off talking about any thing every thing except stock market........

Posted by Jon Choivo > 2018-12-02 21:16 | Report Abuse

Haha nobody paid 5k. usually they invest in the fund.

or we just talk and if i think they're critique will be of value, i'll share.

====
soojinhou Thanks for sharing. But I' sure you pissed off those who paid the 5k hahaha
02/12/2018 21:06

Posted by Jon Choivo > 2018-12-02 21:18 | Report Abuse

Not sure how you mean.

However, they can only deduct up to 60%.

====
feimah Wow very good research.
Do you have the insight on asset ratio between deduction at source and non deduction at source?
02/12/2018 20:51

Posted by feimah > 2018-12-02 21:23 | Report Abuse

RCECAP’s business focuses on giving personal loans the B40 (Bottom 40% Earners) population and government servants.
What is the loan exposure % between B40 and govt servants?

Posted by Jon Choivo > 2018-12-02 21:29 | Report Abuse

They only give to government servants if im not mistaken.

Some say certain GLC staff can get loans from co-ops as well. But i never asked.

good catch.

===

Posted by feimah > Dec 2, 2018 09:23 PM | Report Abuse

RCECAP’s business focuses on giving personal loans the B40 (Bottom 40% Earners) population and government servants.
What is the loan exposure % between B40 and govt servants?
=====

Posted by feimah > 2018-12-02 21:32 | Report Abuse

Thanks for your speedy reply. It is a good piece of work you shared here.

Posted by Flintstones > 2018-12-02 21:37 | Report Abuse

Good. Finally some quality article being posted on i3.

Posted by supersaiyan3 > 2018-12-02 21:38 | Report Abuse

Good one.

However, under the present government, anything could happen. That's the risk premium.

Posted by Sslee > 2018-12-03 08:57 | Report Abuse

Dear all,
Repost my comment from other blog:
Dear Fabien Extraordinaire,
In the world that reward mediocre, pretender and half hearted effort. A raw diamond, rare talent and passionate work are indeed a very rare to find and when one comes along into i3 community we should welcome him and if possible give him some constructive critical review and help in polishing this raw diamond into a shining star.
Jon is young, well read, knowing his subjects well, articulate, passionate and has the fire/braveness inside him to confront establishment with out of box idea and fresh air. These are the qualities New Malaysia needed the most from our Y&Z generation with critical thinking that can make an impact for the betterment of society and country.

Yours question:
Koon+ Bee + Choi = an awesome team a world champion
My take on the above is the team would not happen and it won't work.
Simple reason being their investment philosophy and thought process is vastly different from each other.
Their brain is wired in a very different way.

My take: In the place I work now there is this statement from our President Director;
Our Key Driver: People
We believe in developing a high performance team this is greater than the sum of its parts. Our team members contribute their unique backgrounds and cultural experiences to ensure high quality products to our customers.

It is because of vastly different thought, investment philosophy and across three different generations that will make this team awesome. Of the three, someone has told me Mr. Koon’s brain had already been hard wired for so long and impossible for change but reading Koon’s latest humbling article of JAKS Forced Selling. Please don’t count Mr. Koon out from this team yet.

Thank you

Posted by Jon Choivo > 2018-12-03 11:20 | Report Abuse

Thanks Sslee.

Posted by joekit > 2018-12-03 15:43 | Report Abuse

its just a small growing company. nothing to shout about... dont bet too big on it.

Posted by Jon Choivo > 2018-12-03 16:12 | Report Abuse

Yeap. They are some additional risk i did not disclose, as i was too lazy to write. But its not a fantastic company. Merely good. But at this price. Well.

Posted by TakeProfits > 2018-12-20 20:14 | Report Abuse

Jon, may be the stock not that exciting. Hopefully the main shareholder need to do something about the share price. Haha. I don't hold any Rce...at moment?