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?
Cuepacs fuming over banks' personal loan scheme for civil servants, retirees BY MASRIWANIE MUHAMADING - 21 SEPTEMBER 2016 @ 3:25 PM
ALOR STAR: The Congress of Unions of Employees in Public and Civil Services (Cuepacs) is urging the government and Bank Negara to intervene and take action against banks which offer personal loan schemes to civil servants, considering their income and financial situation. Cuepacs president Datuk Azih Muda said it had received complaints that several banks have recently been offering personal loan schemes to civil servants, including retirees, without requiring a payslip and that the banks would approve applicants without taking into consideration their income and financial situation.
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.
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.
Thanks Yuanlong. This is my darling counter but I won't want myself to get emotionally attached to it. When its time to sell, I'll lock in my profit. Never let emotion cloud ones vision when comes to trading. Sharing rational analysis will benefit all of us. Best of luck to everyone and happy trading.
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....
Josephine Ong
1,001 posts
Posted by Josephine Ong > 2016-09-21 10:23 | Report Abuse
done