Posted by yuanlong57 > 2016-11-08 10:58 | Report Abuse

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.

Posted by Poppop > 2016-11-10 15:10 | Report Abuse

What TP for this counter ?

Posted by Tan Cheng Poh > 2016-11-10 16:59 | Report Abuse

at least 2.00 if market good.

Posted by paperplane2016 > 2016-11-10 17:33 | Report Abuse

Add little at 1.44 when cLosing....

Posted by Poppop > 2016-11-10 18:12 | Report Abuse

Alright thanks bro

Posted by paperplane2016 > 2016-11-10 18:31 | Report Abuse

Stock God recommend, mUst follow

Posted by paperplane2016 > 2016-11-11 03:33 | Report Abuse

hope able to climb to 5.62 sen x 4 x PE 10 times = RM2.25 :cash:

Posted by 77huat77 > 2016-11-12 11:37 | Report Abuse

according to my friend information which doing private loan, the revenue drop a lot in his company so don't know show sign or why

Posted by stockraider > 2016-11-12 11:42 | Report Abuse

Going fwd the money lending business will face collection problem..!!
With price already move up alot....time to take profit loh...!!

Btw ESOS already excercise and selling by employees and there is a 50% margin profit....do not chase loh...!!

Posted by LA777 > 2016-11-12 11:43 | Report Abuse

You better dump lor.

Posted by Poppop > 2016-11-12 12:47 | Report Abuse

Hold or sell RCE ?

Posted by yuanlong57 > 2016-11-13 09:38 | Report Abuse

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.

Posted by dodos > 2016-11-13 11:06 | Report Abuse

more waterfall for ringgit and stock market.........more worst than 1997 & 2008.......SELL and OUT fast!!!!!

Posted by stockraider > 2016-11-13 11:15 | Report Abuse

Of course there will be collection problem....like the civil servant lose his jobs bcos of over financial commitment....such as over borrowing and high cost of living...!!

Also don forget pay deduction is not full proof bcos....other creditors still can sue and make him a bankrupt thus his pay deduction not longer valid as it will be vested with the official assignee mah..!!

Creditors who obtain legal judgement....can also injunct the salary deduction too...!!

So friends....pls aware these borrowers not only borrow from RCE, but borrow every way and their spendthrift approach is a big threat to lenders in term of collection loh....!!

Posted by speakup > 2016-11-13 11:20 | Report Abuse

stockraider in RCECAP? speakup sold already, sold too early, pocket only about RM7k profit.

Posted by stockraider > 2016-11-13 11:24 | Report Abuse

Speakup,

Good for u, although sold too early but it is a safe thing to do loh...!!

The party can be over anytime, thus u don want to be left around holding the bags and do clean up mah...!!

Posted by speakup > 2016-11-13 11:27 | Report Abuse

ha ha.....well said.
"Half a loaf of bread is better than none"

Posted by dodos > 2016-11-13 11:28 | Report Abuse

more waterfall for ringgit and stock market.........more worst than 1997 & 2008.......SELL and OUT fast!!!!!

Posted by speakup > 2016-11-13 11:30 | Report Abuse

sell and migrate to Singapore and enjoy strong currency, low inflation.

Posted by stockraider > 2016-11-13 11:33 | Report Abuse

Spore cost of living very high too...most costly is accomodations loh.....!!

Posted by Up_down > 2016-11-13 11:34 | Report Abuse

Why stockraider is suddenly interested to hantam RCECap...weird!. Its revenue and earnings are still heading north leh.

Posted by speakup > 2016-11-13 11:36 | Report Abuse

even titanic sank :-)

in a turbulent sea, even the biggest strongest ship might sink, nothing is invinsible

Posted by stockraider > 2016-11-13 11:41 | Report Abuse

Up Down,

Raider just give warning bcos notice already insider started selling mah.....!!

Samething like Tekseng....when the company profit doing well...suddenly share price camedown....and the best indicator is insider selling loh..!!

OK u may doubt raider comment....but for your own protection set your STOP Price protection, just in case it share price suddenly crash loh..!!

Posted by Up_down > 2016-11-13 11:56 | Report Abuse

Stockraider.
Tek seng share price tumbled was due to uncertainty of solar business. Retrenchment is a sign to show its growth potentially dented . This is the risks of buying a growth stock.

The risks associated within RCECap is much lower as the borrowers are mainly government staffs. The revenue and profit won't suddenly plunge unless the growth turn into weakeness in next 2 quarters.

Posted by Up_down > 2016-11-13 12:30 | Report Abuse

RCECap is traded at lowest PER of 8.2x in finance banking and finance sector. What important is the high growth rate seen to be continued judging from the past track records. High growth company is getting scarce nowadays so I would expect more investors to chase this stock. You would understand more once you make a comparison its financial performance with it peers.

Posted by stockraider > 2016-11-13 14:04 | Report Abuse

Tekseng was traded at PE 8x...with earnings growth too....!!
Even now officially tekseng is still showing better earnings....mkt reacting to the future indications mah.....!!

RCE market may also react too...raider say cautious....be wary mah...lending...to spendthrift people cannot sustain bcos of living going up and too much commitment mah...!!

Beside MBSB and Bank rakyat the lenders thru angkasa salary deduction are slowing down too mah...!!

Surely tsunami is coming with collapse of Ringgit....huge increase price in many many things...it cannot sustain mah...!!

Posted by Up_down > 2016-11-13 14:44 | Report Abuse

RCECap is certainly benefited from the civil servant pay hike started in Jul 2016. It has reported maintaining loan growth rate of 4% Qtr on Qtr in Sep 2016. No banks and finance companies are able to achieve such growth in this difficult period except AeoCr.

Posted by Force > 2016-11-13 16:45 | Report Abuse

Good company :)

Posted by paperplane2016 > 2016-11-13 17:02 | Report Abuse

Stock raider raise concerns. I better watch out.

Posted by yuanlong57 > 2016-11-13 18:36 | Report Abuse

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.

Posted by Sigmund1118 > 2016-11-13 22:37 | Report Abuse

Hi guys, can't compare TEK Seng vs Rcecap. This is different industry and TEK Seng is facing challenges where solar industry is facing supply/ demand imbalance and price erosion ion.

Posted by yuanlong57 > 2016-11-14 08:27 | Report Abuse

Good point, sigmund1118.

Posted by noah > 2016-11-15 00:03 | Report Abuse

how high the risk could be when most loans given to civil servants are using direct salary deduction scheme?
RCE had finished cleaning accounts book doing impairment of potential bad loans.
when economy down turn, rising cost of living, those civil servants no need to work?
won't right.
so as well they work and have salary, there will be no impairment.
they can't say "oh well, i don't wanna pay for this month instalment with direct salary deduction"

MBSB, its a good company but the management is not that good (EPF).
who knows whom they lend their money to and their aggresive behavior in growing the loans leads to massive impairment today.

Posted by yuanlong57 > 2016-11-15 04:45 | Report Abuse

Noah, this is precisely the point I'm trying to make. Someone earlier in the forum rebutted with a worst-case scenario of overborrowing by RCE borrowers who borrow from other sources as well which result in they being unable to service their debt burden.

This sort of 'worst-case scenario' seems too far-fetched and overstretch one's imagination. Remember:
1. Loan approvals are based on the civil servants job categories, the amount they qualify, their basic livelihood commitments and their ability to pay their loans.

2. RCE has been steadily clearing 'bad loan impairments' especially the 2013-2014 period right until 2016.

3. The prudent RCE management has successfully solidified its financial fundamentals through the cash repayment and share consolidation exercise.

4. RCE is focused on loan quality with implementation of CCRIS which screens the financial integrity of its borrowers.

5. Is it logical for the majority of RCE civil servants to risk their job and livelihood (grave disciplinary implications) through reckless borrowings that can impact seriously on RCE revenue?

Posted by blacksnake > 2016-11-17 11:30 | Report Abuse

no more show already...... can take profit then change to other stocks.............

Posted by SAKANA > 2016-11-18 09:07 | Report Abuse

RCE资本 估值仍诱人
Nanyang Sat, Nov 05, 2016

目标价：1.60令吉最新进展

RCE资本（RCECAP，9296，主板金融股）截至9月30日次季，净利表现强劲，激增80%，达1840万令吉；营业额扩大43.8%，报5616万令吉。

累计上半年，净利大涨83%，达3593万令吉；营业额则增长41.2%，报1亿809万5000令吉。

公司次季表现走强，主要是（1）利息和费用收入走高；（2）扩大贷款规模；以及

（3）消费者贷款业务支撑。

行家建议

RCE资本上半年取得的3590万令吉净利，高于我们的预期，占我们全年预测的67%。

首季的增长势头延伸到次季，这是正面迹象，净贷款按年大增16.7%，保持住首季的增速，不过，这可能是9月份佳节的因素。我们目前维持盈利预测，等待管理层最新汇报。

总债务按季上涨10%至11.9亿令吉，这是因为发售了第二批的回教债券，目前，该长期回债占总债务的22%，是正面因素，因为解决了集团资产负债失衡的问题。净负债率仍处于可管理的2.6倍水平。

由于竞争者缩减了业务，我们因而预测2017和2018财年的净贷款增长率，分别达16.3%和13.7%，主要是公务员的需求，以及市占率增长。

RCE资本的估值仍然有吸引力，2018财年的本益比仅有6.9倍。

Posted by smartrader2020 > 2016-11-18 20:08 | Report Abuse

http://klse.i3investor.com/blogs/discoverychannel/109247.jsp

Posted by noah > 2016-11-18 22:15 | Report Abuse

yuanlong57 agreed...
the only risk of impairment is of the following situation:

the civil servant resign and so no automatic salary deduction.
as the edge weekly latest coverage, they did interview MBSB CEO about this.
he say there are numbers of civil servant , mostly in the 21-30 years old resigning from gov sector and finding jobs in private sector.
and some refused or unable to service their loan borrowed before and leads to impaired loan.

so, the risk only arose when,
the civil servant resign AND followed by refuse or unable to pay.
the 2nd scenario cannot occur without the occurance of the 1st.

but RCE is addressing this issue by linking into CCRIS system.
so those that refuse to pay will have their name in CCRIS system which make it impossible for them to deal with any credit facilitiy, not even apply a credit card from any malaysian bank.

so, personal loan sector dealing with gov servent is still relatively safe.
the problem of personal loan rising gross impaired loan (GIL) only involve the private sector.

Posted by yuanlong57 > 2016-11-19 18:11 | Report Abuse

Noah, thanks for your input.

Posted by 8Huat8 > 2016-11-22 21:44 | Report Abuse

When only can break 1.40 la

Posted by CMLeong > 2016-11-30 11:16 | Report Abuse

what happened? dropped so much... regret for not selling it at 1.42..

Posted by JimYeoh > 2016-11-30 15:29 | Report Abuse

no problem to close above 1.50 by end of dec. 2016

Posted by tradeview > 2016-12-15 16:01 | Report Abuse

looks interesting

Posted by speakup > 2016-12-24 17:30 | Report Abuse

many brokerages now recommending buy RCECAP. u know what to do ;-)

Posted by paperplane2016 > 2017-01-04 08:56 | Report Abuse

quiet stock

Posted by 77huat77 > 2017-01-05 11:38 | Report Abuse

All cold eye stock up

Posted by Mini Yuan > 2017-01-05 14:44 | Report Abuse

huat ahh!

Posted by BigPunter > 2017-01-05 15:49 | Report Abuse

What's happening with this counter?

Posted by Up_down > 2017-01-05 17:44 | Report Abuse

Entering uptrend zone after breaking 1.44 with volume and MA 20 & 50.

Posted by paperplane2016 > 2017-01-05 17:45 | Report Abuse

walao, out of sudden breakout, CNY rally!