Lukesharewalker, I share the same sentiment. Dividend will be good. There may be a special dividend too. There are some 20 financial loan service providers offering loans to civil servants. But, thumbs up to RCECAP for their smart management through focus on quality loans, CCRIS, higher fee income and prime-pruning loan impairment provisions.
An opinion poll (contd) Do you think RCECAP will continue to OUTPERFORM? Why?
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Banking statistics: Loan growth up at faster pace in March StarBiz, 3 March 2017
PETALING JAYA: Loan growth expanded at a faster pace in March and analysts are expecting a recovery this year. According to latest official banking statistics, loan growth for the banking system picked up and grew at 6% year-on-year (y-o-y) in March to RM1.54bil from 5.3% y-o-y at the end of February.
The recovery was supported by the business loans segment, which grew by 7.2% y-o-y in March, up from 5.4% y-o-y in February.
Working capital loans’ upward trajectory also returned, with a 6.8% y-o-y growth in March versus a 6.1% y-o-y growth in February.
“We believe working capital loans are a good proxy for overall business borrowing.
“This suggests that either business conditions or business confidence continues to improve, and we believe that this will have a positive impact on the overall loan growth in the coming months,” MIDF Research said in its report. Household loan momentum also inched up from 5.1% y-o-y in February to 5.2% y-o-y in March.
However, the pace of residential mortgages continued to slide, as expected, from 9% y-o-y in February 2017 to 8.8% y-o-y in March 2017, due to a continued downturn in the property market which started in early 2015. CIMB Research noted that banks registered a cumulative loan growth of 1% in the first quarter of 2017, which translated to an annualised rate of 4% y-o-y.
“Although this may appear to be lower than our projected loan growth of 5%-6% for 2017, we regard the first-quarter growth as in line, as we expect a recovery in loan momentum in the coming months, on the back of improvements in business sentiment and robust loan approvals from February to March,” CIMB Research said.
MIDF Research said it is not making any changes to its expectations of loan growth in 2017, and it would rebound this year.
“This is especially so as our in-house team is expecting Malaysia’s gross domestic product to pick up higher than previously estimated. We note that the recent upturn in loan demand and approval continued in March,” MIDF Research said.
It also noted that loan demand and approval in the first quarter of this year were higher than those in the same quarter of the previous year.
Meanwhile, Hong Leong Investment Bank (HLIB) Research pointed out in its report that it has maintained its 2017 loan growth forecast at 6% y-o-y, supported mainly by the business segment that would capitalise on development spending, as well as a recovery in the small and medium enterprise segment.
“We expect banks to post an earnings recovery in 2017, on the back of higher loan growth expectations; continued discipline in expenses and the ending of impairment programmes.
“We expect banks’ loan loss coverage to improve in 2017, given the slower trend of large provisions,” it said.
SP0094701, be patient. Rising tide will naturally lift all boats. Some conspicuous or inconspicuous signals to a favorable 4th Quarterly Report will surface sooner or later.
RCECAP maybe should activate ESOS so that some early sweeteners in the form of 'low-priced' shares for a specific timeframe to kick start an exciting run up to the coming 4th Quarterly Report. At present only trading within a boring price range.
Based on RCE previous dividend track record, its dividend payout is a least 75%, therefore, if RCE cab deliver annual EPS 20 sen, dividend payout is expect o at least 15sen per share.
Based on previous record, RCE is expect to propose dividend payout together with Q4 result end of these month. Q1 5.4, Q2 5.62, Q3 6.52, Q4 !?. in Q3 result commentary, management expect satisfactory result forward, therefore, it is very extreme conservative to just Q4 should at least deliver 2.5sen in order to reach cumulative annual 20sen (personally, Q4 should match or exceed 6sen).
Conservatively, at least 15sen (assume 75% payout, cumulative EPS 20sen), RCE dividend yield very attractive at about 9%. If RCE deliver excellent Q4 result, cumulative EPS will be 24sen, and assume 75% payout, dividend will be 20% higher, at 18sen, a wonderful dividend yield more than 10%.
Analysis is there but more seller now ..prise no up somuch within this 3month ...other like padini... pertrom .. johatin all up but Rce no move much maksiap
Normally, I don't like to mention other counters here. But, I don't want my fellow RCECAP 'kakis' to miss a good 'ho khang t'ao,' & to have another easy source of income. ALCOM(2674) is having cash repayment of 0.32 sen per share & 0.205 sen special dividend. Check it out.
heng0202, based on your analysis,15 sen dividend will be paid out. However, for previous record except last year (got special dividend), the dividend payout is 1.5 sen not 15 sen. So there is 0.9% dividend yield. I am holding this share now at a lower price and still considering to sell it as I found a few share worth to invest on today.. Is there any thing I missed out? Kindly advise so I can do as reference. Thanks so much and hope everyone here make money!
Hopefully, RCECAP this coming QR will bring earth-shattering news with high dividend and special dividend and its share price will fly higher than all forecast TPs! Heng0202, like you said, RCECAP unleashing its intrinsic power.
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Lukesharewalker
6,537 posts
Posted by Lukesharewalker > 2017-05-02 11:19 | Report Abuse
Could be 20 cents this round