Posted by ahhuat02 > 2017-05-31 08:59 | Report Abuse

INSIDER u are big croc la haha

Posted by Insider_Says > 2017-05-31 09:14 | Report Abuse

I am just a 打工仔 & I am now self employed. I earn it bit by bit over years from thousands, I have 2 sifus, one is warren buffet & the other one is coldeye.

Only buy good company with profitable records in right industry when the price is attractively weak, never chase high.

Then you will have your money secured & fully comply with WF 2 simple golden rules.

Don't listen to another old local man.

Posted by ahhuat02 > 2017-05-31 10:18 | Report Abuse

insider say, would u mind to share what shares are u holding now?

Posted by Insider_Says > 2017-05-31 11:31 | Report Abuse

@ahhuat02, I am on holidays at Singapore now & have more time to visit i3 this week.

I used to have Airasia, JHM, Penta, Ekovest,Gadang, Gkent, Aeoncr, Ann Joo, and some others, but I sold all to lock in profits, now looking here & there.

Posted by ahhuat02 > 2017-05-31 11:46 | Report Abuse

no wonder u have 500k to top up hahaha thanks your sharing

Posted by yuanlong57 > 2017-05-31 23:14 | Report Abuse

ahhuat02, thanks for conducting the interview. In my view, insider_says is like what Alibaba Jack Ma's popular quotation "a crocodile in the Yangtze River." Ha ha.

Posted by Insider_Says > 2017-05-31 23:21 | Report Abuse

@yuanlong57, I am only a ikan bilis, always follow the tide cari makan

Posted by yuanlong57 > 2017-06-01 00:05 | Report Abuse

Such humility, such humility.

Posted by yeekarwai 95 > 2017-06-01 13:21 | Report Abuse

wake up please

Posted by kenteoh94 > 2017-06-01 15:33 | Report Abuse

Wake up ad

Posted by yeekarwai 95 > 2017-06-01 15:46 | Report Abuse

finally

Posted by ahhuat02 > 2017-06-01 16:21 | Report Abuse

hahaha

Posted by riko > 2017-06-01 17:03 | Report Abuse

Insider_says makan it. -_-

Posted by Insider_Says > 2017-06-01 17:25 | Report Abuse

Bought little yesterday @ 1.74 & some today @ 1.75

Posted by Insider_Says > 2017-06-01 17:26 | Report Abuse

Cannot makan all lah, tak cukup duit

Posted by Insider_Says > 2017-06-01 17:28 | Report Abuse

I read back those old analysis by merchant bankers, by using their basis, RCE Cap is now deeply undervalued.

http://www.rce.com.my/docs/news/Kenanga%20Report.pdf
http://www.rce.com.my/docs/news/Maybank%20Research%20Report%20-%20RCE%20Capital%20Berhad%2020.09.2016.pdf

Posted by yeekarwai 95 > 2017-06-01 17:56 | Report Abuse

actually how we find the market share occupy by RCECAP?

Posted by Insider_Says > 2017-06-01 18:58 | Report Abuse

Don't know leh, all talk only but no reference.

Posted by yeekarwai 95 > 2017-06-01 19:27 | Report Abuse

=.=

Posted by paperplane2016 > 2017-06-01 19:30 | Report Abuse

I know. But I won't share

Posted by abangadik > 2017-06-01 19:32 | Report Abuse

I also know but lazy to explain.. haha

Posted by paperplane2016 > 2017-06-01 19:35 | Report Abuse

Give me five

Posted by ginvin > 2017-06-01 19:57 | Report Abuse

any impact from merge RHB + AmBank ?

Posted by abangadik > 2017-06-01 19:58 | Report Abuse

different target users and selling different products.

Posted by Insider_Says > 2017-06-01 20:14 | Report Abuse

hehe, let's play a game here

Posted by ahhuat02 > 2017-06-01 21:22 | Report Abuse

rcecap aim for gov workers bah... even merge two company loan become one company loan ? good? i dont know ahhahah

Posted by yuanlong57 > 2017-06-01 21:56 | Report Abuse

The present reality is there are about 20 financial institutions providing financing lending services to government servants. RCECAP has only about 1% portion of this money-lending service provisions. Yet, RCECAP is able to achieve an increasingly strong performance.

Posted by ginvin > 2017-06-01 22:19 | Report Abuse

ambank and rcecap owned by the same boss if not mistaken... thinking the merger might benefit to rcecap :P

Posted by yuanlong57 > 2017-06-01 23:43 | Report Abuse

Yes, you are right, ginvin. Tan Sri Dato' Azman Has him has substantial shareholding in RCECAP.

Posted by Insider_Says > 2017-06-02 00:07 | Report Abuse

I am reading analysis report from Kenanga

Longer funding for a shorter lending tenure. RCECAP issued asset-backed securities amounting to RM1.5bn in 2007 which have been fully redeemed. In June 2016, RCECAP issued its SUKUK Murabahah Asset-Backed Securitization Programme via AL Dzahab Assets Bhd which is a 10-year Sukuk of RM900m in multiple tranches with a semi-annual payment of 5-7% (for Tranche 1). Tranche 1 consist of RM156m with Tranche 2 (RM181m) and is expected to be issued by Oct 2016. Since imposition by BNM in 2013, maximum tenure for personal financing is limited to under 10 years. RCECAP’s loan tenure is around 7-8 years (vs. > 15 years prior to 2013).
http://www.rce.com.my/docs/news/Kenanga%20Report.pdf

Posted by Insider_Says > 2017-06-02 00:08 | Report Abuse

Lower Risk through large customer base.
Since 2015, average loans size have been around RM15k with an average yearly outstanding accounts of RM72m. Prior to that (2012-2015) outstanding accounts were in average of RM51m/yearly with loan size of RM30k.

The report was dated 04 October 2016

Posted by Insider_Says > 2017-06-02 00:14 | Report Abuse

Loan growth over past 3 years:
2017 12.0%
2016 17.8%
2015 15.7%

Posted by Insider_Says > 2017-06-02 00:26 | Report Abuse

1% market share is not a secret, just it's not an ultimate source:

RCE Capital has “room to grow”, with an estimated market share of just 1% currently of the entire civil servant financing market, and especially so “amid sustained demand for personal loans.”

To this end, he pointed out that the size of the civil service has expanded at an annual rate of about 7% over the past four years to about 1.6 million currently.

http://www.thestar.com.my/business/business-news/2017/01/09/rce-capital-continues-to-attract-investors/

Posted by Insider_Says > 2017-06-02 00:34 | Report Abuse

Revenue (interest income) ratio to borrowings to government servants:
2017 16%
2016 14%
2015 13%

Average borrowings for past 3 years
2017 1,363,153
2016 1,187,302
2015 1,013,468

Revenue for past 3 years
2017 223,331
2016 162,386
2015 131,186

Posted by Insider_Says > 2017-06-02 01:09 | Report Abuse

Total borrowings as at end of year
2017 1,411,561
2016 1,260,442
2015 1,069,917

Posted by yuanlong57 > 2017-06-02 01:43 | Report Abuse

Insider_Says:
Thank you very much for your meticulous initiative to list out the fundamental forensics of RCECAP.

I'm sure with this segmental analysis, it's as clear as daylight as to the strength and depth of RCECAP business model, its future loan growth, its impairment risks, its financial liabilities and cash flow.

Complementing the relevant segmental fundamentals, an efficient and prudent management supported by a confluence of value-enhancing factors have further enabled RCECAP to outperform progressively.The supportive factors are:
1. Higher fee income
2. Macro debt market demand
3. Better quality loans
4. Employing CCRIS system
5. Stringent loan application criteria
6. Cutting management costs
7. Efficient and speedy loan processing procedures

Posted by Lukesharewalker > 2017-06-02 16:29 | Report Abuse

Too much staff esos...dumping

Posted by ahhuat02 > 2017-06-02 16:39 | Report Abuse

staff will work harder no need scare la good company lai de

Posted by tradeview > 2017-06-02 18:21 | Report Abuse

we continue to like RCE Cap and believe the price is far below its true fair value

Posted by ahhuat02 > 2017-06-02 20:18 | Report Abuse

serious undervalued but its ok for me i will wait. this stock i wont sell in cheap price hahaha

Posted by StocksGod > 2017-06-05 11:01 | Report Abuse

maybank increases its target price again from RM1.95 to RM2.10

Posted by VenFx > 2017-06-05 13:56 | Report Abuse

Worth to pay More Attention for RceCap.

Posted by Firefox > 2017-06-05 15:42 | Report Abuse

StocksGod bro,can you share the link here please??

Posted by ahhuat02 > 2017-06-05 20:44 | Report Abuse

tp2.1 too less my tp 2.5 haha

Posted by yuanlong57 > 2017-06-05 20:54 | Report Abuse

ahhuat02, sokong sama lu. Hi, hi, hi.

Posted by ahhuat02 > 2017-06-05 21:25 | Report Abuse

this stock very weird ...no body wan chase since current market so good lol

Posted by Cockcroach > 2017-06-05 22:01 | Report Abuse

This stock only fly when you do not expect it

Posted by ahhuat02 > 2017-06-05 22:02 | Report Abuse

ya when no bullish day hahaha stay turned

Posted by ahhuat02 > 2017-06-05 22:17 | Report Abuse

rcecap volume become less already which mean a good sign too

Posted by yuanlong57 > 2017-06-06 12:22 | Report Abuse

Firefox, refer The Edge Weekly, Brokers' Digest, [CAPITAL] p. 52.
"Valuations are still undemanding with the stock trading at an attractive calendar year PER of 7.8 times and 1.2 times book, despite a high return on equity of 17%. After the earnings upgrade, our new target is raised from 1.95 (to RM2.10)