Macd is going U turn to positive and other technical indicators are showing oversold . But overall market sentiment is still not good. Hopefully can breakout with strong buying signal
Anyhow q oso managed to hit 1.63, too bad it went up to 1.66 after I received the alert...missed the boat, but anyway 1.66 is still a good buy. Averaging down too much in 1.7xx now limited bullet...sial
I don't think it will impact the QR1 ending 30 June 2017 as by now the accounts are already ready for release. It may be reflected in the next QR2. Just a view.
Similar to bank, there is provision for impairment loss on Loan and Receivables every quarter (amount can be extracted from the quarterly reports). If we compare to Aeon Credit, the % of provision on total loan & receivable is lower. With growth in its loan & receivables, 6 mil provision per quarter for RCE Cap is not excessive. In fact, for FY 17 the net profit has already taken in total Rm27 mil impairment. It is part and parcel of a money lending business. Just my 2 cents.
SP0094701 : Estimated 2nd week of August is game changing timeline. Technicals with RSI 43.45 @ 1.69 while StochRSI at oversold, once MACD recalibrates optimally, RCECAP is heading for a solid run.
[ SP0094701 : Estimated 2nd week of August is game changing timeline.] I wish to clarify on this: This is when the 1QR ending 30 June 2017 is due for release. The outcome of the 1QR will impact the price movement in some way. The other significant date is 22 July (est.) when the notice of closure for dividend payout may be announced. Hoping that these two timelines will synthesize positively to spark RCECAP into strong uptrend momentum.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3309 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
yeekarwai 95
3,967 posts
Posted by yeekarwai 95 > 2017-06-30 17:09 | Report Abuse
tunggu naik,haha.
Strong manipulation.