Posted by yuanlong57 > 2017-08-23 09:00 | Report Abuse

RCECAP got 2 times coverage with rich valuations and TPs by Maybank IB and once by Kenanga IB.

I think it's high time RCECAP is given appropriate coverage again in view of the latest outstanding QR.

If the cautious market can appreciate RCECAP rich valuations and transcend a confluence of factors like the North Korean-US tension, India-China border spat, etc, RCECAP can be expected to deliver a good run for investors.

Posted by yuanlong57 > 2017-08-23 09:14 | Report Abuse

JF Apex Research highlights RCECAP

KUALA LUMPUR: JF Apex Research expects AmBank, RHB Bank, Perisai Petroleum and Techfast as among the stocks to watch on Wednesday after the fresh corporate news.

AmBank and RHB Bank ended their merger talks after failing to reach an agreement.

As for Perisai, it said three clients are claiming RM13.68mil in losses and damages from its unit, Perisai Drilling Sdn Bhd for an alleged breach of contractual obligation.

Techfast proposed a one-for-three bonus issue of up to 57.04 million new shares.

The research house said Ewein’s subsidiary Ewein Zenith II Sdn Bhd has scrapped its plan to buy a piece of freehold land that the Penang government had given to Consortium Zenith Construction Sdn Bhd (CZ) as payment for CZ’s work on the Penang undersea tunnel project and three related roads.

JF Apex Research pointed out Kerjaya Prospek, Boon Koon, RCE Capital, Inari, UMW O&G, Maybulk, UEM Edgenta achieved better on-year quarterly results, whilst Dutch Lady, Hock Seng Lee, DNex, Deleum, Salutica recorded weaker on-year financial results.

Overnight, US markets rallied on renewed hopes of a tax reform by President Donald Trump. Earlier, European stocks staged a rebound led by basic resources counters following higher metal prices.

On the local market, the FBM KLCI gained 2.60 points to end at 1,774.22.

“Following the bullish performance in the US and Europe, the FBM KLCI could climb further towards its resistance of 1,800,” JF Apex Research said.

http://www.klsescreener.com/v2/news/view/272089

Posted by Wei Hong > 2017-08-23 09:20 | Report Abuse

if closing the candle stick can stand above MA 25 and 50 then it will get another good run tomorrow.

Posted by yuanlong57 > 2017-08-23 10:01 | Report Abuse

Thanks, Wei Hong. Quick-and-Go data.

Posted by russelbin > 2017-08-23 10:02 |

Post removed.Why?

Posted by VenFx > 2017-08-23 11:22 | Report Abuse

RCEcap the cutest and sweet smallish finance left.

Posted by ming > 2017-08-23 12:46 | Report Abuse

Im waiting Ambank to take over rcecap leh.. possible?

Posted by yuanlong57 > 2017-08-23 14:20 | Report Abuse

@Ming Dato' Azman's son, Shahman Azman is the
Non-Independent Non-Executive Chairman of RCECAP. His daughter, ShalIna Azman is also
Non-Independent Non-Executive Director.

Would he allow a take over of RCECAP By AMMB?

Posted by Whey Whey > 2017-08-23 15:53 | Report Abuse

Undervalue gem quietly rising :-D

Posted by Smart_invest > 2017-08-23 16:34 | Report Abuse

Agree! it was an undervalue stock and gonna explode soon

Posted by Whey Whey > 2017-08-23 16:36 | Report Abuse

The management did mention "modest growth" and remaing Quarter will be profitable for 2018 financial year :)

Posted by Whey Whey > 2017-08-23 16:40 | Report Abuse

Today is just a first day rising! Watch out :D

Posted by ginvin > 2017-08-23 17:07 | Report Abuse

gg today, continue tml ^^D

Posted by Whey Whey > 2017-08-23 17:19 | Report Abuse

AGM date on 29/08/2017, hopefully the share price will drive up until that day^^

Posted by ming > 2017-08-23 23:25 | Report Abuse

Earn so much but dividend give little only.. im expecting RCE to use the balance money to lend out more le..
Hopefully nx qr can see the effect

Posted by Whey Whey > 2017-08-23 23:30 | Report Abuse

@ming indeed...pls read their annual report 2017 they got mention why..

Posted by Whey Whey > 2017-08-23 23:40 | Report Abuse

I more interested to know if the shareholders going to approved the share buy back....it will improve the EPS

Posted by Smart_invest > 2017-08-23 23:52 | Report Abuse

what is mean by share buyback? They will discuss it on this coming AGM?

Posted by Whey Whey > 2017-08-24 00:17 | Report Abuse

Proposed Renewal of Share Buy-Back Authority
“THAT subject to the Companies Act 2016 (“Act”), provisions of the Articles of Association of the Company, Bursa Malaysia Securities Berhad (“Bursa Securities”) Main Market Listing Requirements and any other relevant authorities, approval be and is hereby given for the Company to purchase ordinary shares in the Company as may be determined by the Directors from time to time through Bursa Securities upon such terms and conditions as the Directors of the Company may in their absolute discretion deem t and expedient in the interest of the Company (“Share Buy-Back Mandate”) provided that:
(i) the aggregate number of ordinary shares in the Company which may be purchased and/or held by the Company at any point of time pursuant to the Share Buy-Back Mandate shall not exceed ten per centum (10%) of the total number of issued ordinary shares of the Company for the time being;
(ii) the maximum funds to be allocated by the Company for the purpose of purchasing its own ordinary shares shall not exceed the retained pro ts of the Company based on the audited nancial statements for the nancial year ended 31 March 2017 of RM227,131,682;
(iii) the authority conferred by this resolution will be effective immediately upon the passing of this ordinary resolution and will continue to be in force until:
(a) the conclusion of the next Annual General Meeting (“AGM”) of the Company, at which time the said authority will lapse unless by an ordinary resolution passed at the general meeting of the Company, the authority is renewed, either unconditionally or subject to conditions;
(b) the expiration of the period within which the next AGM of the Company is required by law to be held; or
(c) revoked or varied by an ordinary resolution passed by the shareholders in general meeting,
whichever is the earlier;
(iv) the shares so purchased by the Company pursuant to the Share Buy-Back Mandate be retained as treasury shares which may be distributed as dividends and/or resold on Bursa Securities and/or cancelled and/or dealt with by the Directors in the manners allowed by the Act;

Posted by Smart_invest > 2017-08-24 00:21 | Report Abuse

Oo thanks ya whey whey

Posted by Whey Whey > 2017-08-24 00:30 | Report Abuse

You welcome ;) if they buy back the shares it will delisted from the open market and become treasure shares...

Posted by paperplane > 2017-08-24 00:49 | Report Abuse

Wow! Bounce back.

Posted by Smart_invest > 2017-08-24 01:07 | Report Abuse

hope it will continue to grow up tmr xD

Posted by Whey Whey > 2017-08-24 08:43 | Report Abuse

Time for this undervalue gem to shine

Posted by yuanlong57 > 2017-08-24 09:48 | Report Abuse

Outlook :
Hong Leong IB says that stocks on the local front may still trade on a sideways tone amid the on-going financial reporting season as investors remain cautious and deploying the wait-and-see strategy over the near term. The KLCI could hover between the 1,765-1,775 levels.

But, RCECAP just cannot wait to fly ...

Posted by yeekarwai 95 > 2017-08-24 11:10 | Report Abuse

covered by IB,price still drop

Posted by Smart_invest > 2017-08-24 11:17 | Report Abuse

dunnoe why still dropping~haiz

Posted by yuanlong57 > 2017-08-24 12:55 | Report Abuse

It seems market still remains cautious.

Posted by Whey Whey > 2017-08-24 13:36 | Report Abuse

Where u could find a business model that revenue 57m++ , PBT 27m++, PAT 21m or equal to EPS 6.18 sen per share....Company did mention growth so we can expect financial year 2018 will much better than 2017.... Annualize the EPS assuming only maintain 6 sen per quarter it will be 24 sen... PER X8= 1.92

I dont even count if PE = 10

Posted by Stock Kingdom > 2017-08-24 13:39 | Report Abuse

One day show only?

Posted by yuanlong57 > 2017-08-24 16:16 | Report Abuse

RCE CAPITAL

By Maybank IB Research

Buy

Target price: RM2.10

While RCE Capital Bhd saw loan growth moderate during the first quarter of financial year 2018 (FY18), Maybank Investment Bank (IB) Research said it expects a pick-up in the subsequent quarters.

“The pipeline for loans remains healthy at this stage and asset quality remains stable,” the research house said in a note.

It said the group’s results for the first quarter ended June 30, 2017 had come in within its expectations.

RCE Capital saw its Q1’FY18 net profit come in at RM20.9mil, which was a 19% increase year-on-year and 1.5% decline quarter-on-quarter.

The year-on-year growth was supported by higher net loan growth and improved interest margins.

On a quarter-on-quarter basis, it noted that the dip in earnings was largely a function of slightly narrower margins.

Net loan growth was 9.7% year-on-year during the quarter, compared to 12% during the same period last year.

On a quarter-on-quarter basis, however, loan growth was only 1.1%, or 4.5% on an annualised basis.

“This was largely due to an increase in prepayments and a temporary slowdown in disbursements during the quarter,” the research house said.

It noted that RCE was set to issue its fourth Sukuk tranche (about RM150mil) in September, which would imply a still stable loan pipeline. It added that disbursements should pick up pace into the next few quarters. The research house said it had already imputed a loan growth estimate of 7.8% for FY18, on expectations of slower demand ahead.

Posted by Sharewitch > 2017-08-26 21:45 | Report Abuse

Low PE but no interest?

Posted by yuanlong57 > 2017-08-26 22:00 | Report Abuse

Market is still cautious and hesistant in making definitive decision.

ESOS power not activated yet? Will scenario change next Monday?

Posted by gcke > 2017-08-27 14:54 | Report Abuse

Just to share on the probable stock price trend and momentum for RCE.

1.Presently,all the Technical Price Charts - Moving Averages(MA), Moving Average Convergence Divergence(MACD),Relative Strength Index(RSI) supported the bullishness for the stock,viz:

A. The price candles are above the MA25 and MA50 lines for the last two trading days;
B. The MACD line has moved above the Signal Line showing the buying momentum support.Signalling buying!.
C. The RSI chart also supports buying for the stock and is very well supported.

Outcome: Price upside is probable.Barring any adverse global development news or events which will derail the price uptrend.

To view the charts and makes your own deductions - http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=9296

Posted by yuanlong57 > 2017-08-27 19:14 | Report Abuse

Hopefully the visual technicals will translate exactly into market realities tomorrow.

Posted by Smart_invest > 2017-08-28 16:41 | Report Abuse

until today still the same no improvement, anyone have news? haizzzz

Posted by yeekarwai 95 > 2017-08-28 22:17 | Report Abuse

this week only 3transaction days,should be quiet.

Posted by yuanlong57 > 2017-08-29 17:26 | Report Abuse

RCE Cap: Quality over quantity in loan disbursements
Adela Megan Willy/theedgemarkets.com
August 29, 2017 14:55 pm MYT

PETALING JAYA (Aug 29): General loan financing services provider RCE Capital Bhd said it "does not compete for market share" and prioritises quality over quantity in terms of loan disbursements.

Speaking to reporters after its annual general meeting earlier today, its chief executive officer Loh Kam Chuin acknowledged that within the Malaysian personal financing sphere which is worth about RM160 billion, RCE Capital commands only about 1% share of the market.

In terms of the civil servant financing market, RCE Capital — which provides financing mainly to government employees — has about 2% to 3% market share, based on its loan book value of between RM1.5 billion and RM1.6 billion.

"We don't compete for market share. We are on the niche side and serve markets that are unserved by the bigger players," Loh said.

"We are not deposit taking so in terms of rates, we don't have the advantage over the bigger players. So we focus on delivery, on how fast we can get the loans to our customers," he added.

Loh cited education, home renovation and medical needs as among the top reasons for loan applications by civil servants to the group.

At noon break, RCE Capital settled 1.7% or 3 sen lower at RM1.70, valuing it at RM579.61 million.

http://www.theedgemarkets.com/article/rce-cap-quality-over-quantity-loan-disbursements

Posted by Smart_invest > 2017-08-29 17:35 | Report Abuse

mean no more up trend? and not suitable for invest?

Posted by gcke > 2017-08-29 20:39 | Report Abuse

@Smart_Invest responding to your query on share re-purchase:
1.A share re-purchase is the transaction in which the stock issuer(the public listed company) buys back its shares from investors.
Also known as a share buyback.
Once repurchased, the shares become treasury shares (or treasury stock).
Share repurchases are restricted by regulations in some countries.
2.Motives for re-purchasing(buyback) shares include the following:
A.Signal that the stock is undervalued.
B.Flexibility of distributing cash without the expectation of cash dividends.
C.Tax efficiency when the tax rate on capital gains is less than that of cash dividends.
D.Offset share increases from executive stock options(ESOS).

2. Example 1:

The Company is planning a RM100 million share re-purchase. Its current stock price is RM25 per share, and there are 16 million shares outstanding prior to the repurchase. Earnings per share without the repurchase would be RM3 per share. What is the earnings per share under each of these two scenarios?
Scenario 1: Use idle cash on hand.
Scenario 2: Borrow funds at after-tax rate of 7%.

Scenario 1:
Net income = RM3 × 16 million = RM 48 million
EPSScenario 1 = $48 million ÷ (16 million – 4 million) = $4 per share.

Scenario 2:
Net income = RM3 × 16 million – (0.07 × RM100 million) = RM41 million
EPSScenario 2 = RM 41 million ÷ (16 million – 4 million) = RM 3.41 per share

When the market price per share is greater than the book value per share (BVPS), the book value per share of equity will decrease with a share repurchase.

3. Example 2:Continuing the Company example and adding the book value per share of RM20:

Scenario 1:Using cash
Book value = (RM20 × 16 million) – RM100 million = RM220 million
BVPS Scenario 1 = RM220 million ÷ (16 million – 4 million) = RM 18.33 per share

Scenario 2:Using loans at 7% interest per annum
Book value = (RM20 × 16 million) – RM100 million – RM7 million = RM213 million
BVPS Scenario 2 = RM213 million ÷ (16 million – 4 million) = RM17.75 per share

4. Summary:

A.Share re-purchases made with excess cash have the potential to increase earnings per share, whereas share repurchases made with borrowed funds can increase, decrease, or not affect earnings per share, depending on the after-tax borrowing rate.
B.Announcement of a share repurchase is sometimes accompanied by positive excess returns in the market when the market price is viewed as reflecting management’s view that the stock is undervalued.

Hope the information disclosed helps.

Posted by yuanlong57 > 2017-08-30 04:37 | Report Abuse

Great disclosure, gcke. Guess from accounting or financial background?

Posted by yuanlong57 > 2017-08-30 15:01 | Report Abuse

RCE Capital prioritises quality in loan disbursements
Adela Megan Willy/
The Edge Financial Daily

August 30, 2017 11:11 am MYT

This article first appeared in The Edge Financial Daily, on August 30, 2017.

KUALA LUMPUR: General loan financing services provider RCE Capital Bhd said it “does not compete for market share” and prioritises quality over quantity in terms of loan disbursements.

Speaking to reporters after its annual general meeting yesterday, its chief executive officer Loh Kam Chuin acknowledged that in the Malaysian personal financing segment worth about RM160 billion, based on Bank Negara Malaysia’s (BNM) figures, RCE Capital has only about 1% market share.

For the civil servant financing market, RCE Capital — which provides financing mainly to government employees — has about 2% to 3% market share, based on its loan book value of between RM1.5 billion and RM1.6 billion as at end-June 2017.

As at Feb 1, 2017, there were 1.6 million government employees, of which RCE Capital is managing less than 100,000 accounts, according to Loh. “We don’t compete for market share. We are on the niche side, serving markets unserved by bigger players,” he said.

“We are not [a] deposit-taking [setup], so in terms of rates, we don’t have the advantage over bigger players. We focus on delivery — how fast we can get the loans to customers.”

Loh said education, home renovation and medical needs are among the top reasons cited by civil servants when applying to the group for loans.

On the group’s outlook, Loh said “it is very difficult to say [how things will be]. Do we want [to provide] quality loans or [seek] growth in loans just for the sake of growing? Then again, we just issued our first quarterly results for [the group’s] FY18 (financial year 2018), so you can draw some comparisons from there”.

RCE Capital’s net profit climbed 19.4% to RM20.93 million in the first quarter ended June 30, 2017 (1QFY18) from RM17.53 million a year ago, on higher net interest income as well as relatively stable loan impairment. Revenue rose 9.9% to RM57.1 million from RM51.94 million. Its consumer financing segment’s loan base grew 9.6% year-on-year.

“It (the sustainability of loan base growth, moving forward) ultimately depends on how we choose to grow. We [would] prefer to look at [offering] quality [loans]; we are not chasing for loan approvals just for the sake of growing,” Loh said.

“Moving forward, our growth is also very much dependent on what’s in store for us in the upcoming Budget 2018, as there could be changes to things such as salary adjustments for civil servants. However, what we can tell you is, demand for loans will always be there, so [it is] business as usual [for the group].”

Posted by yuanlong57 > 2017-09-05 09:58 | Report Abuse

I don't think it's economically feasible for North Korea to continue testing missiles. The missiles are not paper missiles. They incur high costs which take big bites into the GDP.

With economic sanctions imposed upon North Korea, and particularly import cuts by China, it's not sustainable for North Korea in the long run. North Korea will collapse.

Posted by ttluck > 2017-09-05 11:18 | Report Abuse

looks attractive....tmr.down somemore...1.6..enter game....

Posted by gcke > 2017-09-05 12:30 | Report Abuse

Presently,the world is witnessing two leaders from USA and NK who were equally arrogant,tempestuous,boisterous and egoistic.
2.The firing and testing of missiles-short range and ICBMs and the detonation test of a nuclear bomb over the weekend by NK is all part of geo-political play.Thumbing the nose at the UN and also at USA and China.
3.IF either one were to act unwisely will bring the situation in North East Asia to the crisis tipping point with the breakout of wars between the contesting countries and their powerful superpowers backers.
4.Breakout of war can also happen accidentally if during testing of the ICBMs it accidentally mis-directed and landed in Japan peninsula, South Korea or hit of the warships around the area.
5.The best outcome will be if the contesting and disputing parties can sober down and let peace prevails.Unless such calm can prevail the global equities will be very volatile.Do lookout for the Volatility Index(VIX) .If it spikes then the world equities markets have been somewhat spooked by such not positive geo-political happenings.

Outcome: Now is the end of summer.In another three-four months onset of winter.Maybe during such cold and wintry months, calm,tranquility and peace will prevail,albeit temporarily for a short period.

Posted by gcke > 2017-09-05 12:47 | Report Abuse

Read on the latest update-http://www.theedgemarkets.com/article/us-envoy-says-north-korean-leader-begging-war-un-mulls-sanctions

Posted by hng33 > 2017-09-05 16:13 | Report Abuse

bought RCE at 1.66

Posted by yuanlong57 > 2017-09-05 23:49 | Report Abuse

No cause for big worries. All happenings are part of the global geopolitical games.

Read the news from non-US sources:

The Eastern Economic Forum
http://theduran.com/north-korean-delegation-arrives/

As long as the 2 Koreas meet up with dialogue, there is a great chance of melting down the geopolitical tension and subsequently ease down market turmoil.

Posted by yeekarwai 95 > 2017-09-06 17:09 | Report Abuse

Such an outstanding stock still not move up and low volume.

Posted by Whey Whey > 2017-09-06 17:10 | Report Abuse

Bought RCE at 1.65... 1 sen lower than hng33 sifu lol

Posted by hng33 > Sep 5, 2017 04:13 PM | Report Abuse

bought RCE at 1.66