Times are bad, inflation is gradually but slowly creeping up. More people would therefore forced to take loans to tie over. This counter 'd benefit if hold for medium to long term. A good candidate to bet on fro the effect of "Small knife saw big tree" as a Chinese saying.
extract from quarterly rpt A final single-tier dividend of 15.0% (1.50 sen) on 1,173,582,495 ordinary shares amounting to RM17,603,737, in respect of the financial year ended 31 March 2013 will be proposed for shareholders' approval
You better check the latest financial report then you will understand why possibly it will only give out bonus share. Base on the massively share buy back action,it is possibly to be happen.
RCE already proposed final dividend of 1.5sen TE, and is expect to be declare very soon, likely within these week. Based on current price of 27.5sen, the yield is attractive at 5.45% nett.
RCE had already made all necessary loan impairment and provision in 2 consecutive quarter in order to meet BNM rules. According to management, there will be no more provision in next quarter which is the main culprit to cause last 2 consecutive loss, which mean, the RCE next quarter result will be U-turn, its core business will make positive earning onwards.
As worse is over for RCE after its make all provision in 2 consecutive quarter, current share price 27.5sen offer minimum risk and stock should react positively once 1.5sen final dividend is declare, as it offer 5.45% net dividend yield.
Awaiting for its final dividend of 1.5sen, give rise to net yield of 5.5%. RCE worse is over now as all impairment and provision already take into account, next quarter will be positive earning already.
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....
chengyee
670 posts
Posted by chengyee > 2013-05-21 09:51 | Report Abuse
Wow