The top line is helped by non-interest income of almost RM19m, which is a record high. NII now constitutes 28.5% of total income. As mentioned in the management review, it's primarily driven by "higher early settlement income arising from increased refinancing activities". The question is, could refinancing activities be near its peak now?
More reassuringly, financing receivables have been growing above 6% YoY in the last and current quarters, reversing the slow down that started in 2020. As long as management remains prudent with its lending, this will be a more reliable and growing source of income in the future.
Next div should be announced in May... Judging by how the major shareholders are buying the shares, it should be a good quarter, and hopefully a good div too
If profit stable, dividend will be between 11 to 14.5 sen every year. Slow is ===> Fast. Many moons ago 'Slow Slow' collect, now 'Fast Fast' make money.
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....
pang72
47,452 posts
Posted by pang72 > 2023-01-12 12:30 | Report Abuse
Ooi,
RCE is belong to sifu ColdEye.
It doest related to uncle YY.
We shld stick to ColdEye value investing strategy for RCE