RCE CAPITAL BHD

KLSE (MYR): RCECAP (9296)

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Last Price

1.73

Today's Change

+0.02 (1.17%)

Day's Change

1.71 - 1.74

Trading Volume

561,900

Financial

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Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Revenue 319,046 329,389 341,659 323,632 299,457 293,459 282,609 262,570 245,906 223,331 162,386 131,186 11.21%
PBT 156,844 163,392 184,849 183,942 177,231 167,223 148,900 131,089 117,373 101,490 54,183 45,729 16.77%
Tax -40,544 -41,616 -46,097 -45,158 -44,062 -42,590 -38,319 -35,556 -28,692 -22,541 -14,612 -9,524 19.13%
NP 116,300 121,776 138,752 138,784 133,169 124,633 110,581 95,533 88,681 78,949 39,571 36,205 16.08%
-
NP to SH 116,300 121,776 138,752 138,784 133,169 124,633 110,581 95,533 88,681 78,949 39,571 26,816 20.01%
-
Tax Rate 25.85% 25.47% 24.94% 24.55% 24.86% 25.47% 25.73% 27.12% 24.45% 22.21% 26.97% 20.83% -
Total Cost 202,746 207,613 202,907 184,848 166,288 168,826 172,028 167,037 157,225 144,382 122,815 94,981 8.79%
-
Net Worth 835,449 835,449 828,121 806,136 870,773 770,987 673,303 584,402 519,794 432,371 449,670 519,781 5.30%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Div 87,942 95,270 109,927 219,855 80,491 46,617 38,574 30,758 23,937 9,901 179,868 17,719 22.45%
Div Payout % 75.62% 78.23% 79.23% 158.42% 60.44% 37.40% 34.88% 32.20% 26.99% 12.54% 454.55% 66.08% -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Net Worth 835,449 835,449 828,121 806,136 870,773 770,987 673,303 584,402 519,794 432,371 449,670 519,781 5.30%
NOSH 1,482,133 1,482,133 741,066 741,066 739,987 382,655 372,938 360,555 355,994 330,054 1,284,772 1,181,321 -5.04%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
NP Margin 36.45% 36.97% 40.61% 42.88% 44.47% 42.47% 39.13% 36.38% 36.06% 35.35% 24.37% 27.60% -
ROE 13.92% 14.58% 16.76% 17.22% 15.29% 16.17% 16.42% 16.35% 17.06% 18.26% 8.80% 5.16% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 21.77 22.47 46.62 44.16 40.92 81.83 80.59 76.83 71.91 67.66 12.64 11.11 17.25%
EPS 7.94 8.31 18.93 18.95 18.25 35.03 31.83 28.02 26.03 23.92 3.08 2.27 26.54%
DPS 6.00 6.50 15.00 30.00 11.00 13.00 11.00 9.00 7.00 3.00 14.00 1.50 29.12%
NAPS 0.57 0.57 1.13 1.10 1.19 2.15 1.92 1.71 1.52 1.31 0.35 0.44 11.03%
Adjusted Per Share Value based on latest NOSH - 1,482,133
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 21.52 22.22 23.05 21.83 20.20 19.80 19.07 17.71 16.59 15.07 10.95 8.85 11.21%
EPS 7.85 8.22 9.36 9.36 8.98 8.41 7.46 6.44 5.98 5.33 2.67 1.81 20.00%
DPS 5.93 6.43 7.42 14.83 5.43 3.14 2.60 2.07 1.61 0.67 12.13 1.20 22.41%
NAPS 0.5636 0.5636 0.5587 0.5438 0.5874 0.5201 0.4542 0.3942 0.3507 0.2917 0.3034 0.3507 5.30%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 30/09/24 30/09/24 29/03/24 31/03/23 31/03/22 31/03/21 31/03/20 29/03/19 30/03/18 31/03/17 31/03/16 31/03/15 -
Price 1.57 1.57 2.68 1.82 1.85 2.60 1.49 1.63 1.23 1.78 0.285 0.315 -
P/RPS 7.21 6.99 5.75 4.12 4.52 3.18 1.85 2.12 1.71 2.63 2.25 2.84 8.14%
P/EPS 19.79 18.90 14.16 9.61 10.17 7.48 4.73 5.83 4.74 7.44 9.25 13.88 0.22%
EY 5.05 5.29 7.06 10.41 9.84 13.37 21.16 17.15 21.08 13.44 10.81 7.21 -0.23%
DY 3.82 4.14 5.60 16.48 5.95 5.00 7.38 5.52 5.69 1.69 49.12 4.76 1.82%
P/NAPS 2.75 2.75 2.37 1.65 1.55 1.21 0.78 0.95 0.81 1.36 0.81 0.72 14.14%
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 20/11/24 20/11/24 24/05/24 23/05/23 30/05/22 25/05/21 16/06/20 28/05/19 28/05/18 26/05/17 26/05/16 25/05/15 -
Price 1.73 1.73 3.11 1.92 1.76 2.73 1.81 1.63 1.33 1.83 0.75 0.335 -
P/RPS 7.95 7.70 6.67 4.35 4.30 3.34 2.25 2.12 1.85 2.70 5.93 3.02 9.19%
P/EPS 21.80 20.82 16.43 10.14 9.67 7.85 5.74 5.83 5.13 7.65 24.35 14.76 1.19%
EY 4.59 4.80 6.09 9.86 10.34 12.73 17.42 17.15 19.50 13.07 4.11 6.78 -1.18%
DY 3.47 3.76 4.82 15.63 6.25 4.76 6.08 5.52 5.26 1.64 18.67 4.48 0.81%
P/NAPS 3.04 3.04 2.75 1.75 1.48 1.27 0.94 0.95 0.88 1.40 2.14 0.76 15.34%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
8 people like this. Showing 50 of 4,111 comments

ooihk899

It will be 30% increment starting from lowest level civil servant.
The higher level it goes, the lower the increment.
This will resulted in more civil servant eligible to
apply for loan than expected.
But most important is still the coming QR.

2024-05-02 12:48

Penguin88

13% or 30%? If getting 30% do they still need to go borrow additional money? 30% is a comfortable level for them to service existing debt instead of borrow more money?

Why everyone is thinking with increment all civil servant must need to borrow more money? In the past civil servant borrow money is because low salary, now with such increment they can be more affordable to pay bills by their own instead of relying more borrowing.

2024-05-02 13:06

ooihk899

Aiyo, got ppl dun know how to read lo!!!!!! 😄😁😂🤣
Go read more detail lo. 13% is the average.
What??? Sour grape ar? Not able to buy cheap ar? Miss the boat is it?
Let me know how much you want, I'll sell to you lo!!!
Wakakakakaka.😀😁😂😆🤣

2024-05-02 13:08

Penguin88

We are expressing our thought and opinion here for discussion and you suddenly say so much of useless words? You think everyone with opposite thought with you is sour grape? You got serious mental diseases and you forgot to eat medicine?

2024-05-02 13:28

TalkNumberOne

😂😂😂😂😂😂😂😂

2024-05-02 13:40

jeffrey1166

coming fly

2024-05-02 15:53

ooihk899

https://www.sinchew.com.my/news/20240502/nation/5576789
It's 20% to 40% increment for low level civil servant.
Minimum pay is 2K for civil servant.

2024-05-02 16:12

ooihk899

Aiyoyo, got ppl angry lo, wakakaka 😀😁😆😂🤣.
Why? Your comment make me laugh ma. Why cannot laugh meh???
I oso express my opinion ma! Cannot meh?

2024-05-02 16:19

ooihk899

Jeff, hope you're r right. For me, coming QR is more important.
If QoQ n YoY cantik., then ok lo, else ....like wat happen in end Feb lo.

2024-05-02 16:22

jeffrey1166

yaya surely qr will be nice

2024-05-02 17:43

Penguin88

Hahaha now say it opinion wor..say ppl sour grape is opinion? Joker la you with really serious mental problem lol..sia sui

2024-05-02 18:21

ooihk899

https://www.sinchew.com.my/news/20240502/finance/5577425
Maybank TP 3.02😉

2024-05-02 18:33

ooihk899

Aiyoyo, now ppl can't have opinion on other ppl wor?
Got law like that meh? 😀😄😁😆😂🤣

2024-05-02 18:42

yielder

how RCE benefit from civil servant salary increase? if they got more money, they should borrow less

2024-05-02 19:25

limch

Civil servant pay increase not Dec'24 meh? Why RCE jump 22 sen today? Today they already borrow more from RCE?

2024-05-02 20:09

multi-bagger

you've gotta understand their mentality, the more they earn means the more they can borrow

2024-05-02 20:29

limch

If Chinese pay increase meaning save more.

2024-05-02 20:31

multi-bagger

also maybank IB increased rcecap target price from 2.44 to 3.02 after the announcement

2024-05-02 20:35

AhKeat2018

Once u get used to spending future money and loan to spend, more money means more spending. They will only borrow more because the DSR allowed them to borrow more now. So, yes, with increment, they will spend more and borrow more.

2024-05-02 23:26

Penguin88

When Maybank downgrade from buy to hold with target price 2.44, the share price is still higher than 2.44. No one mention this here. When Maybank upgrade to buy now, ppl keep sharing this. Why?

2024-05-02 23:35

jeffrey1166

surely can boost up

2024-05-02 23:51

yielder

will government issue more money lending license to compete with RCE?

2024-05-03 05:37

multi-bagger

@Penguin I wish you good luck in your investing journey, I think u need it

2024-05-03 07:54

ooihk899

Never believe those IB. Do your own research.

If I'm civil servant, I do not need to save a lot since I have pension.
After I pass away, my wife will inherit my pension. So why worry.
If children cannot get scholarship, there is always PTPTN. interest
1 percent only. Now is high inflation era, money depreciate very fast.
So spend lo, if not enough money borrow lo, else if you buy later,
thing will become 10 or 15 or 20 percent more expensive.
Anyway, iron rice bowl ma.🙂 Must enjoy life ma.

2024-05-03 09:20

ooihk899

Also, government hospital medical cost is very low for civil servant ma.

2024-05-03 09:22

jeffrey1166

they all like lend money

2024-05-03 10:27

jeffrey1166

tp can set 3.8 dividend 0.1 first interim as mm start huge buying

2024-05-05 14:03

ooihk899

Jeff, even div of .09 is a big thing for RCE.
Wow, if div is really 0.1, n QR is good,
RCE sure will shoot thru the roof!!!🤑

2024-05-05 16:16

ooihk899

Thanks for the info, Jeff.
Also, It should be the final dividend they will declare the coming Q.

2024-05-05 16:51

Shogun86

Direct correlation with strong 'Buy' rating 💪
https://www.thestar.com.my/business/business-news/2024/05/06/rce-cap-to-benefit-from-civil-servant-salary-hike

2024-05-06 13:26

jeffrey1166

welcome ooi

2024-05-06 18:19

jeffrey1166

time can prove on june

2024-05-06 18:19

jeffrey1166

ya shogun

2024-05-07 20:26

calvintaneng

CALVIN TAN SAY, THANK YOU 9 MILLION TIMES FOR 9 MILLION PAGE VIEWS IN i3 INVESTORS' FORUM!"

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-10-story-h-181811054-CALVIN_TAN_SAY_THANK_YOU_9_MILLION_TIMES_FOR_9_MILLION_PAGE_VIEWS_IN_i3

2024-05-10 12:17

jeffrey1166

still undervalue

2024-05-10 17:36

jeffrey1166

coming can fly ath

2024-05-12 18:35

jeffrey1166

small corresction

2024-05-13 17:15

kritikos

sell on results, too much expectation baked into the price...

2024-05-27 09:31

jeffrey1166

keep buting

2024-05-27 10:46

cheated

Maybank IB con us?

2024-05-27 11:55

jeffrey1166

ya

2024-05-27 14:22

kimpeng

great

2024-07-22 17:52

jeffrey1166

got bi

2024-07-22 23:21

jeffrey1166

div yield hope will gain up

2024-07-22 23:22

Shogun86

Shares in RCE Capital Bhd (KL:RCECAP) surged on Tuesday, and were on course for their biggest single-day gain in more than six years, following a proposed one-for-one bonus share issue.

RCE Capital rose as much as 28 sen, or nearly 10%, its steepest climb since May 2018. The stock hit RM3.20, its highest since Jan 26, and was trading at RM3.13 at 11.30am, giving the consumer finance company a market value of RM2.32 billion.

The stock was also more active than usual, with 1.62 million shares changing hands, quadruple the 20-day moving average.

“We are positive on this proposal, as we believe that the bonus issue will enhance the marketability of its shares”, making the stock more appealing and improve the trading liquidity, said Public Investment Bank. If the proposal goes through, RCE Capital’s target price will be adjusted to RM1.56, it noted.

2024-07-23 14:10

Crooks

Shooting up soon
https://theedgemalaysia.com/node/719878

2024-07-24 10:26

bhtay23

How high can it go?

2024-08-10 13:54

klee

SAPU.

2 months ago

multi-bagger

Sui, one of the few bright spots in my portfolio today

2 months ago

Shogun86

Guys, any estimate on pricing after 1:1 bonus issue on 24 Sept?

2 months ago

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