RCE CAPITAL BHD

KLSE (MYR): RCECAP (9296)

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Last Price

1.94

Today's Change

0.00 (0.00%)

Day's Change

1.94 - 1.95

Trading Volume

206,400

Financial
Market Cap

Market Cap

1,445 Million

NOSH

741 Million

Latest Quarter

Latest Quarter

30-Sep-2022 [#2]

Announcement Date

21-Nov-2022

Next Quarter

31-Dec-2022

Est. Ann. Date

24-Feb-2023

Est. Ann. Due Date

01-Mar-2023

QoQ | YoY

13.39% | 15.84%

T4Q Result

Revenue | NP to SH

311,019.000 | 135,006.000

RPS | P/RPS

41.97 Cent | 4.65

EPS | P/E | EY

18.22 Cent | 10.70 | 9.34%

DPS | DY | Payout %

26.68 Cent | 13.68% | 146.43%

NAPS | P/NAPS

1.23 | 1.59

QoQ | YoY

3.84% | -0.55%

NP Margin | ROE

43.41% | 14.87%

F.Y. | Ann. Date

30-Sep-2022 | 21-Nov-2022

Latest Audited Result

Latest Audited Result

31-Mar-2022

Announcement Date

27-Jul-2022

Next Audited Result

31-Mar-2023

Est. Ann. Date

27-Jul-2023

Est. Ann. Due Date

27-Sep-2023

Annual (Unaudited)

Revenue | NP to SH

299,457.000 | 133,169.000

RPS | P/RPS

40.41 Cent | 4.83

EPS | P/E | EY

17.97 Cent | 10.85 | 9.22%

DPS | DY | Payout %

10.86 Cent | 5.57% | 60.44%

NAPS | P/NAPS

1.18 | 1.66

YoY

6.85%

NP Margin | ROE

44.47% | 15.29%

F.Y. | Ann. Date

31-Mar-2022 | 30-May-2022

Annualized Result

Revenue | NP to SH

318,838.000 | 137,538.000

RPS | P/RPS

43.03 Cent | 4.53

EPS | P/E | EY

18.56 Cent | 10.51 | 9.52%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

6.69% | 2.74%

NP Margin | ROE

43.14% | 15.15%

F.Y. | Ann. Date

30-Sep-2022 | 21-Nov-2022

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 2 / 4 50.00% 2 / 8 25.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Adjusted EPS Growth 2 / 4 50.00% 2 / 8 25.00%
Total Dividend Years 2 / 4 50.00% 4 / 8 50.00%
Continuous Quarters Of Dividend 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 4 25.00% 1 / 8 12.50%
Average ROE 3.86% 4.12%
Average Net Profit Margin 43.39% 44.27%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 5 / 5 100.00% 8 / 10 80.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Profit Growth 5 / 5 100.00% 8 / 10 80.00%
Continuous Quarters Of Adjusted EPS Growth 5 / 5 100.00% 8 / 10 80.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend Growth 5 / 5 100.00% 5 / 10 50.00%
Continuous Quarters Of Adjusted Dps Growth 5 / 5 100.00% 5 / 10 50.00%
Average ROE 16.26% 11.55%
Average Net Profit Margin 39.70% 30.12%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 311,019 318,838 299,457 219,899 276,800
NP to SH 135,006 137,538 133,169 71,077 110,519
Dividend 197,693 336,848 80,491 46,278 44,076
Adjusted EPS 18.22 18.56 17.97 9.59 14.91
Adjusted DPS 26.68 45.46 10.86 6.25 5.95

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 5.28% 17.09% 7.82% 5.15% 6.93%
NP to Owner 13.39% 15.84% 2.74% 8.27% 7.97%
Dividend 0.00% 561.14% 561.14% 240.78% 442.71%
Adjusted EPS 13.36% 15.81% 2.74% 8.24% 7.94%
Adjusted DPS 0.00% 561.17% 561.14% 240.79% 442.74%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 3.86% 12.36% 41.44% 6.47% 15.19% 44.99% 2.04% 8.19% 36.18%
NP to Owner 1.38% 22.16% 89.94% 3.28% 24.45% 93.50% 6.85% 20.49% 87.36%
Dividend 145.61% 348.53% 327.18% 318.49% 664.24% 627.86% 72.66% 82.62% 73.93%
Adjusted EPS 1.38% 22.16% 89.94% 3.28% 24.45% 93.50% 6.85% 20.49% 87.36%
Adjusted DPS 145.61% 348.53% 327.18% 318.49% 664.24% 627.86% 72.66% 82.62% 73.93%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
8 people like this. Showing 50 of 3,822 comments

Iseeyoubuy

Another good time to buy in...

2022-01-06 06:30

ss2760

when are we expect the bonus share in our account ?

2022-01-07 17:35

Moolala

17 jan

2022-01-07 23:07

mf

Dow Jones 35,911.809 -201.81 0.56%

2022-01-16 23:31

Iseeyoubuy

I will accumulate this share for the long term. Expecting strong recovery for 2022.

2022-01-17 14:58

blackchicken

The Japanese Nikkei 225 index is up 2.1% now...

2022-01-28 11:21

wallstreetrookie

An MSCI gauge of Southeast Asian, or Asean, equities fell less than 2% this week and rose to an 18-month high relative to the Asia benchmark, which slumped almost 5%.

“Asean is now less vulnerable than in the past as current account balances have improved and valuations on equities, bonds and currencies are less demanding,” UBS Group AG strategists including Niall MacLeod wrote in a note Thursday. “Markets are in a much better position relative to 2013.”

Bloomberg | Markets

2022-01-31 05:50

Iseeyoubuy

After CNY, RM2.5-RM3, everything increase after CNY even Tenaga stock buy call

2022-02-03 09:36

supersinginvestor

Very good price to top up

2022-02-07 18:02

supersinginvestor

Undervalued gem.
Buy and hold

2022-02-09 10:12

ooihk899

Wah, unker is back le, huat lo.

2022-02-09 12:25

ooihk899

Unker, why ppl flag you in UP forum?

2022-02-09 12:27

supersinginvestor

Cos i ask good question on UP.
I asked why up got so much money in cash never do anything for shareholders.
Never give us back n never buy back shares
So people angry..

2022-02-09 14:10

supersinginvestor

I got UP wont sell just keep in freezer but not happy with it.
Cos their management dont care for shareholders...only care for employees

2022-02-09 14:13

ooihk899

Not true ma, now they have dividend policy wor. 80% profit distributed lo. Must keep some for future acquisition of plantation like Pinehill estate in 2019 ma.

2022-02-09 15:38

ooihk899

unker, RCE you dare to keep in freezer or not??? hahaha

2022-02-09 15:39

supersinginvestor

UP tipu la. They wont do. Lies.
Their management good planters but bad fund managers. Cheats.
Rcecap can keep long term cos nice dividend too n price stable.

2022-02-09 17:53

supersinginvestor

UP got very high cash u check..
Better buy klk n invest in that the potential.is much much more they oso big dividend now

2022-02-09 18:08

ooihk899

Unker, UP cash only 560m only ma. Keep for expansion lah. Like Pinehill already cost them 400+m lo. Unker, if want talk about UP we go to UP forum better lo.

2022-02-09 21:52

Dakewlest

Sifu, just wondering, with interest rate hike, how this going to affect rcecap?

2022-02-10 01:43

supersinginvestor

Rcecap will increase income.
Its positive.
Cos our rates likely capped at 3 to 3.5%

2022-02-10 10:04

ooihk899

Wah, good to see Unker talk like Sifu now.

2022-02-10 12:11

maximus .

wondering when the digital banking license annouce....

2022-02-17 20:47

alexnada

Next month

2022-02-18 18:42

blackchicken

good QR results

2022-02-24 18:24

Moolala

results ok, financing receivables picking up again, looking forward to future QRs

2022-02-24 19:42

supersinginvestor

Good qr..

2022-02-24 20:42

unicornbird

Will government allow more competitors to lend to civil servants? If so, RCE's monopoly status will be gone?

2022-03-05 12:28

ooihk899

????? Bro, do your homework before comment. Better stay out of the market now if you don't have a clue.

2022-03-05 12:35

Iseeyoubuy

Buy in now!!!! Last call...

2022-04-21 06:53

ooihk899

Iseeyoubuy, please share the info why buy in now.

2022-04-21 09:17

sheldon

Anyone has any idea as to the amount of ESOS outstanding.

2022-04-26 09:48

alexnada

Major shareholders are buying again. is this a sign that RCECAP is performing very well?

2022-06-08 14:20

ooihk899

He made several purchases in September last year. After that, the price shot up, announced bonus issue.... Hopefully this time will be the same.

2022-06-08 18:29

alexnada

Will history repeating itself again?
Damn, I am tempted to login some...

2022-08-23 18:14

sheldon

Don't you guys find this rampant issuance of options, the latest being for 19.1m shares disturbing?

1 month ago

blackgold77

good QR coming? been sneakily going up

3 weeks ago

cwc1981

Got a bit movement

3 weeks ago

ooihk899

If QR is good then will move up lo. If Impairment loss is reduced then it should be a good QR.

3 weeks ago

ooihk899

Laughing all the way to the bank, dividend 23 sen!!!!!!!!!!!!!!!!

2 weeks ago

cwc1981

Licensed ah long sure good business

2 weeks ago

ooihk899

Ya, quater result break previous record high

2 weeks ago

Moolala

wow wow wow!

2 weeks ago

sheldon

Well done management!

2 weeks ago

cwc1981

Bad timing if not because of GE sure already 2

2 weeks ago

ooihk899

Bro, this company is more suitable for long term investment, it is for dividend. No need to look at price.

2 weeks ago

observatory

There is another article about RCE on The Edge Saturday. There are a few key points:
1. Interviewed analysts believed loan loss provisioning due to many civil servants leaving their jobs may have peaked. In fact, provision for the latest quarter has come down.
2. Maybank expects RCE earnings to normalize because 2Q earnings were boosted by early settlement income as customers wanting to lock in lower rates before rates move higher.
3. RHB pointed out that given most of RCE’s funding is on a fixed rate basis, the impact of higher funding rate affects only new sukuk issuance.

1 week ago

ooihk899

I believe the management anticipate a better future earning, that's why they declare a special div of 18 sen. Even the interim div also being increased to 5 sen.

1 week ago

observatory

RCE has a dividend policy of 20% to 40% payout. Despite the increasing payout ratio in the last few years, and in fact payout exceeded 40% in FY22, it has accumulated too much equity capital given the business has been growing quite slowly.
Take for example, over a period of 4.5 years from end Mar 2018 to end Sep 2022, shareholders’ equity has increased 76% from RM519m to RM912m. However total financing receivables only increased 21% from RM1.5b+ to RM1.8b+.
This is probably to motivation to return underutilized shareholder’s equity.
Maybe this is the request from its major shareholder. Still the management deserves praise for being responsible to shareholders.

1 week ago

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