Heng0202's comment slightly overstretched the imagination. RCECAP outstanding performance from personal loan financing segment amounts to about 1% of the 1.3 million civil servants. Most take loans for car purchase, motorcycle, housing & living essentials. To borrow solely for 'playing' or 'gambling' in Bursa is definitely off the mark. No brainers' investment in ASB, EPF would be enough, no need for risks in Bursa.

Chart shows drooping RSI & MACD curve.

Sudden spike today! Anything brewing?

Cyclical or erratic, somehow things will eventually normalize to its correct level. Tough times don't last; only tough companies do.

Sharesa, thanks for the update. Unfortunately, this MD ISA is stingy with dividend. He doesn't intend to increase dividend distribution. Instead, he unilaterally wants to invest the earnings into unit trust, etc. He conveniently forgets the support of investors who help sustain the company's market capitalization and share strength.

May be Fibonacci retracement ratios will help.

cy91, don't despair. Buy high, sell higher. L.O.L

Bravo, MIKROMB.

Wah, MMSV got so much firepower! Go, go, go.

NTA 0.25 , 0.865, RSI > 70, Bursa Indexes all red, profit-taking market sentiment, Bursa warning of "PnD" risk, e-commerce theme play, these ingredients serve as guiding indicators?

Yes, good company. Should be even better after listing in the main board.

I think the price will continue to see-saw for quite some time before it fires up with a rally. The problem lies with the company fixing the ex-date so far forward at 25 June. That's about more than two months. Around these months of Jan - March many companies are releasing quarterly reports and attractive dividends which compete for investors money.

If investors know that the fundamentals of the company are good, they will come to the counter. Human pyschology works in strange ways that people tend to buy earnestly when the dateline nears.

Wah, still hot after ex-date! Any element of engineered "frying?"

C.Sappinit, in a way it is good as the company is protecting the share price from (unfairly) going further down. At 17 March closing of 1.76 (less 0.14 sen ~ 1.62), investors are getting a nice discount to its NTA 2.1878. Protecting share price is protecting shareholders interest.

From another angle, the share buyback hints that the company's financial condition is healthy - strong cash reserves. The company has to sustain the price for about three over months when it goes ex-date.

Negatively, if the share is allowed by the market to determine, its true value may be badly bashed up and distorted. The company loses, shareholders lose too.

Don't worry too much about the present 'noises' of its share price dropping. One must remember that CSCSTEL is a cyclical stock so it is natural to undergo occasional 'dips' in the course of its business cycle.

There's a saying, 'one shallow does not make a summer and reversedly, 'one bad summer does mean that there won't be any more shallows in other summer. '(emphasis, mine)

The important thing is, how has the company been performing over the past years? Has its performance been consistent? What's the financial health of the company - its gearing ratio, management efficiency, cash reserves, etc.

Didi2005, C. Sappinit, I think the company is referring to getting shareholders consensus to buy back its own shares at desired price level to protect & prevent share price from falling further.

Vehicle sales up 12% in February, says trade body (MAA)
http://www.thestar.com.my/business/business-news/2017/03/17/vehicle-sales-up-12pct-in-february-says-trade-body/

Despite everything, Mr Sia's press conference came in timely to spark off the rally. Agree with F. Soweto that Sia should prove himself by ' the proof of the pudding is in the eating,' rather keep on babbling.

MMSV DOUBLE-DIGIT GROWTH IN 2017
http://www.thestar.com.my/business/business-news/2017/03/13/mmsv-eyes-doubledigit-growth/

Company makes target after rising demand from smartphone makers
PETALING JAYA: MMS Ventures Bhd (MMSV) is targeting a double-digit growth for its earnings and revenue for the current financial year ending Dec 31, 2017 (FY17) after a flattish FY16, thanks to increasing demand from smartphone makers.
Its chief executive officer Sia Teik Keat told StarBiz that there were “more than enough” orders for the first and second quarters so far for FY17.
“We are targeting to record double-digit growth for FY17 in both top and bottomline.
“We see increasing demand from smartphone manufacturers who need to refresh their products,” Sia said.
“We are operating in a highly cyclical industry and it can be quite unpredictable sometimes.
“For now, the smartphone manufacturers in the supply chain are needing to refresh the product space to cater for the newer smartphones that will come out later this year.
“From what I understand it will be a big change from previous models,” he added.
MMSV is a test equipment manufacturer which makes specialised machineries to optically and electrically test LED components that are used in various industries including smartphone manufacturing, automotive and general lighting industry. The smart devices industry constitutes about 50% of MMSV’s total orders.
“In order of volume, the smart devices industry is the biggest contributor to our company followed by the automotive and general lighting segments,” he noted.
“We get this semblance that the first half of the year would be good, from the orders we are receiving now. In the first and second quarter we could record topline growth of up to 20%. The third and fourth quarters are still unknown now,” Sia said.
It has been widely reported that the next iteration of the Apple iPhone would have major significant changes to its exterior and interior hardware modules that could shore up additional demand for the product.
Apple usually has their new product launch in the third quarter of the year.
MMSV recently reported its fourth quarter FY16’s results that saw net profit growing by some 267% to RM2.53mil on the back of revenues growing to RM4.87mil from RM4.52mil a year ago.
For the entire FY16, the company recorded a rather flattish performance, but bottomline still grew slightly to RM9.52mil from RM8.08mil in the previous year.
In the entire FY16, toplines grew slightly to RM35.58mil from RM31.29mil.
Its financial statements attributed the improved profit performance in its fourth quarter to higher gains from other operating income due to the much higher foreign exchange gains as the US dollar strengthened further against the ringgit in the fourth quarter of FY16 compared to the same quarter of the previous year.
Revenue for the fourth quarter also improved as the company was able to secure higher orders from its customers as a result of increase in demand from its client’s end customers.
Commenting on its results, Sia says that if these foreign exchange gains are stripped out, the net foreign exchange gain for last year would constitute to about 10% of total revenue and profit.
“When the ringgit weakened we get a foreign exchange gain from that as 65-70% of our sales are quoted in the US Dollar. We are paid within 60 days of invoicing,” he says.
Moving forward, the company which is now housed in the Ace Market also aims to eventually migrate to the Main Board of Bursa Malaysia.
“This will give us increased exposure to more funds and investor base and it will be a good move for us. We are hoping that the move will happen by the third quarter or by the end of the year with our anticipated growth in revenue and profit,” Sia said.

Read more at http://www.thestar.com.my/business/business-news/2017/03/13/mmsv-eyes-doubledigit-growth/#fAQzUZf8cViDwXYi.99

From the 6%/6 sen dividend issue, I have found out that there are many experienced, helpful, tactful and fellow-protective counter members.

Thumbs up to all the solidarity and camaraderie among counter members. A good learning curve of what a forum should be - warm sharing, helping one another and winning together.

This is not so in some forums. Acrimonious quarrel, vulgar language, seniors belittling junior members, sarcasm, etc.

Thanks ULTRAINVESTOR for the meticulous patience to explain the issue bit by bit. Not to forget JASON LIM for discussion based on rational logic and firm conviction.

LA777 for his passionate innocence to share but misinformed by the remisier.

The whole issue shows that no one is free from faults or errors, even Bursa or so-called authorities.

Not to forget the impact or repercussions caused by such human errors or lapses.

It is oddly strange that the amended announcement was put up in cold, steely wordings without any accountability of apologies from relevant parties.

Never mind, LA777. You're doing in good faith.

Ultrainvestor, thanks for educational clarification.

Final resort, call the company to confirm. No big deal.L.O.L.

Quarterly report
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5353141
Proposed dividend per share stated as 0.60 sen.
If taking par value 0.10 sen into consideration, then 0.10 x 0.60 = 0.06 sen.

Albukhary, this Bursa announcement.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5360721

6 sen may be correct. If I can still remember, I understand that there is an amendment to Bursa rules. PAR VALUE is no longer practised.

Chart looks promising. RSI ascending power. I believe MIKROMB will excel.

Can break 0.595 today and move beyond ...?

nkk53, you have 'fortune-teller' touch?

Won't see much big price movement. February many companies releasing QR reports & giving dividends. Very competitive as investors cautious & money diluted over many counters.

No, I mean figuratively, will MIKROMB price explode higher IF it has strong cash earnings to give 6% dividend + another special dividend?

IF MIKROMB gives a special dividend, MIKROMB share price will become micro bomb. Wondering its cash position strong enough?

MAA acronym for Money Always Arrive?

Candygirl, not exactly.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5353985

The Company had on 16 February 2017, announced that Bursa Securities had vide its letter dated 16 February 2017, granted an extension of time of up to 30 June 2017 to submit the Plan to Bursa Securities. In this respect, the Board of Directors of the Company wishes to inform that [ the Company is still in the midst of formulating the Plan] to regularise its financial condition and will submit it to Bursa Securities for approval.

This announcement is dated 1 March 2017.

MIKROMB has a steady and consistent performance over the past few years. With the coming of IOT(Internet of Things) technology, MIKROMB will be kept busy with steady orders.

The EDGE towkay, Tong Kooi Ong is holding 30,000 units at avearge 0.47 sen using sophisticated trading software algorithms. Just follow 'taikoh' Tong to ' tumpang sedikit rezeki '.

Yes, let's hope for MIKROMB to grow and perform greater than before!

Michaelwong, at point of comment, (QR not released yet) I was assuming that QR results must be good. The management wants to reward its employees through the ESOS offering them shares at low price and letting them sell at rally price. Secondly, the new 85,000 shares will serve as a good kickstart at 1 March to keep and sustain the share price at a high momentum and at desired levels. I noticed that RCE Capital has successfully employed this ESOS strategy many times.

Bravo.

QTR 2 results released. 0.02 sen dividend.
http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2739296

MIKROMB going north tomorrow? Company management announced today 85,000 new ordinary shares will be listed 1 March 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5350637

So much soothing news.

Impressive 3QR Results!

Skay, agree with you. All people need daily necessities like rice, cooking oil, sugar, etc. Hence relatively stable revenue. Don't underestimate SMALL. Many things begin in a small way. Even big companies begin with a small share price. The important thing is the strategic locations of these things. Professional valuers have been engaged to determine the economic viabilities of such locations. (See prospectus) Be patient. The management set their KPI of giving 100% returns in 2017. Just patiently wait for the QR.

Too many family-related people in the management. The same people running the business for years, need new top-performing executives with fresh ideas.

FOCUS MALAYSIA, NOV26-DEC2 2016, On MREITS
https://drive.google.com/file/d/0B4bbwucqpGkAakVwa0YybTdsTlk/view?usp=drivesdk

Ahbi, great job for the comparative forensics.

Noah, thanks for your input.

Noah, this is precisely the point I'm trying to make. Someone earlier in the forum rebutted with a worst-case scenario of overborrowing by RCE borrowers who borrow from other sources as well which result in they being unable to service their debt burden.

This sort of 'worst-case scenario' seems too far-fetched and overstretch one's imagination. Remember:
1. Loan approvals are based on the civil servants job categories, the amount they qualify, their basic livelihood commitments and their ability to pay their loans.

2. RCE has been steadily clearing 'bad loan impairments' especially the 2013-2014 period right until 2016.

3. The prudent RCE management has successfully solidified its financial fundamentals through the cash repayment and share consolidation exercise.

4. RCE is focused on loan quality with implementation of CCRIS which screens the financial integrity of its borrowers.

5. Is it logical for the majority of RCE civil servants to risk their job and livelihood (grave disciplinary implications) through reckless borrowings that can impact seriously on RCE revenue?

Good point, sigmund1118.

Skybursa, excellent money management.