BNM was afraid of housing debt being too high and started 2 rulings.
1) a maximum tenure of 10 years for personal financing and 35 years for residential and non-residential properties
2) prohibition of pre-approved personal financing products. We understand that it also encouraged banks and NBFIs to comply with a debt/service ratio (DSR) cap of 60% for urban borrowers with income of MYR5k/month and sub-urban borrowers with income of MYR3k/month.
Back then some personal loan was at 25 year tenure or so, this meant all the borrowers had to call in or restructure the current loans.
Needless to say many could not pay back the new amounts, and thus, they had to impair.
any stock also can trade...good bad ugly also can trade as long as price and situation is right.
BUT GENUINE INVESTORS SHOULD LOOK FOR
Good management, good business and good numbers in that order......
if it does not look right, don't get involved...much easier than analysing KYY comments.......
the next question is....u want to be contrarian or you want to join the crowd.....
see....its easy....but this ss guy is weird because he doesn't seem to have a clue....so he goes off talking about any thing every thing except stock market........
RCECAP’s business focuses on giving personal loans the B40 (Bottom 40% Earners) population and government servants. What is the loan exposure % between B40 and govt servants?
They only give to government servants if im not mistaken.
Some say certain GLC staff can get loans from co-ops as well. But i never asked.
good catch.
===
Posted by feimah > Dec 2, 2018 09:23 PM | Report Abuse
RCECAP’s business focuses on giving personal loans the B40 (Bottom 40% Earners) population and government servants. What is the loan exposure % between B40 and govt servants? =====
Dear all, Repost my comment from other blog: Dear Fabien Extraordinaire, In the world that reward mediocre, pretender and half hearted effort. A raw diamond, rare talent and passionate work are indeed a very rare to find and when one comes along into i3 community we should welcome him and if possible give him some constructive critical review and help in polishing this raw diamond into a shining star. Jon is young, well read, knowing his subjects well, articulate, passionate and has the fire/braveness inside him to confront establishment with out of box idea and fresh air. These are the qualities New Malaysia needed the most from our Y&Z generation with critical thinking that can make an impact for the betterment of society and country.
Yours question: Koon+ Bee + Choi = an awesome team a world champion My take on the above is the team would not happen and it won't work. Simple reason being their investment philosophy and thought process is vastly different from each other. Their brain is wired in a very different way.
My take: In the place I work now there is this statement from our President Director; Our Key Driver: People We believe in developing a high performance team this is greater than the sum of its parts. Our team members contribute their unique backgrounds and cultural experiences to ensure high quality products to our customers.
It is because of vastly different thought, investment philosophy and across three different generations that will make this team awesome. Of the three, someone has told me Mr. Koon’s brain had already been hard wired for so long and impossible for change but reading Koon’s latest humbling article of JAKS Forced Selling. Please don’t count Mr. Koon out from this team yet.
Yeap. They are some additional risk i did not disclose, as i was too lazy to write. But its not a fantastic company. Merely good. But at this price. Well.
Jon, may be the stock not that exciting. Hopefully the main shareholder need to do something about the share price. Haha. I don't hold any Rce...at moment?
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Posted by probability > 2018-12-02 19:51 | Report Abuse
Finally, i have achieved what i wanted....Jon's recommendation without taking out 5k from my pocket... he he
I like it. Keep it up Jon!
...........................
sifu Jon, any idea...why the revenue dipped after 2010 by almost 50% by year 2014?