KLSE (MYR): RCECAP (9296)
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Last Price
1.74
Today's Change
+0.04 (2.35%)
Day's Change
1.67 - 1.74
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6,273,900
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yuanlong57
1,528 posts
Posted by yuanlong57 > 2016-09-09 05:18 | Report Abuse
WHY WILL RCECAP CONTINUE TO PERFORM?
Factor 6 - Consumer loan financing
RCECAP has a stable consumer loan base and is still growing. According to Mr Loh, this customer base is stable (1.6 million civil servants) because of their ability to repay their loans. Loan repayments are done through monthly pay deductions. Borrowers don't see them, meaning no see, no pain.
Household Debt to GDP ratio of 89.1% reveals Malaysians are borrowing a lot.
http://www.thestar.com.my/business/business-news/2016/08/30/khazanah-malaysians-borrowing-too-much/