Posted by SP0094701 > 2017-07-28 16:31 | Report Abuse

still sleeping cat .... next week last call for uptrend ....fast

Posted by Tan Cheng Poh > 2017-07-31 14:40 | Report Abuse

hope don't sleep forever......

Posted by yeekarwai 95 > 2017-07-31 16:17 | Report Abuse

weird

Posted by SP0094701 > 2017-08-01 15:26 | Report Abuse

useless ... no power ...Q bad result ????

Posted by yeekarwai 95 > 2017-08-01 17:00 | Report Abuse

hope not bring us to holland.

Posted by SP0094701 > 2017-08-01 21:40 | Report Abuse

No buying power even ubdervalue stock ...

Posted by Whey Whey > 2017-08-08 20:21 | Report Abuse

When will the Qtr report out?

Posted by gcke > 2017-08-09 15:13 | Report Abuse

Most probably by tmrw.Last year was on this date.Previous year in first week of August.Hope the QR y-o-y will be good so that the share price can regain the momentum upwards.

Posted by SP0094701 > 2017-08-11 14:14 | Report Abuse

ESOS lagi maksiap

Posted by yuanlong57 > 2017-08-11 21:29 | Report Abuse

SP0094701 ESOS is RCECAP's favourite weapon.

Posted by DroidnPlay > 2017-08-12 07:59 | Report Abuse

Is it a good sign? Staff bought it means confident in their earnings? Mind to shed some guidance?

Posted by Whey Whey > 2017-08-12 10:25 | Report Abuse

Weird that this counter is so quiet lately

Posted by Sigmund1118 > 2017-08-12 16:47 | Report Abuse

Good stock , should buy when price is low. Only worry is external factory cause market in bearish.

Posted by ming > 2017-08-12 18:21 | Report Abuse

Hari raya period.. government servant no taking extra loan meh

Posted by SP0094701 > 2017-08-15 20:57 | Report Abuse

why Q still didnt have ??

Posted by Whey Whey > 2017-08-16 13:36 | Report Abuse

Should be out today...just my guess

Posted by gcke > 2017-08-16 14:55 | Report Abuse

Points of Conjecture:

Normally,RCE Capital will announce the QR y-o-y around 6-13 August.But for this year it is much overdue.What can that tell you?.

1. Recent QR and for this year and the year 2016 ,the company performed well.
2.But even though last QR is better y-o-y but the stock price keeps dropping from the high reached above 1.90 to the present price at RM 1.67.
3.Normally,market can anticipate QR performance ahead of the announcement.
4. Is it this QR the performance is not better than previous QR and the QR y-o-y?
5.Or to the contrary? Better or flat?

Outcome: Odds towards not a better QR.Just to anticipate on the result prior to the announcement:-(((

Posted by Whey Whey > 2017-08-16 15:44 | Report Abuse

I disagree on that statement...i have see so many times the stock price after the Qtr report out and b4 it out it either stay flat or drop...not always the market can anticipate QR performance ahead..

Posted by Sharewitch > 2017-08-20 20:50 | Report Abuse

Isn't QR next month nut jobs

Posted by gcke > 2017-08-21 15:38 | Report Abuse

@Sharewitch this stock QR y-o-y is normally between August 7- 11,12? Why the belated announcement? Rgds.

Posted by Whey Whey > 2017-08-21 18:34 | Report Abuse

Usually the Q1 out early....why it take so long this time?

Posted by ginvin > 2017-08-21 20:10 | Report Abuse

due to bad result?

Posted by abang_misai > 2017-08-21 20:11 | Report Abuse

Yes. I was told this coming Q incurs minor losses.

Posted by gcke > 2017-08-21 22:23 | Report Abuse

@abang_misai can agree with you.Seemed the price movement (since the previous QR m-o-m) can signal something not so positive for the stock.The dividend declared 3.0cents is also another sign.

Outcome: No positive signs for the stock yet unless proven wrong:-(((

Posted by yuanlong57 > 2017-08-22 02:46 | Report Abuse

@ abang_misai, gcke Allow me to share some input regarding the impending 1QR.

There are some reliable indications of a positive 1QR ending 30 June 2017. Take note of the ESOS Exercises implemented on 14 Aug and 18 Aug.

Questions for thoughts:
1. Would RCECAP exercise ESOS (Employee Share Options Scheme) if the 1QR performance is unfavourable?
1.1 14.08.2017 18,000 units listed @ 0.6400
1.2 14.08.2017 305,000 units listed @ 1.3000
1.3 14.08.2017 220,000 units Aquisition by Ms Oon Hooi Khee @ 1.30
1.4 18.08.2017 9,137,000 units ESOS offer @ 1.48 (18 Aug closing price 1.68)

The links:
18 Aug 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5519101

14 Aug 2018
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5513765

14 Aug 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5512165

2. Why should it take RCECAP such a long time to release the 1QR?
2.1 Though traditionally the QR is due for release around 7-12 Aug, RCECAP is technically not obligated to follow
the precedent year as long as it's before end of Aug. Bursa Malaysia stipulated a two-month timeframe for
release of financial report.
2.2 The slight delay is probably to allow them to put the implementation of ESOS in place to allow the employees
to leverage on the benefits of ESOS when the 1QR is released..

3. @ abang_misai : [ ... I was told this coming Q incurs minor losses. ]
3.1 Unless the source is cited, the statement is mere hearsay.
3.3 Assuming the source is reliable, it can't be quoted for infringement of " insider information." Bursa may invite
one to Starbucks for coffee time. (joking)

4. @ gcke [ .. @abang_misai can agree with you.Seemed the price movement (since the previous QR m-o-m) can
signal something not so positive for the stock.The dividend declared 3.0cents is also another sign.]
4.1 Pertaining investors sentiment to the 3 sen dividend, RCECAP management is fully aware of this and has
adressed this issue in the annual report.
Extract from Management Discussion and Analysis (Annual Report 2017, p.20)
Dividend
In the last 2 financial years, a sum of RM165.4 million has been paid as dividends of which RM134.7 million was a
one-off special interim single-tier dividend of 10.5 sen per ordinary share. Whilst we understand shareholders’
expectations to have a consistent dividend, a balance must be struck on the use of surplus funds to cater for
business growth and to meet our financial obligations. Given the significant payout to shareholders in recent years,
there is a need to channel funds and shift the focus back to the business and to retain sufficient resources for
working capital needs. With this in mind, a final dividend of 3 sen per share for a total estimated payout of RM10.1
million is proposed, to be approved by shareholders at the 63rd Annual General Meeting.

5. This is my calculated forecast on the 1QR based on the indications of the ESOS exercises implemented recently.

Posted by DroidnPlay > 2017-08-22 08:51 | Report Abuse

Uncle Cold is in the boat,so no worry.

Posted by pputeh > 2017-08-22 09:32 | Report Abuse

yuanlong25, thanks for write up and good reasoning. If the others are here to speculate on the stock no way. This is a long term stock. Needs time to grow like Aeon credit and banking stocks. Have held Aeon Cr for 7 years. Bought rm3.90. Go do the maths, friends. bonus 2:5. in 2012

Posted by gcke > 2017-08-22 09:45 | Report Abuse

@yuanlong25,great thanks for a thorough,clear and incisive write-up. It helps to clear our minds on the pertinent questions that keep popping out.Hopefully the QR y-o-y will be good.And just in time for Merdeka!

Posted by yuanlong57 > 2017-08-22 12:55 | Report Abuse

[ pputeh yuanlong25, thanks for write up and good reasoning. If the others are here to speculate on the stock no way. This is a long term stock. Needs time to grow like Aeon credit and banking stocks. Have held Aeon Cr for 7 years. Bought rm3.90. Go do the maths, friends. bonus 2:5. in 2012 ]

Appreciate your encouragement. You have indeed brilliant insight and foresight. You put true significance in the real meaning of investing.

Posted by pputeh > 2017-08-22 14:02 | Report Abuse

Thanks yuanlong57. Investing is all about patience. Choosing a growing stock and waiting for the fruits to ripen. WBuffet, did say "the stock market is where wealth is moved from the impatient to the patient" Go figure this one out.

Posted by Wei Hong > 2017-08-22 18:18 | Report Abuse

Congrats All.

Posted by kidsplay > 2017-08-22 18:37 | Report Abuse

is this good result?

Posted by pantor > 2017-08-22 18:52 | Report Abuse

Good. Up 19% year on year. PE only 6.8.

Posted by yuanlong57 > 2017-08-22 18:56 | Report Abuse

BREAKING NEWS ... Outstanding performance!
Wow, wow, wow. All our anxiety has finally been put to ease.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5522229

Posted by yeekarwai 95 > 2017-08-22 19:08 | Report Abuse

Result very good. i am worrying this few days due to keep delaying the date of release QR.
im totally relax now.

Posted by ginvin > 2017-08-22 19:15 | Report Abuse

abang_misa, I wonder where your info from? takda losses, tapi banyak profit!

abang_misai Yes. I was told this coming Q incurs minor losses.
21/08/2017 20:11

Posted by Aries > 2017-08-22 19:25 | Report Abuse

Now RCECAP is so undervalue.

Posted by yuanlong57 > 2017-08-22 19:50 | Report Abuse

From theedgemarkets.com
Billy Toh/theedgemarkets.com
August 22, 2017 19:35 pm MYT

KUALA LUMPUR (Aug 22): RCE Capital Bhd's first quarter net profit grew 19.4% to RM20.93 million from RM17.53 million a year earlier, on higher net interest income as well as relatively stable loan impairment.

Earnings per share for the quarter ended June 30, 2017 rose to 6.18 sen from 5.40 sen previously, the group said in a bourse filing today.

Quarterly revenue increased 9.9% to RM57.10 million from RM51.94 million in the previous corresponding quarter.

RCE said its consumer financing segment's pre-tax profit rose 17.6% to RM26.1 million from RM22.2 million.

The investment holding, management services and others segment also saw a slightly higher pre-tax profit of RM1.3 million as compared to RM1.2 million previously, due to lower interest expenses.

Moving forward, the group said its focus is on streamlining its operational, channel management and risk management infrastructure.

"Prudent credit criteria and collection systems are further refined to maintain quality receivables portfolio. Meanwhile, technological enhancement and process simplification initiatives to elevate operational efficiencies continue," the group said.

RCE expects to report modest growth in its consumer financing segment as it continues to embrace industry's best practices.

RCE's share price slipped by 1.2% to close at RM1.65 with about 468,700 shares traded, giving a market capitalisation of RM562.6 million.

http://www.theedgemarkets.com/article/rce-capital-1q-net-profit-194-rm209m-higher-net-interest-income

Posted by ginvin > 2017-08-22 19:55 | Report Abuse

wake up tomorrow please

Posted by suregain > 2017-08-22 19:56 | Report Abuse

All the way to rm2

Posted by Whey Whey > 2017-08-22 20:02 | Report Abuse

I wonder how market will react to it

Posted by caven > 2017-08-22 20:03 | Report Abuse

RCECAP - The Hidden Gem

ROE = ~17% (Maybank <10%)
Net Profit Margin = ~37% (Maybank <16%)

Both indicators are better than lots of banking stocks.


Q1'18:

Due to stable loan growth, EPS = 6.18 cents..

Trailing 12 months, EPS FY2018 = ~24 cents

Taking at conservative PER 10x, TP = RM 2.40
Taking at more aggresive PER 12x , TP = RM 2.88


Feel free to judge yourself ~

Posted by yuanlong57 > 2017-08-22 20:31 | Report Abuse

Good evening, Caven and RCECAP forum members.

Thanks to Caven to pitch in with an analysis supported by financial ratios.

Posted by Whey Whey > 2017-08-22 21:34 | Report Abuse

If we give another 20% discount PER x8 is =1.92

Posted by Whey Whey > 2017-08-22 21:35 | Report Abuse

NTA improve to 1.37

Posted by ming > 2017-08-22 22:26 | Report Abuse

That's y still holding it.. but revenue not growing much jor

Posted by Whey Whey > 2017-08-22 23:13 | Report Abuse

Revenue usually Q1 is most weaker, means it going to get better in coming Qtr...u can checked the history..

Posted by yuanlong57 > 2017-08-23 06:10 | Report Abuse

Today, let's all see how the market efficiently works to vindicate RCECAP as an undervalued financial gem by placing it at its due level of price premium.

Its intrinsic value and worth should be rightly unleashed for what it is worth. RCECAP can indeed stay tall with its other big brother banking stocks in terms of its consistently sterling performance.

Posted by Aries > 2017-08-23 08:13 | Report Abuse

The merger between RHB n AMBANK might b the uncertainty faced by RCECAP. Now it is OFF, let's see how it goes.

Posted by Whey Whey > 2017-08-23 08:14 | Report Abuse

Well this gem didnt get much attention lately since last Q4