KLSE: RCECAP (9296)       RCE CAPITAL BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.65   0.00 (0.00%)  0.00 - 0.00  0
Analyze this stock with MQ Trader system


Market Cap: 609 Million
NOSH: 369 Million
Avg Volume (4 weeks):868,825
4 Weeks Range:1.62 - 1.81
4 Weeks Price Volatility (%):
52 Weeks Range:1.42 - 1.81
52 Weeks Price Volatility (%):
Average Price Target: 1.95
Price Target Upside/Downside: +0.30
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#2]  |  11-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  26-Feb-2020
T4Q P/E | EY: 6.08  |  16.45%
T4Q DY | Payout %: 5.66%  |  34.40%
T4Q NAPS | P/NAPS: 1.6939  |  0.97
T4Q NP Margin | ROE: 36.89%  |  16.02%


Date Subject
18-Nov-2019 Malaysia Stock Analysis Report – RCECAP (9296)
15-Nov-2019 【RCECAP 股东大会详情】
15-Nov-2019 热门股:RCE资本上挑RM1.84
15-Nov-2019 Trading Stocks - RCE Capital
14-Nov-2019 【视频】RCE资本 估值低前景唱好
12-Nov-2019 [转贴] 5分钟看懂 RCECAP(9296) 2020年 Q2季报 ~ 第一天
29-Oct-2019 RCE Capital Bhd - Steady and Attractive
27-Oct-2019 [转贴] RCECAP年度股东大会 - 股你唔到
26-Sep-2019 RCECAP 股东大会的故事~
15-Sep-2019 Top Points 2 List:BAUTO (5248), RCECAP (9296), CRESBLD (8591)
07-Sep-2019 RCECAP 业绩猛飙,股价却没什么涨?
29-Aug-2019 [转贴] RCECAP 股东大会 28-8-2019 @ Tropicana Golf & Country Resort ~ 第一天
22-Aug-2019 [转贴] 5分钟看懂 RCECAP(9296) 2020年 Q1季报 ~ 第一天
29-Jul-2019 Trading Stocks - RCE Capita
29-Jul-2019 M+ Online Technical Focus - 29 Jul 2019
29-Jul-2019 Daily Market Update - 29 Jul 2019 (AEON, RCECAP)
15-Jun-2019 (CHOIVO CAPITAL) The Black Swan Hidden in RCE CAPITAL (RCECAP)
04-Jun-2019 资产质量持稳‧REC资本遇外围逆风
29-May-2019 [转贴] 2019年第一天精选好公司之第二集 ~ RCECAP (9296) ~ 第一天

Business Background

RCE Capital Bhd is engaged in the business of investment holding and provision of management services. The company operates in two segments: Consumer financing which is involved in general consumer loan financing; Investment holding which is involved in investment activities, provision of management services and provision of factoring and confirming. The group operates substantially in Malaysia.
Trade this stock with T+7 trading account. Find out more.

  7 people like this.
antoniomc27 Thanks for your comments Philip, always a pleasure to read you.
22/08/2019 8:54 PM
VSLSB Agreed with Philip. If RCECAP wants to improve their value, they should consider venturing into collatarised loans business (i.e. housing loan, car loans etc.) and diversifying their customer bases to include GLC employees as well.
24/08/2019 11:06 AM
calvintaneng Rcecap is based of Govt Servant salary deduction

So there is margin of safety. It has an edge.

Calvin buy call was 27.5 sen for Rcecap

After 7.5 sen cash payout Rcecap was 20 sen

Then 4 merged into one =80 sen

Now Rcecap up almost 100% - better than many banking stocks


The edge of Mbsb Bank is its low cost of fund and high interest loans already locked in when it was Mbsb society

This enhanced margin of super profits will propel it up like Rcecap



01/09/2019 10:25 PM
RainT good insight from Philip
10/09/2019 3:21 PM
Choivo Capital As always phillip, your analysis fails to take into account Expected Value.
20/09/2019 10:42 AM
Philip Greta As always choivo your analysis doesn't take into account making a profit of make much sense at all. How is your rcecap investment doing?
21/09/2019 6:40 PM
Choivo Capital I sold at 1.65 due to better opportunities. Thinking of buying again.
24/09/2019 11:43 AM
VSLSB @Johnathan Choi: Didn't you write an article about a potential black swan behind RCECAP from Angkasa loans being dished out indescriminately? Despite the fact, why would you still go into RCECAP?
25/09/2019 1:07 PM
reloy can anyone chip in on Orion will affect the loan market now that they have a 15 tie-up with angasa thru MyAzZahra portal? a direct competitor to rcecap?
25/09/2019 1:23 PM
TakeProfits Hello, where is MR CHOIVO CAPITAL..MISS YOU MAN!!
28/09/2019 4:57 PM
Choivo Capital The problem is not the loan being dished out indiscriminately, they do well in their credit assessment etc.

Its in the potential of the ANGKASA codes being given to banks, instead of just Co-ops. This is my main worry.

I'm still thinking about buying some back, not as large as my previous position, but some. Once i get a little more clarity on the political sentiment regarding government servant loans.

Having said that, the market now does show quite a few interesting opportunities, that do not any political risk. Which is nice.

Hello TakeProfits,

How are you enjoying your BIMB WA profits? Haha. Despite thinking so much about BIMB warrants and the company, i didnt buy a single warrant. Shame.

VSLSB @Johnathan Choi: Didn't you write an article about a potential black swan behind RCECAP from Angkasa loans being dished out indescriminately? Despite the fact, why would you still go into RCECAP?
25/09/2019 1:07 PM
28/09/2019 6:21 PM
TakeProfits Jon Choi, to tell you truth, I did not hang onto bimb warrants. Was a shit decision. Is a a hard market. If we buy now which seems pretty now now. But the question is when will life return.to.Bursa?? Patience I guess
04/10/2019 9:20 PM
Choivo Capital Id rather Bursa stay dead tbh.
01/11/2019 4:43 PM
Outliar Results just keeps getting better
11/11/2019 5:35 PM
Choivo Capital I'm only worried about the gov giving out angkasa codes to retail banks.

Decisions decisions decisions.
11/11/2019 6:18 PM
Choivo Capital Yeah, no shit sherlock, but with NIM of around 6% net, if you can do direct deduction, which banks now cant, it becomes quite lucrative.
11/11/2019 8:42 PM
Pc Tan good profit and dividend,but share price wanna to move up!
11/11/2019 8:43 PM
GLNT Awesome results!
11/11/2019 9:29 PM
apple168 Government are planning to cut down the number of civil servants, by privating government agencies, which we can see Telekom, Tenaga, Pos etc...

Expecting banking sectors interest rate going down in coming months. This makes loan from RCECAP less attractive.

All in all, RCECAP not worth such high valuation.
12/11/2019 8:47 AM
cheemeng79 apple168, by saying that valuation not attractive....are you refering to PE ratio, book balua or free cash flor
12/11/2019 9:08 AM
cheemeng79 Pe ratio, book value or free cash flow?
12/11/2019 9:10 AM
GLNT What apple168 means is RCE should trade at zero coz it's a bankrupt company. Forget its PER, PBV, FCF, Dividends etc.
12/11/2019 9:25 AM
GLNT More and more 'geniuses' are coming up with unimaginably outrageous comments.
12/11/2019 9:27 AM
PotentialGhost Very funny this stock , profit keep incresing every qtr divinded also keep incresing . But still so much people keep selling this shares.
12/11/2019 9:43 AM
GLNT All scared to lose, rise a bit throw already lah. With so many throwing bricks on this stock in i3investor, hard to rise la.
12/11/2019 10:19 AM
Robert Foo Good to buy , dividends up every year.
12/11/2019 10:48 AM
GLNT Hahaha! ICAP? Hahaha!
12/11/2019 5:33 PM
danielleesing RCE Capital Bhd posted a 4% increase in net profit to RM24.12 million in the first quarter ended June 30 on the back of higher net interest income and interest income from deposits with licensed financial institutions. Earnings per share rose to 7.03 sen, from 6.81 sen previously.

In a filing with Bursa Malaysia, RCE Capital reported revenue grew 5.9% to RM66.94 million.
12/11/2019 5:36 PM
dlau8899 Good dividend stock, with stable income
12/11/2019 9:21 PM
GLNT 1.70 and above likely over next few weeks.
13/11/2019 9:17 AM
Sohai Trader steady and slow moving stocks.... good fundamentals, need a lot of patience....
13/11/2019 5:09 PM
monkeyinvestor okay time is come break new high soon!
14/11/2019 2:54 PM
kaleemtheman RCE Capital Bhd - up eight sen to RM1.70

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
14/11/2019 3:08 PM
Outliar I think it's highly unfortunate that Choivo boy being the biggest proponent of RCE is not able to reap its full and long term rewards
14/11/2019 4:18 PM
DTZW 1882 sold today...thanks~~~RCECaptial
14/11/2019 6:12 PM
gladiator The chart shows high volume strong momentum. Kyy buying?
14/11/2019 8:11 PM
Choivo Capital To an extent, i feel like vomiting blood. But every time i read my article detailing why i sold it, i don't think my reasoning is wrong. I just wonder to myself, why i never bought back a much smaller position 1-2 months ago.

The same question i ask myself on MAGNI when it was RM4, i looked at it for so long.

And Jaks at the start of the year, when i ask myself why was i so preoccupied with KYY's financial assumptions which did not seem right to me. I valued it RM1.34, while KKY numbers seem to indicate bankruptcy. And not correcting my error despite KC telling me my numbers are probably wrong.

Nestle in 2017 when it was 70 bucks.

Why i sold WCE late this year (small position thank god)

Ranhill, oh my god. I looked at it last year, and even did a full comparison vs every utility co in malaysia. And i did not buy a share despite thinking it was cheap.

MAGNUM and BJTOTO. Not that unforgivable this one.

Genting C78, when i bought so damn slowly and hesitated for so long, resulting in my position being only 30% of what i want it to be.

GADANG-WB which i basically recommended in my article in Dec 2018. Super tiny position

PTRANS, looked at it for so long at 19 sen.

I think i focused too much on my job this year (i have not gone back before 9pm in close to a year) vs, stocks. Next year must be different.
14/11/2019 8:19 PM
zigua 没有人可以完美操作,失去机会并不可耻,不用太责怪自己,交易讲的是技术,赚钱讲的是命水!
14/11/2019 8:40 PM
michaelwong Bro, must act fast when the timing is right and infact many people's like u are tied up with workloads that keeps them missing many wonderful opportunities in share investments like me and not u alone .
14/11/2019 8:44 PM
CharlieSim someone "cooking"?
14/11/2019 10:09 PM
Siow sorry, haha nominees account for FongSiLing. missed the last bit :)
14/11/2019 10:11 PM
Sohai Trader The float is low, that is why this stock jump like there is no tomoro....
15/11/2019 9:30 AM
Samtuckfatt The price only Jump around 10% from 1.58, and this 1.58 was the ex div price that never recover( before 5c div, price around 1.63/4) this indicates price hardly move enough even with good Qtr.
15/11/2019 1:08 PM
PotentialGhost The trading volume has exceeded 2 million shares for four consecutive days , got movie!!
15/11/2019 10:45 PM
Kukuman Many self praise guru will suddenly come out from wormhole to claim credit whenever the price go up. Little would u know that he or she could have been given "recomendation" for more than 100 shares. Surely one or two will strike the jackpot. Pity
16/11/2019 8:11 AM
FoolsGold @Choivi Capital,

Maybe its your mind set or approach to the stock market, that you need to have a 90-100% assurance that you are right before you will invest due to various reasons in the past.

Whereas, the market is inherently uncertain/risky, with no 100% certainty either way.

So, could be more rewarding to accept this fact of market uncertainty n invest with 70-80% confidence n have a diversified portfolio with high cash level, , rather than a concentrated portfolio with low cash level, as a start.

Choivo Capital To an extent, i feel like vomiting blood. But every time i read my article detailing why i sold it, i don't think my reasoning is wrong. I just wonder to myself, why i never bought back a much smaller position 1-2 months ago.
16/11/2019 2:33 PM
FoolsGold https://klse.i3investor.com/blogs/LouisYapInvestment/237167.jsp

Could b temporary boost from local investment fund, may not sustain...
18/11/2019 12:10 PM
Harry Mak 12 Nov 2019 Disposed 16,948,000 CLEAR GOAL SDN BHD Disposed 16,948,000 AMCORP GROUP BERHAD Disposed 16,948,000 CEMPAKA EMPAYAR SDN BHD big boses washing hand, still can invest this counter?
18/11/2019 5:31 PM
Choivo Capital Foolsgold,

You need to know what you're buying, and if you don't know that well, it needs to be cheap enough.

That means at minimum you need to know the risk reward ratio very well.
19/11/2019 11:19 AM
FoolsGold Choivo Capital, as long as it works for you, that's fine
19/11/2019 10:07 PM



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