Posted by jeffrey1166 > 2023-02-22 17:11 | Report Abuse

just correction will bound back soon

Posted by unicornbird > 2023-02-22 18:25 | Report Abuse

observatory, do you think RCE is undervalued now?

Posted by ZackT73 > 2023-04-20 09:14 | Report Abuse

when next dividend?

Posted by alexnada > 2023-04-20 11:48 | Report Abuse

Next div should be announced in May...
Judging by how the major shareholders are buying the shares, it should be a good quarter, and hopefully a good div too

Posted by ooihk899 > 2023-04-20 12:51 | Report Abuse

Hopefully, just like what Jeffery1166 mentioned, another special dividend !!!!!

Posted by ZackT73 > 2023-04-20 15:54 | Report Abuse

If another special dividend den sui already

Posted by jeffrey1166 > 2023-04-20 16:43 | Report Abuse

ya wait more 2 weeks

Posted by ooihk899 > 2023-04-21 09:53 | Report Abuse

Normally, announcement will be made in last week of May.

Posted by ooihk899 > 2023-05-05 09:08 | Report Abuse

Wow, break new high, hopefully juicy dividend.

Posted by ooihk899 > 2023-05-23 17:39 | Report Abuse

Wakakakaka!!!!!!! 7 sen divy. Great!!!!!!!

Posted by sheldon > 2023-05-23 21:15 | Report Abuse

7 sen is indeed good. Let's hope that it's sustainable.

Posted by Moolala > 2023-05-23 23:16 | Report Abuse

judging by the healthy increase in financing receivables, I'd say the dividend is sustainable

Posted by ooihk899 > 2023-05-23 23:43 | Report Abuse

Since their new dividend policy is 60% to 80% payout ratio, we will
be getting more dividend in the future.

Posted by ooihk899 > 2023-05-23 23:44 | Report Abuse

😁😂🤣

Posted by ooihk899 > 2023-05-24 09:13 | Report Abuse

Looks like will break RM2 this week!!!😆

Posted by ooihk899 > 2023-05-26 10:22 | Report Abuse

Gratz to all RCE shareholder, broke thru RM2 already.

Posted by jeffrey1166 > 2023-05-27 18:44 | Report Abuse

ya hope can sustain will keep buying as well fair value on rm2.8

Posted by ooihk899 > 2023-05-28 13:09 | Report Abuse

If profit stable, dividend will be between 11 to 14.5 sen every year.
Slow is ===> Fast.
Many moons ago 'Slow Slow' collect, now 'Fast Fast' make money.

Posted by ooihk899 > 2023-05-31 15:40 | Report Abuse

Hmmm.... Looks like going to hit RM2.5 this week.😃😁🤣

Posted by ooihk899 > 2023-05-31 16:32 | Report Abuse

😕 Ops... looks like cannot hit RM2.5 this week.
Asia market all red red. China PMI bo sui.😥
Good luck to all.

Posted by Moolala > 2023-06-06 12:33 | Report Abuse

breakout!

Posted by jeffrey1166 > 2023-06-06 17:05 | Report Abuse

ya heading 2.8

Posted by Sohai Trader > 2023-06-10 08:55 | Report Abuse

this counter looks solid

Posted by ooihk899 > 2023-06-10 12:09 | Report Abuse

Hopefully can break 2.5 next week.😀

Posted by jeffrey1166 > 2023-06-11 15:19 | Report Abuse

surely can

Posted by Keqing Tan > 2023-06-14 09:42 | Report Abuse

waiting if can come down a bit below 2.00 want to collect some

Posted by harrier > 2023-06-16 00:52 | Report Abuse

Macam susah mau cecah 2.00

Posted by Tibbers > 2 months ago | Report Abuse

rm2.50 otw.

Posted by alexnada > 2 months ago | Report Abuse

What happened today?

Posted by Moolala > 2 months ago | Report Abuse

heading towards 2.5 and beyond!

Posted by ooihk899 > 2 months ago | Report Abuse

Grats to all.

Posted by Tibbers > 2 months ago | Report Abuse

what a stock, growth counter + dividend. win win counter.

Posted by rchi > 2 months ago | Report Abuse

Dividend payout rate increases 100% is a very BIG deal.

Posted by Sohai Trader > 2 months ago | Report Abuse

RCECAP distributes dividend of 30 cents in FY 2023, this translates to dividend payout ratio of 63% (from The Edge)

As RCECAP announced a new dividend payout ratio of 60-80% for FY 2024 onwards, are we expecting that the dividend payout amount will be at around 30 cents or more for FY 2024 onwards, assuming the net profits remain the same and increasing yoy? If this is the case, the dividend yield for this Gem at the current price level is : 0.3/ 2.32 = 12.92%, which sounds awesome at the moment.

Posted by Learner King > 2 months ago | Report Abuse

FY 2023 dividend 30 cents is including 18 cents special dividend....

Posted by Learner King > 2 months ago | Report Abuse

So glad i'm never believe in so called sifu observatory analysis and i been enjoying the capital gain plus increase dividends every year and the share split in 2022! Keep up the good work Rcecap Management and run the company well ! Thank you rcecap😄

Posted by ooihk899 > 2 months ago | Report Abuse

What's wrong with you? Did observatory say he is a sifu?
Did he give a sell call????? Below was his comment.

Posted by observatory > 2023-02-15 19:52 | Report Abuse

The top line is helped by non-interest income of almost RM19m, which is a record high. NII now constitutes 28.5% of total income. As mentioned in the management review, it's primarily driven by "higher early settlement income arising from increased refinancing activities".
The question is, could refinancing activities be near its peak now?

More reassuringly, financing receivables have been growing above 6% YoY in the last and current quarters, reversing the slow down that started in 2020. As long as management remains prudent with its lending, this will be a more reliable and growing source of income in the future.

Posted by Learner King > 2 months ago | Report Abuse

Haha ooihk899 seem like you are the big fan of observatory. Ok lo u don't like i call him sifu than i just call him observatory ok? Don't angry ok? Haha

Oh btw did i got say he give sell call? No right? Haha

Lastly i'm refering to his analysis all the way back to 2021, not the recently one.

Are you happy with my explanation? If still not happy i also bobian. Haha

Posted by Moolala > 2 months ago | Report Abuse

what's wrong with observatory's analysis? I think he touched on some good points.

Posted by ooihk899 > 2 months ago | Report Abuse

I'm not a big fan of anyone. I just don't like TKLSS ppl.
Anyway, my money, my decision. Why wan to listen to others.
Only (So-hai) ppl do that. Opps, no wonder your name is (So-hai)

Posted by Sohai Trader > 2 months ago | Report Abuse

Thanks for the correction, my bad, with that special dividend, the total dividend payout of 30 cents in FY 23 represents a dividend payout ratio of 158% (as per RCECAP latest QR Note 8: Total dividend declared in respect of the financial year ended 31 March 2023 is 30.00 sen. This translates to a dividend payout ratio of 158.4%.)

With the anticipated dividend payout of 14 cents in FY 24 (Maybank report), the current dividend yield at current price is at 0.14 / 2.32 = 6.034%, still a decent yield but yeah, the price movement of this stocks are quite elevated at the moment...

Posted by ooihk899 > 1 month ago | Report Abuse

Excellent result, FY 2023 16 sen div in the bag. 😁🤑🤑🤑

Posted by observatory > 1 month ago | Report Abuse

Another good quarter. For the last 3 years, net interest income fluctuated at around RM43m - RM52m per quarter. It is RM46m in the latest quarter. The good result in recent quarter is contributed by rising non-interest income.

Impairment on financings has been coming down to RM4.7m (versus RM8.2m last quarter, and RM8.2m a year ago). Credit cost is 93 basis points. This is good. Hopefully this is a new trend after recording on average about 150 basis points per quarter throughout FY23.

Gross financing continues to grow modestly to RM2,045m (+1.2% QoQ, +7.4% YoY). This is in line with management's guidance to analysts earlier that the company financing growth will track the banking industry. It's better to grow conservatively through quality financing.

One bright spot with RCE is the Board is willing to return excess capital to shareholders. Not only through increased dividends, where payout ratio has increased from 30% a few years ago to current 60%, but also the 18 sen special dividends in late 2022.

As a result, the company has reversed the ROE decline seen earlier. Despite its growing business size, ROE has actually risen back to 17% - 18% range. This is rare and impressive act. Such attitude of taking care of shareholders is probably one reason that the market has re-rated its share.

Posted by Moolala > 1 month ago | Report Abuse

Hi Observatory, thanks for the qr summary. Quite rare to find a gem like this which keeps announcing record high revenue and profits

Posted by Tibbers > 1 month ago | Report Abuse

growth stock + dividend. Rm2.50 coming.

Posted by jeffrey1166 > 1 month ago | Report Abuse

tp i set is rm2.8 will be soon

Posted by ooihk899 > 1 week ago | Report Abuse

Grats to all, new high again, broke thru RM2.5 already.
Hope bumper dividend declare in Nov.

Posted by jeffrey1166 > 1 week ago | Report Abuse

ya oi around 0.15-0.17 div

Posted by Tibbers > 1 week ago | Report Abuse

Hehehe nice. hit my tp 2.50, but since its a breakout, probably next tp 2.80 to 3.00

Posted by jeffrey1166 > 1 week ago | Report Abuse

ya 2.8 above surely hit on q4