【RCECAP 9296 交流专区】RCE资本

Mr.Business

新闻。

RCE Cap expects lower loan growth
By Jeeva Arulampalam        
Published: 2008/08/28

RCE Capital Bhd, a provider of consumer credit to public servants, expects a lower loan growth in the current financial year due to tougher market conditions.

"Last year was a bumper year, in terms of loan disbursements because of the salary increment (for civil servants). We will see a growth this year, but perhaps not as good," RCE corporate affairs executive director Loh Kam Chuin told reporters after the company's annual general meeting in Kuala Lumpur yesterday.

Strains in the financial markets and a higher inflation rate are among factors that will dampen the company's loan growth this year.

"We are in a more competitive environment now because there are more players," said Loh.

For the financial year ended March 31 2008, RCE's revenue grew 33.4 per cent to RM131.9 million. The 2008 annual report shows that its loan financing services revenue was up 34 per cent to RM125.98 million.

In its filing to Bursa Malaysia yesterday, RCE said its net profit grew 36 per cent to RM13.6 million, while revenue increased 68 per cent to RM47.1 million.

"The significant improvement in our loan financing business was due to demand growth in the personal loan financing products," RCE said.

On business expansion, Loh said RCE was continuously looking for new ventures to grow its business.

"We don't discount that we will probably go back to Vietnam and look for opportunities there. We are also keen on other regional markets," he said, adding Indonesia was a possibility.

RCE backed out last month on an agreement to set up a finance company in Vietnam with a local lender due to recent changes in the regulatory and operating environment. It planned to invest US$5.7 million and hold a 30 per cent stake in its partnership with Southern Bank Vietnam.

"The Vietnam venture was originally seen as a good deal because we were going in at par. If we enter any other market at that time, we would have had to pay a premium on the joint venture," said Loh.

As for its bid last September to purchase a 52 per cent stake in mortgage provider Malaysia Building Society Bhd, Loh said there were no updates.

http://www.btimes.com.my/Current ... jrce27.xml/Article/

Mr.Business

新闻。

28-08-2008: RCE modest about prospects
by Fong Min Hun

KUALA LUMPUR: RCE Capital Bhd has warned that a more competitive market might eat into the profits of its lending business in the current financial year ending March 31, 2009 (FY09) but analysts, citing its strong delivery system, remain bullish about the company.

RCE’s results for its first quarter ended June 30, 2008 released yesterday reinforced the more optimistic views of analysts. It announced a 36% rise in net profit to RM13.57 million from RM9.99 million, while revenue rose 68% to RM47.1 million from RM28 million.

Prior to the earnings announcement, RCE executive director (corporate affairs) Loh Kam Chuin said because of more players in the lending business, he did not expect the company to repeat the same bumper revenue growth as in FY08, which saw turnover increasing 33.4% to RM131.9 million from RM98.9 million.

“You will probably see more growth, but not as good as last year. There is an increase in competitors so it has become very difficult to gauge,” he told reporters after RCE’s AGM here yesterday.

“We have to look at the figures we have seen and we are trying to maintain that. Again, I caution that the market is very competitive.”

An analyst at Kenanga Research acknowledged the addition of new players in the personal loans market, specifically bank-backed lenders such as Al-Rajhi Bank, has created a more competitive market, but said RCE’s strong focus on the delivery of its core lending business would offset the challenge.

“RCE is the biggest (non-bank-backed) player in the market, and though they can’t compete with Bank Rakyat, which is a cooperative itself, they have a well-distributed network and should be able to maintain its numbers,” said the analyst, who maintains a buy call on RCE issued last month.

AseamBankers is similarly maintaining its bullishness on RCE, also noting that RCE’s customer-focused delivery system offsets the better rates offered by bank-backed lenders. However, the research house said it might lower its target price based on its forecast of the loan retail market.

Meanwhile, Loh said RCE did not plan to venture overseas just yet, though he did not rule out expanding regionally. RCE pulled out of a deal in Vietnam earlier this year after regulatory changes soured the deal, he added.

On news reports of RCE’s interest in buying the Employees Provdent Fund’s (EPF) stake in Malaysian Building Society Bhd (MBSB), Loh declined to comment, saying there was no new development.

“I can’t comment. It’s not really about whether we are keen or not. I don’t have any more updates on this since the last round but the ball is in their (EPF’s) court,” Loh said.

However, analysts said RCE had been ruled out as a bidder as the EPF was most likely to take MBSB private with financial support from Abu Dhabi investors.

http://www.theedgedaily.com/cms/ ... a-11151520-229df3d7

scsiang82

Financial Results

Reference No RC-080818-74169

Company Name	:	RCE CAPITAL BERHAD
Stock Name	:	RCECAP
Date Announced	:	27/08/2008

Financial Year End	:	31/03/2009
Quarter	:	1
Quarterly report for the financial period ended	:	30/06/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Qtr Ann 30.06.2008.xls

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

30/06/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2008	30/06/2007	30/06/2008	30/06/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	47,113	28,055	47,113	28,055
2	Profit/(loss) before tax	17,074	13,606	17,074	13,606
3	Profit/(loss) for the period	13,572	9,986	13,572	9,986
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,572	9,986	13,572	9,986
5	Basic earnings/(loss) per share (sen)	1.91	1.55	1.91	1.55
6	Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	0.3500		0.3200

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

Remarks :

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF4482574B200350B0D?OpenDocument

ThermoFisher

收購MESB雖正面　RCE資本短期盈利影響微

2008年9月10日
報導 - 林秋萍

(吉隆坡9日訊)隨著RCE資本(RCECAP，9296，主板貿服股)宣佈收購大馬機構(Amcorp)旗下的Mezzanine私人有限公司(簡稱MESB)，分析員對此收購抱持正面態度；惟MESB在短期內不會為RCE資本做出顯著的盈利貢獻。

RCE資本通過旗下的RCEEquity私人有限公司，以參閱價1令吉收購MESB；不過，在完成交易後，RCE資本必須支付現金120萬令吉予大馬機構。

MESB業務涉及產業貿易、期權、債券和投資。肯南嘉投行分析員稱，RCE資本進行此項收購活動的主因，是相中MESB的產業資產。

「RCE資本欲坐擁MESB位於吉隆坡南湖鎮的4層樓店屋。目前，RCE資本向後者租借該產業作為辦公室和儲藏用途。」

除此之外，MESB的信貸業務計劃進行一項策略聯盟，這對RCE資本來說是錦上添花的好消息，因為RCE資本將有機會擴充其信貸合作社業務。

分析員透露，「據我們瞭解，MESB計劃通過新合作社設立消費者融資業務。不過，一切還在初步階段。」

針對MESB的財務狀況，分析員表示，該公司的淨債務為4030萬令吉，其中3830萬令吉是拖欠大馬機構的債務。扣除RCE資本支付給大馬機構的120萬令吉後，MESB拖欠大馬機構的3710萬令吉餘額，也將由RCE資本承擔。

無論如何，分析員認為，RCE資本並不會因此而面對財務問題，因為該公司截至今年6月30日的現金和定存總額為2億零790萬令吉。

整體而言，分析員維持RCE資本09和10財政年的淨利預測，因預料MESB在短期內不會帶來顯著的盈利貢獻。

他強力建議「買入」該股，目標價是1令吉。

Mr.Business

个人看法：现在的债券市场的流动性似乎很低，将来将越来越难借钱，利息成本会提高。RCE发ABS债券来借钱，再将借来的钱拿来借给公务员，我对这种生意模式开始有怀疑，不是很有信心这生意模式能不能持续。

我以为除了RCE应该还有其他更好的投资选择，所以个人现在不会买进。

Mr.Business

RCE要回到牛市之前的价格了。。。


RCECAP
(9296) 18:52:43
Last Done        0.280
Change        0.000
Day High        0.290
Day Low        0.050
Best Buy        0.275
Best Sell        0.280
Volume(Lot)        15148

All stock data delayed 15 minutes

傻人最有傻福

Financial Results

Reference No RC-090217-44828

Company Name	:	RCE CAPITAL BERHAD
Stock Name	:	RCECAP
Date Announced	:	25/02/2009

Financial Year End	:	31/03/2009
Quarter	:	3
Quarterly report for the financial period ended	:	31/12/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Qtr Ann 31.12.2008.xls

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2008

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2008	31/12/2007	31/12/2008	31/12/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	55,669	33,274	157,409	95,828
2	Profit/(loss) before tax	31,169	18,324	67,776	47,924
3	Profit/(loss) for the period	18,190	15,027	48,042	37,963
4	Profit/(loss) attributable to ordinary equity holders of the parent	18,190	15,027	48,042	37,963
5	Basic earnings/(loss) per share (sen)	2.56	2.32	6.76	5.87
6	Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	0.3900		0.3200

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

Yewlili

最近已在0.365累积了不少Rcecap 的股票。

弹煮

Stock Name	RCECAP
Stock Code	9296
Last Price	0.360
Change	0.000
High	0.365
Low	0.360
Volume	3,660
25-Feb-2009 08:02 PM

傻人最有傻福

恭喜你...你买进了赚钱的公司

弹煮

这间公司好像是负责借贷给公务员买屋买楼的是吗？

傻人最有傻福

不是很清楚

ThermoFisher

贷款强稳增长 RCE资本业绩表现看俏
2009/05/28 18:25:39
●南洋商报

强稳的贷款成长，推高RCE资本（RCECap，9296，主板贸服股）在截至2009年3月底为止财政年的业绩表现，分析员乐观认为，该公司有望在2010年财政年取得7810万令吉净利。

分析员认为，RCE资本取得强稳的40%的净贷款成长，较所估计的25%增长数据，来得更令人振奋。

另一方面，RCE资本宣布进行10%的私下配售计划及雇员认股计划(ESOS)，估计从私下配售计划中(通过发行7110万股新股，每股平均发售价为0.462令吉)筹集3280万令吉。

“该公司稳健的公务员客户为基础，以及在直接扣薪架构下，拖欠率非常的低；因此估计该公司企业贷款市场所享有的成长表现将持续越超大市。”分析员对于RCE资本开出强力买入评级，并估计该公司有望在2010年及2011年分别取得7810万令吉及9000万令吉的净利。

Yewlili

我0.365和0.385买的还没放。。
未来受看好的高成长股

kinwing

和我当初买进RCECAP时的想法一样，那就是说高成长股。不过我的买入平均价是RM0.56，买进了24,800股，比Yewlili买进的价钱贵得多了，从差不多两年前开始陆续买进到现在还没回本 。

不过Yewlili要注意的是此公司的大股东并不大会照顾小股东的利益，分分钟小股东的利益会被它的私下配售股(Private Placement)稀疏掉(Diluting Right) 。

还有就是公司有赚钱，却保持年年每股RM0.01的股息，的确令小股东有点失望，毕竟小股东能从股票投资得到的其中一种回报就是现金股息，这就是所谓的'一鸟在手好比十鸟在林'，收到现金总好过比股价回酬稳定的多。现在咱们小股东就只有期望大股东Azman好好利用留在公司的盈余(Retained Profit)来扩充公司的业务而不是浪费在别的无畏的东西上，从而增加股价回酬上升的可能性 。

Mr.Business

说说RCE的风险。

1. RCE借出个人贷款和分期付款，收很高的利息。这些贷款是没有生产性的，而且客户的理财能力显然有问题，所以才会借钱，最后会不会还钱有疑问。而且，RCE的利息比市场高很多，是哪些人不去借比较底利息的贷款，却向RCE借高利息的贷款？

2. RCE基本是在做银行的生意，却没有deposit来作为资本来源，只好靠股东基金，和借贷来筹资。RCE已经借了大笔钱了，之前想发出ABS来筹资，可是现在ABS已经没什么市场，所以才又出private placement来筹资。RCE钱紧的很，根本不会发高股息。

3. 研究员都说公务员的拖欠率很低，可是RCE的receivable和股东资金相比起来太大了，只要拖欠率提高一点，RCE的股东资金就可能亏完，进PN17。

4. RCE靠与几个koperasi合作来得到客户，这种合作关系稳固吗？我有怀疑。

5. RCE还有政策上的风险。前不久看到新闻说Angkasawan要求检讨让financial institute直接扣薪的制度。

6. RCE和大股东的关系很复杂，related party transaction很多。


May 25, 2009 23:34 PM
Review Approval To Financial Institutions - Angkasa

PETALING JAYA, May 25 (Bernama) -- The nationalcooperative organisation, Angkasa has asked the government to reviewits approval to allow financial institutions to make loan deductionsfrom the salaries of civil servants.

Its president, Datuk Abdul Rahim Abu Bakar said the move wouldaffect Angkasa and 476 credit cooperative societies as it would not beable to compete with banks and finance companies in disbursing loans.

Previously, civil servants' salary deductions for cooperatives,banks, insurance and government-linked companies could only be madethrough the Angkasa Services Bureau, he told reporters after attendingthe credit cooperative societies' assembly here Monday.

He said the new arrangement would dampen the credit businesscarried out by cooperatives, which at present boasted about 6.3 millionmembers nationwide.

Abdul Rahim said the credit business involving civil servantsshould be carried out by cooperatives with the collaboration offinancial institutions through smart partnership and strategic alliancein line with the National Cooperative Policy.

-- BERNAMA



http://www.bernama.com/bernama/v5/newsindex.php?id=413648




KUALA LUMPUR: Cuepacs has called on financial institutions toprovide personal loans to civil servants trapped in the clutches ofloan sharks.
[table=200][/table] Its secretary-general, Ahmad Shah Mohd Zin, saidabout 100,000 civil servants, or 10 per cent of the civil serviceworkforce, were in this predicament and needed assistance.

   He said most of them were harassed by loan sharks almost daily and this was affecting their productivity.

It would be cheaper and safer for civil servants to deal with thesefinancial institutions than with the unscrupulous loan sharks.

Ahmad Shah praised  Malaysia Building Society Berhad (MBSB) for allocating RM100 million in   personal loans to teachers.
MBSB chairman Tan Sri Abdul Halim Ali, in announcing this onWednesday, had said the maximum loan available under the scheme wouldbe RM150,000 for 15 years at an interest rate of five per cent peryear.

     Ahmad Sha hoped that MBSB would extend the loan  to other categories of civil servants.

The society had introduced a similar scheme for the police last March.

He said banks and other financial institutions should emulate MBSB and provide soft loans to civil servants.

He said it was viable for banks and financial institutions to lend tocivil servants as the repayment of loans could be deducted from theirmonthly salary through the Angkasa national cooperative.

  Ahmad Shah also urged the authorities to intensify their campaign to rid the country of the loan shark menace.

He said one solution was to provide alternative avenues for civilservants to obtain easy-term loans from registered financialinstitutions with no red tape. -- Bernama

http://www.nst.com.my/Current_News/NST/Friday/National/2569004/Article/index_html

[ 本帖最后由 Mr.Business 于 29-5-2009 12:46 PM 编辑 ]

goodluck88

在我眼中RCECAP好象ah long这样。。。
少碰为妙。。。

Arsenal

股价吊在0.595 之间~

天空3

RCE CAPITAL BERHAD (RCE OR COMPANY) RCE  

CAPITAL BERHAD (RCE OR COMPANY)
PROPOSED PRIVATE PLACEMENT OF UP TO 71,097,134 NEW ORDINARY SHARES OF RM0.10
EACH IN RCE TO INVESTOR(S) (PROPOSED PRIVATE PLACEMENT)

可以简单的解释下上面的内容吗？？？
是好事还是坏事？

K男

原帖由 天空3 于 5-7-2009 12:06 PM 发表
RCE CAPITAL BERHAD (RCE OR COMPANY) RCE  

CAPITAL BERHAD (RCE OR COMPANY)
PROPOSED PRIVATE PLACEMENT OF UP TO 71,097,134 NEW ORDINARY SHARES OF RM0.10
EACH IN RCE TO INVESTOR(S) (PROPOSED PRIVAT ...

这个消息值0.200【45%涨幅】--先前我给战友们的消息股--0.500-0.700

二星期后消息才公开。。。当时也没人理会是好事坏是什么-进场炒就是了。。。