reporting in guys! hows trading today? Anybody looking to WEIDA? hmm..im queueing at 0.675 now..hoping to hit

To RCE Cap Investors :-

RCE Capital – 9MFY10 results on-track (Results Note)


Target Price: RM0.90

Recommendation: BUY



·        RCE’s 9MFY10 net profit of RM58.3m was within expectations, at 75% of our FY10 net profit forecast of RM78.1m and 76% of street estimate of RM77.2m. 9MFY10 loans growth of 27% was supported by seasonally stronger demand during Hari Raya and year-end festive period.

·        27% increase in net loan receivables in 9MFY10 to RM1.1b (from RM871.8m in 9MFY09) drove revenue up by 21% YoY, as public employee demand for financing continued to remain robust particularly for RCE’s 15-year loan and Islamic products. 9MFY10 pretax profit margin remained stable at 42% resulting in pretax profit increasing by 18% YoY. Provision for doubtful debt was stable at RM19.9m (compared to RM19.8m in 9MFY09) and NPL ratio remained below 3%.

·        Added demand during Hari Raya and year-end school holidays caused loan book to swell by 5% QoQ, resulting in 3QFY10 revenue rising by 6% QoQ. EBIT margin improved by 6% QoQ mainly due to lower operating expenses (sales and marketing) from dearth of product launches during the quarter. Core net profit rose by 10% QoQ in line with higher sales and lower marketing costs.

·        FY10 and FY11 forecast net profit maintained.  RCE looks set to meet, if not outperform our loans growth assumption of 15% in FY10.

·        Reiterate BUY recommendation with target price of RM0.90, based on 8x PER applied to rolled-over FY11 EPS of 11.5 sen. Our target PER is at a 1x premium to regional industry average given RCE’s unique low-risk model of direct salary deduction. We expect the firm to maintain its DPS of 1 sen as per FY09 moving forward, resulting in a FY10 dividend yield of 1.5%. Give its curent undemanding 6x FY11 PER valuation, we believe that there is still significant upside to RCE’s share price.

I bought it to hold for the divvy but their divvy cheque got returned by the bank and I'm still working with their treasury department to get another cheque re-issued to replace it.....

chyaw,

I have decided to cut XDL at minor lost this morning.

1) I am spooked by this link

http://www.xidelang.com/en/store.asp ...

Says store photos but it's a computer graphic. Why can't they put up a decent actual store photo.

2) Cannot find much info on company except on the klse listing.

I think Sarawak has better prospects in view of the unlimited resources.

And the monopoly position they enjoy.

LTH is sarporting ah lian, almost everyday nibbling bits by bits 

Genting sinks ??  

what is MAS-OR ?? something to do with RI right ? 

market so quiet .... tomorrow will be dead quiet ... zzz

Another "no 1 want to sell NAIM" day. Cool.

eh you also penang lang ar?
me also 1pm ++ reach penang tomorrow....

everyone huat ar!!!

wah you also in penang ar? then i treat you eat in tambun easier, no need go sarawak.....hahah
i will see you on highway from the air....hahaha

I am in Penang too....

Buy MAS-OR at 0.14 . Pay another Rm1.60 to convert . Earn the difference. Assuming the mother does not collapse. Can ar?

look back at the transaction, wow got 2 ekor leh!

mas or masuk longkang and it is still dropping ... deep!

GO OSK GO

Go look at the daily chart, see how OSK rebounded off the 200 sma. Aiming for 1.25

Got mine....now what ???     

How to view got how many people queue.. Please ajar...

Source

Does MAS carries a lot of passengers now? I am curious since even most of the people I know do not travel via MAS anymore due to higher price and the waiting time for lugguage to pick up is just awfully long. So assuming if passengers decrease, vacant airplanes should be more, but why are these idiots wanting to buy more airplanes? Worse they are buying from PMB (*fraud detected*) To generate more losses?

I am sure malaysia has no future but how long can the government figure that out? sigh ...