<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 7, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>RCE Capital Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in RCE Capital Bhd (fundamental: 1.7/3, valuation: 3/3) triggered our proprietary momentum algorithm for the first time this year. The counter closed five sen or 3.33% higher at RM1.55. Some 1.73 million shares were trade versus the stock’s 200-day average volume of 437,448 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>RCE Capital’s net profit rose for the fourth quarter ended March 31, 2018 to RM23.02 million. Quarterly revenue grew year-on-year to RM63.24 million from RM57.25 million on the back of higher interest and fee income backed by an expanded loan base from its consumer financing segment. As a result, earnings per share rose to 6.73 sen from 6.35 sen.</p></div>

<div class=newsTextDataWrapInner><p>The group has proposed a final single-tier dividend of four sen per ordinary share in respect of financial year 2018, which places its dividend payout ratio within 20% to 40% of its net profit.</p></div>

<div class=newsTextDataWrapInner><p>RCE Capital is currently trading at 1.02 times its book value. Its market capitalisation is RM532.44 million.</p></div>


RCE Capital Bhd (+ve)

SHARES in RCE Capital Bhd (fundamental: 1.7/3, valuation: 3/3) triggered our proprietary momentum algorithm for the first time this year. The counter closed five sen or 3.33% higher at RM1.55. Some 1.73 million shares were trade versus the stock’s ...

Stock With Momentum: RCE Capital

Digital Minister Gobind to announce 5G development, appointment of DNB board members on Thursday, says Fahmi

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




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<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>


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