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RCE Capital Q1 2011 Financial Overview by Rhb Invest is a document available to read on EtoBox.

What is RCE Capital Q1 2011 Financial Overview about?

♦ 1QFY03/11 results in line. RCE’s FY03/11 got off to a strong start with 1Q net profit of RM23.6m (+27.5% yoy; +3.8% qoq) accounting for 28% of our and 26% of consensus full-year net profit forecasts respectively. Nevertheless, we consider the results to be in line with expectations given the low provision for doubtful debts made during the quarter (15.7% of full-year estimates), which tends to be lumpy. As expected, RCE did not declare any dividend.

Author

Rhb Invest

Language

EN