【RCECAP 9296 交流专区】RCE资本

Mr.Business

RCE的主要客户是警员和教师。
根据PDRM的网站，大马共有93348名警员。
http://www.rmp.gov.my/#

请问各位网友，我国共有多少名教师呢？

8years

这种情况来担心有一点夸张，真正的情况应该是kowaja,kobena，sejati更担心rcecap不给他们代理kks是白赚的生意，通常是rcecap自己内部人（政党）组成的。

Mr.Business

真的吗？

"通常是rcecap自己内部人（政党）组成的。"
这是你听说的，还是你想当然而？

PS: 我不熟悉合作社的情况。

Mr.Business

什么是Asset-backed security (ABS)?

An asset-backed security is a type of bond or note that is based on pools of assets, or collateralized by the cash flows from a specified pool of underlying assets. Assets are pooled to make otherwise minor and uneconomical investments worthwhile, while also reducing risk by diversifying the underlying assets. Securitization makes these assets available for investment to a broader set of investors. These asset pools can be made of any type of receivable from the common, like credit card payments, auto loans, and mortgages, or esoteric cash flows such as aircraft leases, royalty payments and movie revenues. Typically, the securitised assets might be highly illiquid and private in nature.
......
A significant advantage of asset-backed securities is that they bring together a pool of financial assets that otherwise could not easily be traded in their existing form. By pooling together a large portfolio of these illiquid assets they can be converted into instruments that may be offered and sold freely in the capital markets.Their bankruptcy remoteness allows the investor to take on credit risk of the asset without taking on specific corporate credit risk of the originator. The tranching of these securities into instruments with different risk/return profiles facilitates marketing of the bonds to investors with different risk appetites and investing time horizons.
Asset-backed securities enable the originators of the loans to enjoy most of the benefits of lending money without bearing the risks involved. They offer originators the following advantages:

• Selling these financial assets to the pools reduces their risk-weighted assets and thereby frees up their capital, enabling them to originate still more loans.
• Asset-backed securities lowers their risk. In a worst-case scenario where the pool of assets performs very badly, the owner of ABS would pay the price of bankruptcy rather than the originator.
• The originators earn fees from originating the loans, as well as from servicing the assets throughout their life.

"The financial institutions that originate the loans sell a pool of cashflow-producing assets to a specially created third party that iscalled a special-purpose vehicle (SPV). The SPV is designed to insulate investors from the credit risk of the originating financial institution. The SPV then sells the pooled loans to a trust, which issues interest bearing securities that can achieve a credit rating separate from the financial institution that originates the loan. The typically higher credit rating is given because the securities that are used to fund the securitization rely solely on the cash flow created by the assets, not on the payment promise of the issuer. The monthly payments from the underlying assets—loans or receivables—typically consist of principal and interest, with principal being scheduled or unscheduled. The cash flows produced by the underlying assets can be allocated to investors in different ways. Cash flows can be directly passed through to investors after administrative fees are subtracted,thus creating a “pass-through” security; alternatively, cash flows can be carved up according to specified rules and market demand, thus creating "structured" securities."

http://en.wikipedia.org/wiki/Asset-backed_security

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Credit enhancement
Credit enhancement is a key part of the securitization transaction in structured finance, and is important for credit rating agencies when rating a securitization.

Types of Credit Enhancement

Excess spread
The excess spread is the difference between the interest rate received on the underlying collateral and the coupon on the issued security. It is typically one of the first defenses against loss. Even if some of the underlying loan payments are late or default, the coupon payment can still be made. In the process of "turboing", excess spread is applied to outstanding classes as principal.

Overcollateralization
Overcollateralization is a commonly used form of credit enhancement. With this support structure, the face value of the underlying loan portfolio is larger than the security it backs, thus the issued security is overcollateralized. In this manner, even if some of the payments from the underlying loans are late or default,principal and interest payments on the ABS can still be made.

Reserve account
A reserve account is created to reimburse the issuing trust for losses up to the amount allocated for the reserve. To increase credit support, the reserve account will often be non-declining throughout the life of the security, meaning that the account will increase proportionally up to some specified level as the outstanding debt is paid off.

Surety bonds
Surety bonds are insurance policies that reimburse the ABS for any losses. They are external forms of credit enhancement. ABS paired with surety bonds have ratings that are the same as that of the surety bond’s issuer.
By law, surety companies cannot provide a bond as a form of a credit enhancement guarantee.

Wrapped Securities
A wrapped security is insured or guaranteed by a third party.A third party or, in some cases, the parent company of the ABS issuer may provide a promise to reimburse the trust for losses up to a specified amount. Deals can also include agreements to advance principal and interest or to buy back any defaulted loans. The third-party guarantees are typically provided by AAA-rated financial guarantors or monoline insurance companies.

Letter of credit
With a letter of credit (LOC), a financial institution—usually a bank—is paid a fee to provide a specified cash amount to reimburse the ABS-issuing trust for any cash shortfalls from the collateral, up to the required credit support amount. Letters of credit are becoming less common forms of credit enhancement, as much of their appeal was lost when the rating agencies downgraded the long-term debt of several LOC-provider banks...... Because securities enhanced with LOCs from these lenders faced possible downgrades as well, issuers began to utilize cash collateral accounts instead of LOCs in cases where external credit support was needed.

Cash collateral account
With a cash collateral account (CCA), credit enhancement is achieved when the issuer borrows the required credit support amount from a commercial bank and then deposits this cash in short-term commercial paper that has the highest available credit quality. Becausea CCA is an actual deposit of cash, a downgrade of the CCA provider would not result in a similar downgrade of the security.

http://en.wikipedia.org/wiki/Credit_enhancement

[ 本帖最后由 Mr.Business 于 22-7-2007 12:03 PM 编辑 ]

8years

一些生意经验，如果rcecap公开要找代理，我会第一个排队。可惜这种包赚钱的生意只可能内部人才有份。。。。。。。。。。。。。。。。

Mr.Business

RCE现在有60 co-op branches。她曾说过要再找一间co-op合作，增加distribution channel到70个。那照你的说法，不是每家co-op都极为愿意与她合作？是吗？

8years

可以那么说，假设co-op不是他竞争者的agent

Mr.Business

Securitization transaction
A securitization transaction is an important process in structured finance.
"The structure of an asset-backed security [securitization transaction] determines how cash flows are allocated to different investors, the service, and the seller, what protects promised cash flows to investors, and the responsibilities of the seller and servicer of the collateral."

"[securitizations] have the following three general features -- pooling and transferring receivables; structuring and issuing securities; servicing, allocating payments, and monitoring."

Pooling and transferring receivables
"First, a lender pools together and transfers loans (or, other receivables) to a special-purpose entity (SPE). Standard accounting rules govern when such a transfer is a sale, a financing, a partial sale, or a part sale and part financing. These distinctions are important, because a transferor can take the transferred assets off its balance sheet in a sale, but it cannot do so in a financing... The transfer of assets to a SPE as a sale should be legally clear enough so that these assets are separate from the transferor even in the event of the transferor's bankruptcy. Such a transfer is sometimes called a bankruptcy-remote transfer, and a SPE is thought of as a bankruptcy-remote entity."

Structuring and issuing securities
"Second, the SPE issues several securities backed by the receivables on these loans. Securities issued by a SPE can be rated differently, depending on the credit risk associated with them. Credit risk in asset-backed structures depends on the performance of the underlying collateral pool of receivables, and on credit enhancements. Important factors affecting collateral credit quality are a lender's underwriting criteria such as borrower credit score, credit history, loan-to-value ratio, and debt-service coverage ratio-economic variables such as unemployment and bankruptcies, and payment patterns over the age (or, seasoning of the loans). Credit enhancements affect credit risk by providing more or less protection to promised cash flows for a security. Additional protection can help a security achieve a higher rating, lower protection can help create new securities with differently desired risks, and these differential protections can help place a security on more attractive terms. Common credit enhancements are a senior/subordinated security structure (in such a structure, payments - either interest or principal or both - on a subordinate security are made only after payments on senior securities have been made), a reserve or spread account (in such an account, funds remaining after expenses such as principal and interest payments, charge-offs and other fees have been paid-off are accumulated, and these can be used when SPE expenses are greater than its income), third party insurance or guarantee of principal and interest payments on the securities, and over-collateralization (usually created by using finance income to pay off principal on some securities before principal on the corresponding share of collateral is collected). Other credit enhancements include cash funding or a cash collateral account (which usually consists of short-term, highly rated investments purchased either from the seller's own funds, or from funds borrowed from third parties that can be used to make up shortfalls in promised cash flows), a third party letter of credit, a corporate guarantee, a back-up servicer for the loans, discounted receivables for the pool, or other related measures."

Servicing, allocating payments, and monitoring
"Third, the servicer (usually the same as the seller) collects proceeds on the loans, and these are allocated to the investors, the seller, and the servicer according to the structure of the particular transaction. A servicer can significantly affect cash flows available to an asset-backed transaction, because it controls the collection policy, which influences proceeds collected, charge-offs and recoveries on the loans. Any income remaining after expenses such as investor and seller payments, charge-offs, and servicing fees are paid off is usually accumulated to some extent in a reserve or spread account, and any further excess is returned to the seller. Moreover, bond rating agencies publish ratings of asset-backed securities, and update these rating based on their monitoring of performance of collateral pool, credit enhancements, and probability of default."
......

一些词汇：
Arranger
The arranger sets up the entire deal. This type of participant is typically an investment banker who sets up the structure, tranches, liabilities, and then markets these to potential investors.

Originator
The originator is the entity that created the assets that are engaged in a structured finance deal. This typically is a company looking to either raise capital, restructure their debt, or is looking to engage in some other structured finance operation. It typically needs the help of the arranger because the originator's expertise is in its own industry, not in structured finance or financial engineering.

Servicer
The servicer collects payments and monitors the assets that are the crux of the structured financial deal. The servicer can often be the originator because the servicer needs very similar expertise as the Originator.

http://en.wikipedia.org/wiki/Securitization_transaction

[ 本帖最后由 Mr.Business 于 22-7-2007 12:17 PM 编辑 ]

8years

还有，可以做代理的话我们会把他当成是铁饭碗，包吃。马来人最喜欢借钱。如果是代理，通常包几个政府机构就发达了。
如果我是代理，很快的我就做benz了。

[ 本帖最后由 8years 于 22-7-2007 12:14 PM 编辑 ]

Mr.Business

原帖由 8years 于 22-7-2007 12:10 PM 发表
可以那么说，假设co-op不是他竞争者的agent

我知道一间合作社MOCCIS是她的竞争者，还有其他吗？ 还有多少间合作社有借贷生意的？
看来你蛮了解这合作社借贷的，那你看好RCE吗？会投资她吗？

Mr.Business

What are Asset-Backed Securities?

Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans. ABS differ from most other kinds of bonds in that their creditworthiness (which is at the triple-A level for more than 90% of outstanding issues) derives from sources other than the paying ability of the originator of the underlying assets.

Financial institutions that originate loans—including banks, credit card providers, auto finance companies and consumer finance companies—turn their loans into marketable securities through a process known as securitization. The loan originators are commonly referred to as the issuers of ABS, but in fact they are the sponsors, not the direct issuers, of these securities.

These financial institutions sell pools of loans to a special-purpose vehicle (SPV), whose sole function is to buy such assets in order to securitize them. The SPV, which is usually a corporation, then sells them to a trust. The trust repackages the loans as interest-bearing securities and actually issues them. The “true sale” of the loans by the sponsor to the SPV provides “bankruptcy remoteness,” insulating the trust from the sponsor. The securities, which are sold to investors by the investment banks that underwrite them, are “credit-enhanced” with one or more forms of extra protection—whether internal, external or both.

ABS constitute a relatively new but fast-growing segment of the debt market. The first ABS were issued in 1985; in that year, the market for publicly offered ABS issues was $1.2 billion. In 2003, issuance totaled a new record of $479.4 billion. This booklet primarily addresses publicly issued ABS, although the growing private-issue ABS market is briefly mentioned. It is estimated that a total of over $2.6 trillion of ABS were issued from 1985 through 2003.

http://www.investinginbonds.com/ ... atid=11&subcatid=57

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Benefits of Investing in ABS
Investors buy ABS for a variety of reasons:

Attractive yields
Among triple-A rated assets, ABS offer higher yields than comparable-maturity U.S. Treasury securities and yields that are similar to corporate bonds and mortgage-backed securities (MBS) of comparable maturity and credit quality.

High credit quality
ABS are one of the most secure investment vehicles from a credit standpoint. Like other debt instruments, they are evaluated and assigned a rating based on their ability to pay interest and principal as scheduled. But unlike most corporate bonds, ABS are secured by collateral and credit-enhanced with internal structural features and/or external protections to further ensure that obligations are met. Most ABS receive the highest rating—triple-A—from the major credit rating agencies.

Diversity and Investment Diversification
The ABS market is highly diverse in terms of structures, yields, maturities and collateral. The assets that back securities represent many sectors of business activity, from credit card receivables to auto, boat and recreational vehicle loans, and from equipment leases to home-equity and bank loans. In addition, the ABS sector offers investors the ability to diversify their fixed-income portfolios away from more traditional concentrations in government, money market and corporate debt securities.

Predictable cash flow.
The certainty and predictability of cash flow for many types and classes of ABS are well established. Investors can buy these securities with considerable confidence that the timing of payments will occur as expected. (However, for some of the more recent mortgagelike ABS that are subject to greater prepayment uncertainty, investors should understand that the predictability of cash flow is less precise. This higher degree of uncertainty is normally reflected in a higher yield.)

Reduced event risk
Because ABS are secured by underlying assets, they offer significant protection against event-risk downgrades, particularly in contrast to corporate bonds. A major concern investors have about unsecured corporate bonds, no matter how highly rated, is that the rating agencies will downgrade them because of some disruptive event affecting the issuer. Such events include mergers, takeovers, restructurings and recapitalizations, which are often undertaken by corporate managers trying to boost shareholder value.

http://www.investinginbonds.com/ ... 1&subcatid=57&id=11

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Prepayment Models
Investors in ABS are typically concerned about the likelihood and extent of prepayment. That is, they worry about receiving all or part of the principal of the underlying debt before it is due (in the case of amortizing assets) or before it is expected (in the case of nonamortizing assets). Determining the most likely prepayment scenario is critical to making an investment decision with a reasonable expectation about a security’s life—which, in turn, affects the likely yield.

What follows are explanations of the key prepayment conventions used by the ABS market. Investors should bear in mind that prepayment models do not predict actual prepayment behavior, but instead provide a common methodology for expressing prepayment activity. Moreover, since the ABS market has existed only since the mid-1980s, prepayment models, which are based on historical performance, are likely to evolve further.

Constant Prepayment Rate (CPR)
Also known as conditional prepayment rate, the CPR measures prepayments as a percentage of the current outstanding loan balance. It is always expressed as a compound annual rate—a 10% CPR means that 10% of the pool’s current loan balance pool is likely to prepay over the next year. The CPR is commonly used to describe the prepayment experience of HELs and student-loan assets.

Monthly Payment Rate (MPR)
Technically, this is not a prepayment measure, because it is used with nonamortizing assets, such as credit card and dealer floor-plan receivables, which are not subject to prepayment. Rather, the MPR is a repayment measure and is calculated by dividing the sum of the interest and principal payments received in a month by the outstanding balance. The rating agencies require every nonamortizing ABS issue to establish a minimum MPR as an early-amortization trigger event; if repayments drop to that level, the security enters into early amortization.

Absolute Prepayment Speed (ABS)
This abbreviation (which, confusingly, is the same as that used for asset-backed securities) is commonly applied to securities backed by auto loans, truck loans, RV loans and auto leases. Unlike CPR, which measures prepayments as a percentage of the current outstanding loan balance, the ABS calculates them as a monthly percentage of the original loan balance.
......
http://www.investinginbonds.com/ ... 1&subcatid=57&id=17

[ 本帖最后由 Mr.Business 于 22-7-2007 12:28 PM 编辑 ]

8years

我看好，但不投资，因为我对管理层没有信心（马xx）,而且我手上也没有现金了。听说rcecap是唯一的上市如此生意的，其他的对手应该不需担心，因为全部都是清一色马领导。如果有一间华领导又不同，不过不可能。

看长远我看不到，因为一间怎样会赚钱的公司到了马领导的手里不知道长远会有什么事发生。但是在这牛市里我认为是可以持有的。

Mr.Business

看了这些资料后，我们可以知道ABS的优点。ABS并不会在Balance sheet上出来，所以不会影响RCE的debt ratio或credit rating, 所以发出再多的ABS都无所谓，只要那些借贷人准时还钱就好了。

而ABS的credit rating都很高，所以年利率<5%。以RCE的借贷利率15.86％来计算，RCE能从中赚取大约10%的利息，而且风险不大。

..."First, a lender pools together and transfers loans (or, other receivables) to a special-purpose entity (SPE). Standard accounting rules govern when such a transfer is a sale, a financing, a partial sale, or a part sale and part financing. These distinctions are important, because a transferor can take the transferred assets off its balance sheet in a sale, but it cannot do so in a financing...

...ABS differ from most other kinds of bonds in that their creditworthiness (which is at the triple-A level for more than 90% of outstanding issues) derives from sources other than the paying ability of the originator of the underlying assets...

[ 本帖最后由 Mr.Business 于 22-7-2007 12:42 PM 编辑 ]

Mr.Business

原帖由 8years 于 22-7-2007 12:28 PM 发表
我看好，但不投资，因为我对管理层没有信心（马xx）,而且我手上也没有现金了。听说rcecap是唯一的上市如此生意的，其他的对手应该不需担心，因为全部都是清一色马领导。如果有一间华领导又不同，不过不可能。
...

这也是我认为RCE的弱点之一。请问有没有人知道Tan Sri Azman Hashim的能力好不好，是好的管理层吗？

Mr.Business

Moneylenders

In the beginning, the business of moneylending was legislated by the respective state legislations until the enactment on 31 March 1952 of the Moneylending Ordinance 1951. However, Sabah (including Federal Territory of Labuan) and Sarawak are still subject to their respective legislations The Sabah Moneylenders Ordinance (Chapter 114) came into effect on 17 February 1912 and The Sarawak Moneylenders Ordinance which came into effect on 8 November 1901). Even though both ordinances were been gazetted as federal laws through LN 199/65 and LN 200/65, the respective state governments still handle the administration.

At the federal level, the Ministry of Housing and Local Government took over the administration of the Moneylending Ordinance 1951 (Act 400) from the Justice Department on 1 August 1979 after a Cabinet decision on 25 April 1979. The Yang di-Pertuan Agong appointed the secretary-general of the ministry as the registrar of moneylending while the state secretaries and the mayor of Kuala Lumpur were appointed as assistant registrars with the role of issuing moneylending licences in the respective states.

Effective 1 November 2003, an amendment to Act 400 was made and it is now known as Moneylenders Act (Amendment) 2003 (Act A1193). The most significant changes made are the abolishment of the post of assistant registrar and the conferment of the power to appoint the registrar to the minister. With the amendment, the secretary-general as the registrar will monitor licensing activities, advertisement and enforcement of the act. Under the ministry, effective 1 November 2003, the licensing and advertisement activities are placed under the jurisdiction of the Licensing and Advisory Division while control and enforcement are under the jurisdiction of the Monitoring And Enforcement Division.

http://www.kpkt.gov.my/kpkt_en/m ... 2&CurLocation=2

在西马共有2988名合法的Moneylenders。
http://www.kpkt.gov.my/along/semua.asp

sogrlcc

1。 长江不计细流。最近被查的上市公司都是华裔主管！

2。 我看过Kowaja (koperasi wawasan pekerja-pekerja berhad) 的广告传单： 里面有提到要成为代理员可以联络他们。

3。 我朋友说读过报道- Tan Sri Azman Hashim是郑鸿标欣赏的银行家。请大家求证。

panjang3333

http://www.amcorp.com.my/corp_board.htm#10

Y. Bhg. Tan Sri Dato' Azman Hashim, a Malaysian, aged 68, was appointed to the Board on 9 June 1988 and has been the Executive Chairman of the Company since 1993.

Tan Sri Dato' Azman, a Chartered Accountant, a Fellow of the Institute of Chartered Accountants and a Fellow of the Institute of Chartered Secretaries and Administrators, has been in the banking industry since 1960 when he joined Bank Negara Malaysia and served there until 1964. He practised as a Chartered Accountant in Azman Wong Salleh & Co from 1964 to 1971. He then joined the Board of Malayan Banking Berhad (MBB) from 1966 until 1980 and was its Executive Director from 1971 until 1980. He was the Executive Chairman of Kwong Yik Bank Berhad, a subsidiary of MBB, from 1980 until April 1982 when he acquired AmMerchant Bank Berhad.

Tan Sri Dato' Azman is the Chairman of the Malaysian Investment Banking Association, the National Productivity Corporation, East-Asia Business Council and the Pacific Basin Economic Council (PBEC) International and Co-Chairman of Malaysia-Singapore Roundtable. He is President of the Malaysia South-South Association, Malaysia-Japan Economic Association, Malaysian Prison FRIENDS Club and Non-Aligned Movement's ("NAM" Business Council. He is a Member of the APEC Business Advisory Council, The Trilateral Commission (Asia-Pacific Group), the Malaysian-British and the Malaysia-China Business Councils and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Business Advisory Council. He is also the Leader of the ASEAN-Japanese Business Meeting (Malaysia Committee, Keizai Doyukai) and is on the Board of Advisors, AIM Centre for Corporate Social Responsibility. He was recently appointed Pro-Chancellor, Open University of Malaysia and Member, Governing Body of the Asian Productivity Organisation, Executive Committee of the Malaysian Crime Prevention Foundation and International Advisory Panel, Bank Negara Malaysia International Centre for Education in Islamic Finance (INCEIF).

Tan Sri Dato' Azman is the Non-Executive Chairman of AMMB Holdings Berhad (AHB) and Chairman of the Board of several subsidiaries of AHB, namely AmInvestment Group Berhad, AMFB Holdings Berhad, AmBank (M) Berhad, AmMerchant Bank Berhad, AmIslamic Bank Berhad, AmProperty Trust Management Berhad and AmAssurance Berhad. Apart from the AHB group of companies, he is also the Chairman of AMDB Berhad, Malaysian South-South Corporation Berhad, MCM Technologies Berhad, RCE Capital Berhad and serves as a Director of Pembangunan MasMelayu Berhad. He is also involved in several charitable organisations as Chairman of AmGroup Foundation and Perdana Leadership Foundation, and Trustee for ECM Libra Foundation, Better Malaysia Foundation and the Malaysian Liver Foundation.

Mr.Business

sogrlcc兄，
太好了，我正想邀请你来一起讨论呢。

我心理有个疑惑。RCE向AM Group买下不少公司，早期的AM First Property Trust， 后来的AMDB Factoring。你对这些举动有什么看法?
我认为Tan Sri Azman Hashim有在借用RCE来合理化AM Group的业务的小小嫌疑。。。

[ 本帖最后由 Mr.Business 于 22-7-2007 01:09 PM 编辑 ]

Mr.Business

RCE的竞争对手－Bank Rakyat

Bank Rakyat的2006年总利润是RM626million，其中60%是来自于个人贷款业务，就是说Bank Rakyat从个人贷款的业务中赚取了RM375.6million的净利。而RCE的2007财政年的净利只有RM63.37million，还有很大的发展空间。

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Posted by: wan suhaidda on Saturday, April 21, 2007 - 04:38 PM
Kuala Lumpur - Bank Rakyat is expected to achieve its target of RM 713 million in pre-tax profit this year.

Speaking after the launching of Bank Rakyat annual general meeting in Kuala Lumpur, its Managing Director, Datuk Kamaruzaman Che Mat, said the bank has made a pre-tax profit of RM178 million in the first three month of this year.

Bank Rakyat Chairman, Tan Sri Dr. Syed Jalaludin Syed Salim, meanwhile said the launching of new products and the opening of eight new outlets will contribute to its achievement of the expected profit.

Currently Bank Rakyat has 111 branches nation wide.

Bank Rakyat reaped in a profit of RM626 million in 2006 and has consistently paid out a 15 percent dividend since the last eight years.

Personal loans contributed 60 percent of Bank Rakyat's profit followed by 20 percent from its properties market.

http://besonline.rtm.net.my/modu ... ead&order=0&thold=0

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Posted by: azlan on Wednesday, December 27, 2006 - 09:48 PM
Kuala Lumpur- Bank Kerjasama Rakyat Malaysia or Bank Rakyat is targetting a loan growth of about RM10 billion for 2007 after successfully achieving a 95 percent long growth for 2006.

Managing Director, Datuk Kamaruzaman Che Mat Said, Bank Rakyat is also targetting a 15 percent growth for its retail financial services for 2007. This is the same loan growth achieved by the bank in 2006.

Datuk Kamaruzaman was met by reporters after launching Bank Rakyat's will writing services.

The new product was a joint co-operation with between Bank Rakyat and Amanah Raya Berhad.

It would be offered to the public beginning January next year.

http://besonline.rtm.net.my/modu ... e=article&sid=70393

[ 本帖最后由 Mr.Business 于 22-7-2007 01:23 PM 编辑 ]

sogrlcc

Mr. Business 深入研究的精神令我十分汗颜。你的问题我并没有深入研究。希望有其他网友不吝指教。

我曾提到马来同事说不要向kowaja借钱，而且建议Bank Rakyat. 理由很简单，利息较低。最近Rcecap要发1.5billion的ABS, 分为十五期，即每期0.1billion= 一亿。所以中长期会是有看头的。不晓得之后会不会降低利息和其他公司较长短？！

从Rcecap的Income statement, 每一季的receivables都有提升，显示出很多人借贷+复利收入增加。所以我认为当它的receivables渐渐平稳后就是寻找其他千里马的时候了 （就像现在的Uchitech）。

借贷的生意绝对有的做。拭目以待。