RCE Capital Berhad

As expected, RCE posted another good quarterly result. Revenue is increased from 19mil to 31mil while net profit went up to 16mil from 7mil (comparing Mar'07 vs Mar'06). A final dividend of 1 sen is proposed as well, pending the approval of shareholders in the coming AGM.
For the financial year ended Mar 07, total revenue is 98mil as compared to 57mil, recorded in last financial year. Net profit is increased from 20mil to 63mil as well. However, there is a gain on disposal of investment [~20mil] in this financial year. By ignoring this gain, the net profit is actually increased about 100%.
As company closely linked to Am Group, I believe RCE is set for another higher level in medium term. The company profile is further brought up by the emergences of high profile substantial shareholders, both HSBC and Goldman.
I believe RCE has a very good prospect in the coming year.