PETALING JAYA: RCE Capital Bhd
’s prospects appear stable after a strong start to its financial year ending March 31, 2024 (FY24), confirming a robust dividend outlook.
The management services provider, whose net profit rose to RM36.9mil in the first quarter of FY24 (1Q24) from RM32.2mil in the previous corresponding period, surpassed expectations and set another record, Maybank Investment Bank (Maybank IB) Research said.
“It is also good to know that non-performing financing (NPF) ratios continue to ease after surging last year.
“This gives us comfort that RCE’s high forecast dividend yields of more than 6% per annum will continue, going forward,” the brokerage said in its report yesterday.
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