RCE Capital valuations remain attractive

PETALING JAYA: Valuations remain attractive for financial services firm RCE Capital Bhd, which provides loans primarily to civil servants, on strong earnings growth potential.

Maybank Investment Bank Research has raised the company’s earnings projections for the financial year ending March 31, 2017 (FY17) to FY19 by 15% to 21% with a higher return-on-equity of 15% to 16% over this period.