KUALA LUMPUR: RCE Capital Bhd
's operations remains largely stable despite the current lockdown and is expected to regain its losses upon the easing of the restrictions, similar to what was seen in 1QFY21.
RHB Research, which has a "buy" call on RCE Capital with a target price of RM3.20, said the group's income is likely to see some quarter-on-quarter weakness due to the reduced early settlement income caused by lockdown, but expects the group to recover when restrictions ease.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
