KLSE: REXIT (0106)       REXIT BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.90   0.00 (0.00%)  0.90 - 0.915  109,100
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Market Cap: 170 Million
NOSH: 189 Million
Avg Volume (4 weeks):85,650
4 Weeks Range:0.87 - 0.925
4 Weeks Price Volatility (%):
52 Weeks Range:0.545 - 1.23
52 Weeks Price Volatility (%):
Average Price Target: 0.65
Price Target Upside/Downside: -0.25

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#3]  |  24-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  25-Aug-2021
T4Q P/E | EY: 16.44  |  6.08%
T4Q DY | Payout %: 4.12%  |  67.70%
T4Q NAPS | P/NAPS: 0.2038  |  4.42
T4Q NP Margin | ROE: 40.88%  |  26.85%


Date Subject
09-Nov-2020 REXIT BHD - An undiscovered net cash tech gem

Business Background

Rexit Bhd focuses on delivering solutions and services to the general insurance and financial service industries. It offers several web-based insurance solutions which cater for the front-end marketing and sales functions, as well as the back-end operations of insurance companies. In addition, it also offers a suite of workflow, case management, and document management applications that are suited for the financial industry. Its products include e-Cover, which is an online insurance transaction system; e-PPA, which is an online system to submit investment and redemption applications to the employee provident fund, and InfoGuardian, which is an integrated workflow, case management, and document management system. The group operates principally in Malaysia and Hong Kong.
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  3 people like this.
Lyo82 Low liquidity and staying in ACE board are problems for Rexit now. They have to settle this else wont attract fund house, and valuation will always low.

If they are in MAIN board currently, I think a PE of 20 can be easily achieved.
31/08/2020 9:26 AM
andr improved AND high margin, high growth and still grossly undervalued
04/09/2020 10:31 AM
Racoon https://bluebroinvestment.blogspot.com/2020/09/research-rexit.html
11/09/2020 6:28 PM
value investor Any one know why this company drop from RM3 at 2008 until today havent cover? any story about this stock can share?
18/09/2020 9:16 AM
Vycon Chong Post removed. Why?
21/09/2020 10:13 PM
Vycon Chong Post removed. Why?
21/09/2020 10:15 PM
kyy_superinvestor Stupid stock
24/09/2020 10:37 PM
Lyo82 Yes.. so stupid until nobody cares about
03/10/2020 4:35 PM
Lyo82 Stupid stock quietly moving up..
16/10/2020 11:46 AM
Kon Lim Chai Not so stupid!
06/11/2020 6:51 PM
anarchysons REXIT BHD - An undiscovered net cash tech gem

- Caters to the high-growth insurance and financial services industries

- Developed and currently operates mySalam, which is the Government’s national health protection scheme.

- Has one of the lowest PE ratio (14 times) in the tech industry.

- It is the third highest dividend yield stock in tech industry (3.85%). FY2020 ended June 30 dividend payout ratio was 55.46%.

- Sales revenue grew at a compounded annual growth rate of around 30% for the past 6 years.

- Major shareholders hold over 60% stake in Rexit, CEO holds over 40%. Free float is 25%.

- Sits on a cash pile of RM14.3 million with zero debt

- Serves many clients across Malaysia, Singapore, Thailand and Hong Kong. Among them are Allianz, Zurich Insurance, AmAssurance, Sompo Japan, RHB Bank, Al-Rajhi Bank, Public Mutual and Affin Hwang Capital.

- Has a 5-year contract with Great Eastern Takaful for mySalam portal

- Links JPJ and insurance companies electronically via the Reward Link Gateway System.

- Business is somewhat “recession-proof”. While most businesses faced a sharp decline in financial performance during the second quarter of 2020 due to MCO, Rexit’s net profit surged by 33% y-o-y on the back of a 14% y-o-y increase in revenue.

- In FY2020, despite all the market challenges, Rexit enjoyed a 37% net profit margin, which was an increase from 34.7% in FY2019.

- ROE was solid at 24%.

- Asset-light business with the value of property, plant and equipment only accounting for 10% of its total assets.

Growth intact moving forward

1. Rexit has strong growth potential in the e-government space, having developed and operated the mySalam portal. Its business model and expertise in the IT field can be easily replicated to deliver more online public services as the Government accelerates its IT adoption.

2. Rexit’s e-Cover product offering puts the company on the right track to capturing market opportunities in the booming e-commerce segment. The stronger adoption of e-commerce by businesses as a result of the COVID-19 pandemic is undeniably a boon for Rexit.

3. Most importantly, Rexit is well positioned in the ever-growing insurance and financial services industries. Growing population and the increased awareness for insurance and risk protection will definitely be an organic growth catalyst for Rexit.

4. The company’s R&D operations in China will help it to easily capture growing market opportunities, by enabling it to mobilise resources across the region for any upcoming projects.

5. With zero debt and a significant cash pile as major support, Rexit is also well positioned to undertake mergers and acquisitions for inorganic growth moving forward.

Read more here:
09/11/2020 10:58 AM
sense maker Insurance industry is very competitive nowadays.
09/11/2020 11:19 AM
Kon Lim Chai Small paid up capital, may offer bonus issue apart higher dividend in view of record profit last financial year
09/11/2020 6:37 PM
chesslim Bonus issue or Special Dividend will coming.
13/11/2020 12:22 AM
flyingtomoon2020 Rexit gogogo
13/11/2020 3:37 AM
flyingtomoon2020 Post removed. Why?
13/11/2020 3:38 AM
properinvest1122 rexit going to rm 1for sure
18/11/2020 1:05 AM
Lyo82 impressive result and dividend..
18/11/2020 6:57 PM
chesslim Gap up tmr !!
18/11/2020 8:14 PM
Luckup Ada chance limit up tak?
20/11/2020 7:06 AM
chesslim Fly already !
27/11/2020 4:22 PM
mrmeow Huat ah
27/11/2020 5:23 PM
sawxianhui Will this stock benefit for 5g development in the future ? Any IT expert here ?
01/12/2020 5:47 PM
Papayashot Hi sawxianhui, do u know what kind of business is REXIT doing?
01/12/2020 5:55 PM
mrmeow Rexit is staging for a breakout above RM1 & flying to next level, the company is growing for the couple of years, reasonable breakout
02/12/2020 11:49 AM
20/01/2021 10:09 AM
NewGuyKK fly already.
20/01/2021 12:54 PM
faithful what happened to this counter?
20/01/2021 2:42 PM
loneranger3211 Limit up today ...can buy still
20/01/2021 4:01 PM
chesslim can buy, many year no up, this time must good new coming.
20/01/2021 4:42 PM
NewGuyKK very good closing today.
20/01/2021 4:48 PM
Kon Lim Chai Most likely some form of corporate exercise on the way
20/01/2021 10:05 PM
moven00 Siapa datang mau goreng, owner buang semua kasi you. Tomorrow lagi buang one more round...semua lembik.
21/01/2021 7:10 PM
okdoke Corporate exercise? bonus issue with free warrant?
22/01/2021 9:45 AM
okdoke @moven00 I checked insiders record : Buyback mar 2020, HSBC bought Dec 2020, A Director sold Jun 2018. Did not find any selling since Jun 2018. Are you trying to spread fake news?
22/01/2021 9:55 AM
moven00 Klau tak boleh terima reality Dan tak faham maksud tersirat...sudah. Malas nak layan. Duit Ko, pasal hang la.
22/01/2021 5:04 PM
anicca omg..what happened
22/01/2021 7:34 PM
moven00 Takde apa-apa pun...cuma nak tambah long term investor aje.
22/01/2021 10:56 PM
okdoke @moven00, can invest at this price? sorry newbie here
24/01/2021 12:47 PM
moven00 @okdoke bro sendiri kena buat keputusan ye. Kita pun small timer Dan not sifu. Cuma ni klau dah masuk prepare not pegang la. Ni counter slow-slow punye style. Entah la mungkin saya salah. Bro sendiri buat homework Dan decide ya.
24/01/2021 6:14 PM
moven00 Dah masuk pukat....tunggu Tahun depan baru bagi dividend. Tak boleh tahan...orang kuat Rexit akan kutip tapi price tekan kaw-kaw.
03/02/2021 12:48 PM
Lyo82 ARBB theme play..
16/02/2021 3:29 PM
KarmaPrince This counter should be renamed Softec, and the share prices would surge!
17/02/2021 1:53 PM
Aurora13 This is a slow but financially and fundamentally strong counter, won't regret collecting this only not enuf bullet
22/02/2021 6:23 PM
moven00 Kimak betui.....0.90 saya nak kutip balik.
27/02/2021 10:37 AM
amateurJR Lol cannot drop. If can drop alot I wan buy leh. Missed this gem since last yr
12/05/2021 10:52 AM
amateurJR Hope can drop below SMA200. Lol
12/05/2021 11:08 AM
amateurJR Maybe think too much
12/05/2021 11:08 AM
kens88 The guy who want to buy 0.90 now reach already
20/05/2021 6:03 PM
sawxianhui so funny hahaha
21/05/2021 6:06 PM

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