Posted by anarchysons > 2020-11-09 10:58 | Report Abuse

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:
https://klse.i3investor.com/blogs/anarchysons/2020-11-09-story-h1535691200-REXIT_BHD_An_undiscovered_net_cash_tech_gem.jsp

Posted by sense maker > 2020-11-09 11:19 | Report Abuse

Insurance industry is very competitive nowadays.

Posted by Kon Lim Chai > 2020-11-09 18:37 | Report Abuse

Small paid up capital, may offer bonus issue apart higher dividend in view of record profit last financial year

Posted by chesslim > 2020-11-13 00:22 | Report Abuse

Bonus issue or Special Dividend will coming.

Posted by flyingtomoon2020 > 2020-11-13 03:37 | Report Abuse

Rexit gogogo

Posted by flyingtomoon2020 > 2020-11-13 03:38 |

Post removed.Why?

Posted by properinvest1122 > 2020-11-18 01:05 | Report Abuse

rexit going to rm 1for sure

Posted by Lyo82 > 2020-11-18 18:57 | Report Abuse

impressive result and dividend..

Posted by chesslim > 2020-11-18 20:14 | Report Abuse

Gap up tmr !!

Posted by Luckup > 2020-11-20 07:06 | Report Abuse

Ada chance limit up tak?

Posted by chesslim > 2020-11-27 16:22 | Report Abuse

Fly already !

Posted by mrmeow > 2020-11-27 17:23 | Report Abuse

Huat ah

Posted by sawxianhui > 2020-12-01 17:47 | Report Abuse

Will this stock benefit for 5g development in the future ? Any IT expert here ?

Posted by Papayashot > 2020-12-01 17:55 | Report Abuse

Hi sawxianhui, do u know what kind of business is REXIT doing?

Posted by mrmeow > 2020-12-02 11:49 | Report Abuse

Rexit is staging for a breakout above RM1 & flying to next level, the company is growing for the couple of years, reasonable breakout

Posted by SpicyMcDeluxe > 2021-01-20 10:09 | Report Abuse

kekw

Posted by NewGuyKK > 2021-01-20 12:54 | Report Abuse

fly already.

Posted by faithful > 2021-01-20 14:42 | Report Abuse

what happened to this counter?

Posted by loneranger3211 > 2021-01-20 16:01 | Report Abuse

Limit up today ...can buy still

Posted by chesslim > 2021-01-20 16:42 | Report Abuse

can buy, many year no up, this time must good new coming.

Posted by NewGuyKK > 2021-01-20 16:48 | Report Abuse

very good closing today.

Posted by Kon Lim Chai > 2021-01-20 22:05 | Report Abuse

Most likely some form of corporate exercise on the way

Posted by moven00 > 2021-01-21 19:10 | Report Abuse

Siapa datang mau goreng, owner buang semua kasi you. Tomorrow lagi buang one more round...semua lembik.

Posted by okdoke > 2021-01-22 09:45 | Report Abuse

Corporate exercise? bonus issue with free warrant?

Posted by okdoke > 2021-01-22 09:55 | Report Abuse

@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?

Posted by moven00 > 2021-01-22 17:04 | Report Abuse

Klau tak boleh terima reality Dan tak faham maksud tersirat...sudah. Malas nak layan. Duit Ko, pasal hang la.

Posted by anicca > 2021-01-22 19:34 | Report Abuse

omg..what happened

Posted by moven00 > 2021-01-22 22:56 | Report Abuse

Takde apa-apa pun...cuma nak tambah long term investor aje.

Posted by okdoke > 2021-01-24 12:47 | Report Abuse

@moven00, can invest at this price? sorry newbie here

Posted by moven00 > 2021-01-24 18:14 | Report Abuse

@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.

Posted by moven00 > 2021-02-03 12:48 | Report Abuse

Dah masuk pukat....tunggu Tahun depan baru bagi dividend. Tak boleh tahan...orang kuat Rexit akan kutip tapi price tekan kaw-kaw.

Posted by Lyo82 > 2021-02-16 15:29 | Report Abuse

ARBB theme play..

Posted by KarmaPrince > 2021-02-17 13:53 | Report Abuse

This counter should be renamed Softec, and the share prices would surge!

Posted by Aurora13 > 2021-02-22 18:23 | Report Abuse

This is a slow but financially and fundamentally strong counter, won't regret collecting this only not enuf bullet

Posted by moven00 > 2021-02-27 10:37 | Report Abuse

Kimak betui.....0.90 saya nak kutip balik.

Posted by amateurJR > 2021-05-12 10:52 | Report Abuse

Lol cannot drop. If can drop alot I wan buy leh. Missed this gem since last yr

Posted by amateurJR > 2021-05-12 11:08 | Report Abuse

Hope can drop below SMA200. Lol

Posted by amateurJR > 2021-05-12 11:08 | Report Abuse

Maybe think too much

Posted by kens88 > 2021-05-20 18:03 | Report Abuse

The guy who want to buy 0.90 now reach already

Posted by sawxianhui > 2021-05-21 18:06 | Report Abuse

so funny hahaha

Posted by TUrBo3 > 2021-07-21 12:07 | Report Abuse

why rexit no movment.....what happened

Posted by KY > 2021-07-28 17:32 | Report Abuse

Is time to wake up...hope management can issue bonus to improve market liquidity...

Posted by saw > 2021-07-31 17:46 | Report Abuse

any chances of rexit involvement in CBDC development in future ?

Posted by investortrader88 > 2021-09-09 17:08 | Report Abuse

My queue buy matched some this afternoon .good luck guys

Posted by wallstreetrookie > 2021-09-13 10:00 | Report Abuse

So are the directors actually doing business or just playing the stock market?

Posted by wallstreetrookie > 2021-09-13 10:00 | Report Abuse

Or watching their company share on their laptop all day haha

Posted by wallstreetrookie > 2021-09-13 10:01 | Report Abuse

The website of this company looks atrocious

Posted by wallstreetrookie > 2021-09-13 10:01 | Report Abuse

At least put some effort into website design

Posted by wallstreetrookie > 2021-09-13 10:03 | Report Abuse

Look at MYEG's website. Clean and sleek

Posted by ipohwhitecoffee > 2021-09-13 19:48 | Report Abuse

Don't belittle the antenna today. It is just beginning of new game.

Maintain bullish Rexit. New 52w high soon.