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Overview
Financial Highlight
HeadlinesBusiness 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.
  WarrenBuffet8888 I believe this is the stock will go like genetec , comcorp or hextech . Q1 24 performance has surpass half year of FY 23. A new management on board , with solid back ground and diverse experience will bring the company to new high . Invest in early stage , can study about the new management backgroup , the new chairman , deputy chairman and coo is top in the country 15/03/2024 9:45 PM WarrenBuffet8888 A little background on the new COO (22 years experience spearheading technology initiatives and leading digital transformation endeavors across various industries, including Banking, Telecommunications, and Oil & Gas.) Head of Technology Strategy and Architecture at AFFIN Group , Senior Vice President (Strategy and Digital) at MBSB Bank Berhad, VP - Lead Architect at Maybank Group,VP - Lead Architect at Maybank Group 15/03/2024 9:59 PM WarrenBuffet8888 Dont kena flush , just like initial stage on geshen , comcrop and genetec. 18/03/2024 12:45 PM kk7198 Well said. I'm still holding tight2 on Geshen, having sold Genetec too early. 18/03/2024 4:28 PM WarrenBuffet8888 Nvidia CEO Jensen Huang said at the GTC conference that global annual data center equipment spending will reach $250 billion , Software will be a very huge business. This stock has huge potential 20/03/2024 8:26 AM WarrenBuffet8888 Just look at ADB and other software company , the PE is more than 30 - 60 x times , Rexit still fair around pe 13x , and net cash position , profit margin more than 40% , market cap only 200 + , I believe the market cap will hit 1 b or 5 times, new owner aim for billion . hold tight 21/03/2024 9:49 PM kk7198 Well said PureBULL sifu and WarrenBuffet8888. Agree with you that market cap will likely hit 1 b. Just look at NVidia, Shld have bought at USD400. Can go to USD1,000.All related share up and up. Ytd was USD889.84 21/03/2024 11:03 PM WarrenBuffet8888 Comcorp , Genetec and Hextech surge more than 10,000 % , and they have one similarity with Rexit , guess what is it 23/03/2024 9:46 AM WarrenBuffet8888 Despite being a technology company, Rexit boasts a significantly lower valuation compared to its industry counterparts and peers . 23/03/2024 9:52 AM WarrenBuffet8888 Rexit demonstrates robust financial performance with high margins, substantial dividend payouts, and a strong cash position. The recent addition of esteemed individuals, such as Mr. Wong, who previously led technology divisions at MBSB and Axiata, along with Dato Seri Seow, a seasoned entrepreneur with a track record of founding successful IT ventures employing over 600 staff, instills confidence in the company's future trajectory. Given these factors, there is potential for the company to emerge as a significant player akin to MYEG in the market. 23/03/2024 9:58 AM WarrenBuffet8888 Please take note that despite the company's shares totaling 189million and 16.5 million are designated as treasury shares, the majority of the remaining shares are held by the offeror and the new leaving a relatively small float. Given the limited availability of floating shares, it is advisable to consider buying and investing in the company at the earliest opportunity. 23/03/2024 9:59 AM WarrenBuffet8888 1. The PE ratio of ADB is approximately 40, with a market capitalization of RM 474 million. 2. PE ratio of IFCA is approximately 100, with a market capitalization of RM 21.290 million. 3. PE ratio of N2N is approximately 20, with a market capitalization of RM 270.73 million 4. PE ratio of RAMSSOL is approximately 22.33, with a market capitalization of RM 150 million 5. PE ratio of AGMO is more than 30 23/03/2024 10:28 AM  Lukesharewalker That's right. Hardly any free float. Like climbing mount everest. Do or die with the operator. If he decides to cash out....it will fall limit down 23/03/2024 1:41 PM WarrenBuffet8888 Datuk Farhash Wafa Salvador, a businessman and rising star of corporate Malaysia has become keyholder and hold significant stakes in multiple companies vying to modernise government services through IT. Farhash expressed his interests in opportunities in company involved in technology. Going forward, as the government puts more emphasis on digitalising its services, IT-related companies will be leading beneficiaries of contract awards. Rexit stands poised to reap the benefits of the government's digitalization initiatives 24/03/2024 2:22 PM WarrenBuffet8888 https://www.thestar.com.my/business/business-news/2024/03/23/a-new-star-on-the-horizon 24/03/2024 2:23 PM WarrenBuffet8888 Hold tight to the jackpot, it will go very fast like genetec , strong buyer 25/03/2024 6:12 PM G-boy should be rm2 in this week... i think 1 of the day will limit up... u can refer to geshen! 25/03/2024 11:44 PM WarrenBuffet8888 Be patient for the big surge , slow and steady , moving towards Genetec 2.0 26/03/2024 10:51 AM Lukesharewalker Too quiet. No announcements on future plans. Could drift aimlessly 02/04/2024 12:46 PM sky888888 Q1 EPS 1.63 , Q2 EPS 2.32 = 3.95 EXPECTED Q3 Q4 REMAIN , 3.95 X 2 = 7.9 CENTS 7.9CENTS X PE 20 = 1.58 AT LEAST UNDERVALUE STOCK + HIGH DIVIDEND YIELD 06/05/2024 12:12 AM DG_Invests allianz and mnrb posted good earnings, even manulife is following in terms of share price. suppose the prospering insurance industry would benefit rexit as rexit provide software supports to insurance co? 10/05/2024 9:25 PM ooihk899 Hope so, see coming QR will know... Hopefully the new owner can pull in some business for the company. 10/05/2024 10:02 PM  | |
