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First of all , today our topic is Rex Industry Berhad !!!
Rex was incorporated on 26 November 1993 as a private limited company under the Companies Act 1965.
It was converted to a public limited company on 16 February 1994 and adopted its present name. Rex was listed on the Second Board of Bursa Securities on 29 November 1995.
Rex Group is involved in manufacturing of canned food, beverage and confectionary products. Rex Canning Co. Sdn Bhd a wholly owned subsidiary of Rex was founded in 1965 and has since grown into a leading manufacturer and exporter of halal canned products, frozen food and beverages company in Malaysia. PT Rex Canning Indonesia began commercial operations in August 1992; the principal activities are manufacturing and exporting of canned processed seafood. PT Rex Canning operates under stringent standards set by the Ministry of Marine Affairs and Fisheries of Indonesia. The majority of PT Rex’s canned seafood is exported to the US and EU.
Vision & Mission of the company is to provide high quality food and beverage products at affordable price !!!
Base on the annual report , we can see the revenue contribution 50% is from Malaysia, 40% is from United Stated and Europe and balance 10% is from Asia country.
Rex’s profits for the financial year ended June 30, 2021 (FY21) would have been higher, according to the group.
And within the next three years, Rex aims to double its revenue from RM160.54mil in FY21.
The group believes this is achievable as it introduces new products, boosts its production capacity, expands the client base and partners with more large-scale retailers.
Rex’s export sales, which have increased since the pandemic and currently contribute 50% of total sales, are also expected to contribute more to the topline.
Mr Darmendran (Managing director ) says Rex will expand into more profitable and high-demand product segments such as mushroom soup, pasta sauce, UHT milk and santan.
Moving forward, Rex continues to target the bottom 40% (B40) income earners that are mostly out of the Klang Valley.
Currently, 80% to 90% of Rex’s total sales come from outside of the Klang Valley.
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This is the latest chart , last week had break the resistance 0.25 . Currently 0.28, is the highest share price since year 2020.
We can foresee Rex group is in growing trend with the company expansion, Rex aims to double its revenue from RM160.54mil in FY21 within the next three years!!! so what the next???
At the current price of 0.28, (break through year high +Director buying momentum + company growing trend). Short term we can foresee the price to break through 0.33 and mid term to 0.5 as a target price!!!
Importance Notice :
Projection is based on estimation and I am not responsible for the accuracy of the data provided, Please b informed, I am not a professional or certified analyst. Im not a licensed consultant, just a normal retail investor. Im just sharing my ideas and opinion on the market outlook. Any company mentioned should not b interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk !!!
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