The management has guided that they are confident of the performace of coming financial year. At this price, rexit is providing a very attractive DY which should attract long term investor. Hence, i think this consolidating period will end pretty soon and whoever wish to collect for long term can watch out for any reversal sign, which should be ard 73-75 cents. Plus, bank negara is currently trying to increase insurance penetration among malaysian by bringing down the cost of agent. This sits very well with the service rexit is providing esp those which are "pay per use". This can come as a potential surprise for this counter
actually technical wise, there has been a cup and handle breakout with the cup span from 2009 to 2017, and the handle are almost done by now, looking at the previous high, and the amount of time this cup and handle span, the breakout can be very huge
maybe someone press down the price to collect more, EIS skim start from 2018, should benefit to Rexit, soon will rocket high, further can evolve to 块股from仙股 .
For the financial year to-date ended 31 December 2017, revenue rose from RM9.756 million to RM10.653 million. The increase is due mainly from software sales and services, including subscription and transaction fees. For the financial year to-date, the profit before tax ("PBT") rose 7.33% from RM4.719 million in the previous financial year to RM5.065 million. After providing for taxation, the profit after tax ("PAT") improved by 7.54% from RM3.513 million to RM3.778 million.
For the current quarter, Rexit recorded a revenue of RM5.419 million, which has improved compared with the previous quarter mainly due to the increase in subscription and transaction fees, value-added hardware and system software sales. PBT and PAT have also increased inline with the increase in revenue.
Rexit will focus on growing and enhancing its core business offerings in key markets namely Malaysia, Singapore and Hong Kong. Our business model leveraging on our core competencies and strength will ensure a continuous stream of recurring revenue. Rexit is confident that it is in a position to deliver positive results for the next financial year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
darkstar
589 posts
Posted by darkstar > 2017-11-30 21:57 | Report Abuse
REXIT BHD buyback 110,000 shares from 0.825 to 0.845 on 30-Nov-2017.