Yes, an excellent stock. Rexit is a very good company with ZERO-DEBTS ! Very very cash RICH ! BUY and keep long term . Technology stocks up because NASDAQ is at all time high
Yes sir, I agreed with you slee, maybe got bonus soon. However the next Qtr Results will be out very soon. Expecting very good results. Just keep our fingers cross.
@hasbullah, IMHO based on TA: weekly slightly over-bot but stll within d bullish region of d boll band. Daily chart shows it's formed a golden cross & today isn't T+4 yet. Jz b-ful v over-bot indicator
When it hit 1.00 next monday. I will go to their HQ in Ara Damansara and thank the management team for creating such a great insurance monopoly business for me to invest in.
@lachai2004 , i can get 87.5c as 100% level in fib projection, as described by u. What abt yr TP of RM0.935, RM1.00? How u get? I can get RM1.04 as 138%
REXIT: Steady growth with solid balance sheet; Signs of bottoming up
Rexit is an established web-based solutions player for the General insurance (e-cover), financial (e-PPA) and legal services (InfoGuardian). Rexit’s business model is the provision of Software as a Service (“SaaS”) which is based on a ‘pay per use’ basis and enjoys an average net profit margins of 32% from FY11-9MFY17. The successful localization and implementation of its software in overseas countries has further enhanced the marketability and the acceptability of its products and services. Share prices fell to a weekly low of RM0.805 (29 May) following its exclusion from the latest Shariah list but managed to end at RM0.84 last Friday. Following the formation of Tweezers bottoms and bottoming up indicators, the stock is poised for further technical rebound to retest immediate resistance at RM0.855 (10-d SMA). A decisive breakout above RM0.855 will spur prices higher towards RM0.875 (50% FR) and RM0.945 (52-week high) before reaching our LT objective at RM0.98 (123.6% FR). Key supports are situated near RM0.80-0.805. Cut loss at RM0.785.
Now,insurance detariffication still left 3 weeks to implement, Rexit will be very busy start on next month and is time to enter the next stage of growth after July.I will going to accumulate more rexit,because it probably to go to main board market and this will attract more fund to come to buy it in the future.
its weekly chart show that it's gone into bull zone since early Feb. But lately it's over-sold but still can hold support above mid-band range...meaning thr is accumulating going on. Daily chart is waiting for a golden cross. Hope no bear market sentiment now. Hope this TA helps
ic...nope, DNex is in consolidation mode now coz it's not fallen into d bear zone despite these several bad market sentiment days. So based on its previous pattern, it'll boom when the time comes. I've accumulated again & again & now its WD is my 2nd biggest portfolio
Can reach 1.50 arh....and how your Sunday break? :-) Ready for tomorrow. If 1.20 can make 1.5k. Should be happy. 1.50'real bonus. Haha. You will get good karma helping small kuchi like me. Take care. :-)
$1.50 is 282% in fib projection which is very unlikely unless d co. is superb. $1.05 (138%) is d next target meanwhile it's wandering at $0.87 (100%) level
hehehe...i'm also on d same boat. of coz if i can sky-rocket, i'll b very happy. I jz stated d calc based on TA only. Of coz it's possible based on my experience
read an article that mentions Rexit. Use google translate if u dunno mandarin: 今天是2017年7月1号,是马来西亚历史性的detarification insurance 的开始,那就是国家银行开放全部保险公司可以推出更优惠的配套,降低车保险的定价,以惠及更多消费者。 大马的车辆高达3000万辆,而且还在不断增加,这是非常大的市场。 小弟看到有两个公司会受惠于这项政策,那既是Aeoncr和 Rexit. 对渴望成长的Aeoncr要摆脱对消费和个人贷款的依赖,逐步进军保险,对车保险的市场虎视眈眈,会推出更加优惠的车保险的配套来抢夺市场,以后大家用aeonr的贷款买交通工具,aeoncr也许可以配下自家的交通保险让消费者买下。 有一个好的例子就是成长中的好股LPI, Public bank 所推出的房屋贷款,都几乎要让消费者为LPI的火险买单。 这造成一路来,LPI 会随着public bank的房屋贷款越做越多,LPI就越可以卖得越来越多的火险,让不少长期持有这公司的股东赚了不少的财富。 Rexit是做保险软件的公司,可以让一些保险公司为了迎合detarifcation insurance市场,协助他们打造自己的平台。 消费者一旦用rexit的保险平台来买车保险,rexit就可以抽佣金,这是无需花费大本钱的赚钱模式 。
don't dispose yet. It jz formed a golden cross today & not yet over-bot. Now let's c if it can break 93c. If yes, then should con't d uptrend. Hope thr isn't any upheaval in d mkt now
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....
B4b4
7,594 posts
Posted by B4b4 > 2017-05-17 09:28 | Report Abuse
Yes, an excellent stock. Rexit is a very good company with ZERO-DEBTS ! Very very cash RICH ! BUY and keep long term . Technology stocks up because NASDAQ is at all time high