REXIT (0106)

REXIT BERHAD Summary

0.565

0.000 (0.00%)

Category : Technology - Ace Market

High	0.565
Low	0.565
Volume	14,100
Volume (B/S)	4,200 / 900
Price Bid/Ask	0.560 / 0.565

52w	0.355 - 0.700
ROE	24.32
P/E	12
EPS	4.62
DPS	3.00
DY	5.31%

NTA	0.1900
PTBV	2.97
RPS	12.80
PSR	4
Market Cap	107.0M

YoY

RQoQ RYoY

RSI(14)	Neutral 62.9
Stochastic(14)	Overbought 87.5
Average Volume	99,400
Relative Volume	0.1

30-days Price Larger Chart Technical Charting

EPS	DPS	NTA	Revenue	P/L	Quarter	Q Date	Financial Date	Announced	Net%	Report
1.12	0.000	0.1900	6,003k	2,017k	3	2020-03-31	2020-06-30	2020-05-15	0.9%	View
1.34	0.000	0.1900	6,411k	2,382k	2	2019-12-31	2020-06-30	2020-02-26	37.7%	View
1.14	3.000	0.2100	5,879k	2,025k	1	2019-09-30	2020-06-30	2019-11-27	12.9%	View
1.31	0.000	0.2000	5,934k	2,318k	4	2019-06-30	2019-06-30	2019-08-28	2.8%	View
1.12	0.000	0.1900	5,644k	2,035k	3	2019-03-31	2019-06-30	2019-05-24	11.5%	View
0.95	0.000	0.1800	5,159k	1,730k	2	2018-12-31	2019-06-30	2019-02-27	9.1%	View
1.01	3.000	0.2000	5,245k	1,794k	1	2018-09-30	2019-06-30	2018-11-26	4.3%	View
1.26	0.000	0.1900	5,362k	2,254k	4	2018-06-30	2018-06-30	2018-08-28	1.3%	View
1.02	0.000	0.1800	5,158k	1,825k	3	2018-03-31	2018-06-30	2018-05-15	0.8%	View
1.07	0.000	0.1700	5,419k	1,903k	2	2017-12-31	2018-06-30	2018-02-23	2.8%	View
1.05	3.000	0.1900	5,234k	1,875k	1	2017-09-30	2018-06-30	2017-11-27	12.8%	View
1.24	0.000	0.1800	5,677k	2,226k	4	2017-06-30	2017-06-30	2017-08-25	25.2%	View
1.01	0.000	0.1700	5,143k	1,811k	3	2017-03-31	2017-06-30	2017-05-31	4.7%	View
1.04	0.000	0.1900	4,927k	1,851k	2	2016-12-31	2017-06-30	2017-02-20	9.6%	View
0.93	3.000	0.1800	4,829k	1,662k	1	2016-09-30	2017-06-30	2016-11-25	0.1%	View
0.99	0.000	0.1700	4,835k	1,778k	4	2016-06-30	2016-06-30	2016-08-24	10.8%	View
0.96	0.000	0.1600	5,285k	1,730k	3	2016-03-31	2016-06-30	2016-05-20	0.5%	View
0.93	2.000	0.1700	4,573k	1,689k	2	2015-12-31	2016-06-30	2016-02-23	106.7%	View
0.92	0.000	0.1600	4,144k	1,660k	1	2015-09-30	2016-06-30	2015-11-27	109.9%	View
1.10	0.000	0.1600	4,162k	1,994k	4	2015-06-30	2015-06-30	2015-08-26	115.3%	View
0.95	0.000	0.1500	4,979k	1,722k	3	2015-03-31	2015-06-30	2015-05-15	305.2%	View
0.45	1.500	0.1500	4,158k	817k	2	2014-12-31	2015-06-30	2015-02-13	21.4%	View
0.44	0.000	0.1500	3,545k	791k	1	2014-09-30	2015-06-30	2014-11-24	22.1%	View
0.51	0.000	0.1400	3,015k	926k	4	2014-06-30	2014-06-30	2014-08-28	35.9%	View
0.23	0.000	0.1400	2,480k	425k	3	2014-03-31	2014-06-30	2014-05-16	66.1%	View
0.57	2.000	0.1800	3,445k	1,039k	2	2013-12-31	2014-06-30	2014-02-14	17.3%	View
0.56	2.000	0.1700	2,873k	1,015k	1	2013-09-30	2014-06-30	2013-11-22	13.2%	View
0.79	0.000	0.1700	3,905k	1,444k	4	2013-06-30	2013-06-30	2013-08-28	85.1%	View
0.68	0.000	0.1600	3,082k	1,254k	3	2013-03-31	2013-06-30	2013-05-20	76.1%	View
0.48	2.000	0.1700	2,772k	886k	2	2012-12-31	2013-06-30	2013-02-06	1.1%	View
0.63	0.000	0.1700	4,016k	1,170k	1	2012-09-30	2013-06-30	2012-11-23	15.2%	-
0.42	0.000	0.1600	3,280k	778k	4	2012-06-30	2012-06-30	2012-08-28	31.8%	-
0.38	2.000	0.1800	3,339k	712k	3	2012-03-31	2012-06-30	2012-05-11	30.2%	-
0.48	0.000	0.1800	3,476k	896k	2	2011-12-31	2012-06-30	2012-02-16	26.3%	-
0.55	0.000	0.1700	3,320k	1,016k	1	2011-09-30	2012-06-30	2011-11-25	16.2%	-
0.62	0.000	0.1700	3,728k	1,140k	4	2011-06-30	2011-06-30	2011-08-25	43.8%	-
0.54	0.000	0.1600	4,129k	1,020k	3	2011-03-31	2011-06-30	2011-05-19	8.3%	-
0.64	2.000	0.1700	3,558k	1,216k	2	2010-12-31	2011-06-30	2011-02-18	31.2%	-
0.64	0.000	0.1700	4,038k	1,213k	1	2010-09-30	2011-06-30	2010-11-18	18.6%	-
1.08	0.000	0.1600	5,135k	2,030k	4	2010-06-30	2010-06-30	2010-08-25	1.9%	-
0.59	1.500	0.1700	4,379k	1,112k	3	2010-03-31	2010-06-30	2010-04-29	40.5%	-
0.94	2.000	0.1900	4,210k	1,768k	2	2009-12-31	2010-06-30	2010-01-21	16.6%	-
0.79	0.000	0.1800	3,819k	1,490k	1	2009-09-30	2010-06-30	2009-11-24	13.7%	-
0.97	0.000	0.1700	5,298k	1,833k	4	2009-06-30	2009-06-30	2009-08-26	18.2%	-
0.99	1.500	0.2000	4,092k	1,868k	3	2009-03-31	2009-06-30	2009-05-21	17.7%	View
0.80	2.000	0.1900	5,712k	1,516k	2	2008-12-31	2009-06-30	2009-02-26	34.9%	View
0.91	0.000	0.1800	4,333k	1,726k	1	2008-09-30	2009-06-30	2008-10-30	36.3%	View
1.14	0.000	0.1700	4,566k	2,157k	4	2008-06-30	2008-06-30	2008-08-19	36.6%	View
1.20	1.500	0.1700	6,996k	2,270k	3	2008-03-31	2008-06-30	2008-05-27	2.9%	View
1.23	0.000	0.1600	7,040k	2,328k	2	2007-12-31	2008-06-30	2008-02-21	23.3%	View
1.43	2.000	0.1700	5,360k	2,708k	1	2007-09-30	2008-06-30	2007-11-27	67.1%	View
1.78	2.500	0.1600	6,140k	3,379k	4	2007-06-30	2007-06-30	2007-08-21	87.7%	View
1.23	2.500	0.1600	5,027k	2,337k	3	2007-03-31	2007-06-30	2007-05-23	43.1%	View
1.00	0.000	0.1500	4,844k	1,888k	2	2006-12-31	2007-06-30	2007-02-27	13.9%	View
0.86	0.000	0.1400	4,941k	1,621k	1	2006-09-30	2007-06-30	2006-11-21	7%	View
1.27	0.000	0.1800	4,838k	1,800k	4	2006-06-30	2006-06-30	2006-08-16	0%	View
1.15	0.000	0.1600	4,657k	1,633k	3	2006-03-31	2006-06-30	2006-04-28	0%	View
1.25	0.000	0.1600	5,195k	1,658k	2	2005-12-31	2006-06-30	2006-02-08	0%	View
3.69	0.000	0.1400	3,062k	1,515k	1	2005-09-30	2006-06-30	2005-11-10	0%	View

Financial Year	Revenue ('000)	Net ('000)	EPS	Report
30 Jun, 2020	18,293	6,424	3.60
30 Jun, 2019	21,982	7,877	4.39	View
30 Jun, 2018	21,173	7,857	4.40	View
30 Jun, 2017	20,576	7,550	4.22	View
30 Jun, 2016	18,837	6,857	3.80	View
30 Jun, 2015	16,844	5,324	2.94	View
30 Jun, 2014	11,813	3,405	1.87	View
30 Jun, 2013	13,775	4,754	2.58	View
30 Jun, 2012	13,415	3,402	1.83	View
30 Jun, 2011	15,453	4,589	2.44	View
30 Jun, 2010	17,543	6,400	3.40	View
30 Jun, 2009	19,435	6,943	3.67	View
30 Jun, 2008	23,962	9,463	5.00	View
30 Jun, 2007	20,952	9,225	4.87	View
30 Jun, 2006	17,752	6,606	7.36	View

Announced	Financial Year	Subject	EX Date	Payment Date	Amount	Indicator
27 Nov 2019	30 Jun 2020	Interim Dividend	12 Dec 2019	30 Dec 2019	0.0300	Currency	View
26 Nov 2018	30 Jun 2019	Interim Dividend	10 Dec 2018	27 Dec 2018	0.0300	Currency	View
27 Nov 2017	30 Jun 2018	Interim Dividend	11 Dec 2017	28 Dec 2017	0.0300	Currency	View
25 Nov 2016	30 Jun 2017	Interim Dividend	13 Dec 2016	10 Jan 2017	30.0000	Percentage	View
23 Feb 2016	30 Jun 2016	Interim Dividend	08 Mar 2016	25 Mar 2016	20.0000	Percentage	View
13 Feb 2015	30 Jun 2015	Interim Dividend	03 Mar 2015	18 Mar 2015	15.0000	Percentage	View
14 Feb 2014	30 Jun 2014	Second interim dividend	27 Feb 2014	18 Mar 2014	20.0000	Percentage	View
22 Nov 2013	30 Jun 2014	Interim Dividend	06 Dec 2013	08 Jan 2014	20.0000	Percentage	View
06 Feb 2013	30 Jun 2013	Interim Dividend	22 Feb 2013	12 Mar 2013	20.0000	Percentage	View
11 May 2012	30 Jun 2012	Interim Dividend	24 May 2012	11 Jun 2012	20.0000	Percentage	View
18 Feb 2011	30 Jun 2011	Interim Dividend	08 Mar 2011	25 Mar 2011	20.0000	Percentage	View
29 Apr 2010	30 Jun 2010	Interim Dividend	13 May 2010	25 May 2010	15.0000	Percentage	View
21 Jan 2010	30 Jun 2010	Interim Dividend	04 Feb 2010	12 Feb 2010	20.0000	Percentage	View
21 May 2009	30 Jun 2009	Interim Dividend	03 Jun 2009	22 Jun 2009	15.0000	Percentage	View
26 Feb 2009	30 Jun 2009	Interim Dividend	12 Mar 2009	02 Apr 2009	20.0000	Percentage	View
27 May 2008	30 Jun 2008	Interim Dividend	09 Jun 2008	27 Jun 2008	15.0000	Percentage	View
27 Nov 2007	30 Jun 2008	Interim Dividend	10 Dec 2007	28 Dec 2007	20.0000	Percentage	View
23 May 2007	30 Jun 2007	Interim Dividend	05 Jun 2007	26 Jun 2007	25.0000	Percentage	View
08 Feb 2006	30 Jun 2006	Interim Dividend	24 Feb 2006	16 Mar 2006	10.0000	Percentage	View

Announced	EX Date	Subject	Ratio
15 Jun 2006	03 Jul 2006	Bonus Issue	1 : 3	View

Name	Price	Change	Volume	Gearing	Premium	Premium %

No warrants found.

Announced	Date Change	Type	Shares	Name
20 Jun 2019	18 Jun 2019	Disposed	880,000	DATO' ABDUL MURAD BIN KHALID
20 Jun 2019	18 Jun 2019	Disposed	880,000	DATO' ABDUL MURAD BIN KHALID
17 Jun 2019	14 Jun 2019	Disposed	20,000	DATO' ABDUL MURAD BIN KHALID
17 Jun 2019	14 Jun 2019	Disposed	20,000	DATO' ABDUL MURAD BIN KHALID

Recent Announcements

Quarterly rpt on consolidated results for the financial period ended 31/03/2020

2020-05-15
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016

2020-05-13
Immediate Announcement on Shares Buy Back

2020-03-27
Immediate Announcement on Shares Buy Back

2020-03-19
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016

2020-03-17

Comments

Sam Lee

$KLSE-REXIT

Theme: Passive Aggressive Mid to Long term Strategy

We came to notice rexit company last week based on their recent quarter result. At a glance the company have not move much since the last drop during March 18. Rexit with the unique business.

Business
Rexit offers integrated financial solution which covers general insurance, unit trust management system and legal practice management. in short, practically they offer company with a web based solutions to cater for front-liners (sales and marketing) agents.

1) e- cover - it's a web based solutions which provides an online system for insurance companies and their intermediaries. the business model is run by SaaS model which is pay per use.
2) e-ppa - enabling online unit trust investment through EPF. traditionally, alot of allocation are done manually or through agents meeting face to face and submitting their application in a hardcopy format. now this has been shifted to online application.
3) infoguardian - it is a work flow management system. this solutions provide an integrated workflow, case management and docent management system for financial and legal services.

Simple financials
1) net cash of of 14 million and zero debt company. defensive play.
2) sales revenue compounded annual growth of around 30% for the past 6 years.
3) Asset light model - asset (ppe) comprise of only 10% of the total asset.
4) Clean accounts. - only 300k in Goodwill as compare to most company such as green packet (7billion in Goodwill) and krono (100million in Goodwill). prudent management which will not give surprises (huge impairement losses).
5) profit margin of 30%.
6) Roe of 24%
7) dividend of 5%.
- without further looking into details, the company has a very clean balance sheet. if there is a scoring for it, it will have gotten 90/100 marks.

why its passive aggressive? we would expect that with mco being lifted and post covid, more businesses, agents, companies, mnc, individual, will adapt to online system and we have seen the growth in adaptability of the online system. the management of rexit is very prudent whereby they don't make aggressive acquisition or even manipulate the share price. which is why it makes the company look boring as retailers loves to gamble. in this case, they can't.

earnings projection. assuming they were to maintain eps of 1.10 cents next 2 quarters and improvement in business to 1.30 cents and pe of 14/15 it will give them a value of 72 cents which is 30% margin of safety. technology sector which demand only a 15 pe, will be quite safe. is it enough? at current economic situation, we would start placing some of our investment in more defensive yet there is room for growth counters. the further upside based on their current financials, they could have gone to main market anytime in the future. any proposal to go to main market will give a boost to the company.

disclaimer: this is not a buy or sell call but more towards sharing purposes.

1 week · translate ·

Previous replies (1)

Sam Lee

Nope..my fren did that..i jus share to here..

Like · 4 days · translate

Fei Teng

very good analysis anyway..but only concern is whether the company will take the chance to expand their business

Like · 4 days · translate

louis chiok

they provide online services for insurance company, coming days with social distancing being encouraged would this company benefit from more demand of online services from its insurance companies ?