REX INTERNATIONAL . Worth a buy now ?

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10 years 1 month ago #19557 by ZEN

POST IPO IT RALLIED TO A HIGH OF 97 CENTS . AND HAD CORRECTED TO CURRENT PRICE .


Target price of S$1.27 is derived from the risked NAV of Rex’s oil concessions, using the expected monetary value methodology based on average rates of exploration success from conventional methods of analysis.

We have not imputed improved success rates with the use of RT, which may provide further upside to our target valuation if RT proves to be successful.

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10 years 1 month ago #19573 by pine
Rex is still a concept play and everybody's waiting for it to turn on the money tap. Can it? When?

According to UOB KH, this year Rex will start to show revenue & profit. But it's still too small, so on a PE basis, it's still about when's the big money flow coming?

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10 years 1 month ago #19578 by ZEN
LOOKING AT THE TECHNICALS , THE STOCK LOOKS CONSOLIDATED AND BULLISH AND POISED FOR A RALLY

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10 years 1 month ago #19613 by yeng
Show me the money (revenue/profit) first.

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10 years 2 weeks ago #19793 by lsiewfatt
My research shown this company technology is in the right direction. Its a matter of time for them to hit a big gold pot. Will move in when it start to move.

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10 years 2 weeks ago #19799 by yeng
REX (60.5 cents) currently commands a market value of S$662 million ---> which means it has to deliver strong pipeline of earnings to justify it. Until the first hint of oil strike happens, it's hard to see the market cap running very much higher.

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