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(Stocks Discussion) SGX: Rex International Holding Ltd (SGX: 5WH)?
Discuss anything about Rex International Holding Ltd SGX: 5WH] share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment in Rex International Holding Ltd SGX: 5WH]
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Gabriel Tham
15 Jan 2020
Tag Team Member at Kenichi Tag Team
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The company has two segments- one technology to measure potential oil well's reserves and secondly, an oil exploration segment which buys plots of underwater land which has an unproven reserves yet, it then uses its tech to locate for potnential oil and they drill hoping to discover oil. They then sell these oil and gas reserves stake to fiance the oil extraction.
Recently, its share price has risen because it struck gold where many of its oil wells were found to contain reserves and then they offloaded it by selling stakes to otehr companies. If you believe Rex owned oil wells still have a lot of undiscovered oil reserve potential, you can buy it. This company is more like buying a Toto ticket, discover oil then shareholders will huat
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Technically Oil and Gas company has a very high capex. High capex leads to low margins.
As you can...
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High risk high reward play here. BB seems to be playing.
Looks like Oil and Gas pennies are now all moving. Not just Rex, also have Ausgroup
Try your luck and take a punt but remember stop loss.