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Latest Forum Topics / Rex Intl    Last:0.072    -0.002  Post Reply
China Fishery - Low PE
benjidog
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29-Sep-2021 09:41     
 
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 Alert Admin 		Those hold 215 see 235 ? Those sell 215, see 20/205 ? Bull or bear ? Meanwhile, Brent futures hold above USD75, see 80
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benjidog
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29-Sep-2021 09:38     
 
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 Alert Admin 		Hmm...is it a good idea to short? What do the rest of you think?

easywin      ( Date: 29-Sep-2021 09:22) Posted:

Today shortists taking advantage to short Rex with Dow down 569 points to earn easy money 

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easywin
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29-Sep-2021 09:22     
 
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 Alert Admin 		Today shortists taking advantage to short Rex with Dow down 569 points to earn easy money 
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SAVIORFOREVER
Supreme
29-Sep-2021 08:47     
 
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 Alert Admin 		Distribution in progress?

Bid Bid Vol(K) Ask Ask Vol(K)
0.210 3,261.6 0.210 795
0.205 7,219.4 0.215 3,361.2
0.200 9,268.1 0.220 3,636.2
0.199 1,270 0.225 8,971.3
0.198 430 0.230 9,280.7
0.197 38 0.235 7,202.8
0.196 107 0.240 1,735.4
0.195 267.1 0.245 1,796.5
0.194 57 0.250 2,063
0.193 411 0.255 131.9
0.192 570.6 0.260 305
0.191 435 0.265 5
0.190 267.3 0.270 195



Trade with caution and DYODD
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benjidog
Supreme
29-Sep-2021 07:08     
 
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 Alert Admin 		One month ago, Brent was around 65 range...now it around 80 range.

boyboy61      ( Date: 19-Aug-2021 04:27) Posted:

Brent now 67.15

gregtan123      ( Date: 18-Aug-2021 13:17) Posted:

Rex International Holding Ltd (REXI SP)

 



Company Update:  18  August 2021
 


Bulking its war chest
  • Good start even better second half.  Rex International Holding (Rex) reported its highest semi-annual revenue since listing in 2013. Rex&rsquo s 1H2021 PATMI of US$24.0mn is a significant reversal from the US$20.1mn loss in 1H2020, driven by higher production and oil prices. We expect better performance ahead as the group grows organically and through acquisitions.
  • Record free cash flows.  Free cash flow generated by oil and gas companies are expected to break records this year with oil currently close to US$70 per barrel. For Rex, the windfall will continue to strengthen its already strong balance sheet and give it opportunities to diversify.  
  • We maintain an  Outperform  recommendation while raising our DCF-backed  target price to S$0.33, factoring in higher production from Oman.

Good first half



Rex reported a 1H2021 PATMI of US$23.9mn, making up 21% of our updated full-year forecast of US$115.3mn. This is line with our expectations as Rex will benefit from the full effect of higher oil prices and contribution from Brage in the second half of 2021. Net cash (Cash + quoted investments &ndash debt) strengthened to US$21.3mn as at end June 2021. The group generated positive operating cash flows of US$17.8mn and spent US$22.0mn on E& P capex. Its net cash should be at least US$42mn higher (net to Rex as per our estimates) given that it only received the sale of oil from three liftings in July and August 2021.

Even better going forward



The acquisition of the 33.84% interest in the oil producing Brage Field in Norway will be effective from 1 January 2021, after approval from the Norwegian authorities. Brage Field will add around 3.4k barrels of oil production per day net to Rex&rsquo s subsidiary, Lime Petroleum. We estimate this will translate to around US$20mn free cash flow net to Rex in 2021. The acquisition will be funded by the US$60mn senior secured bond that was fully subscribed back in June 2021.   For the year ahead, based on US$65 oil price, we forecast Rex&rsquo s net cash position to surge to US$107mn by FY2022F. This is equivalent to S$144mn or 58% of the group&rsquo s current market capitalisation (based on 19.2 Sing cents share price).

We are bullish on oil prices

Rex&rsquo s average realised oil price was US$62 per barrel in 1H2021, an increase from US$23 per barrel in 1H2020. Brent oil prices have remained resilient above US$68 per barrel since May, despite concerns over the rising Covid cases in China. While China has recently reduced oil imports, it is at the expense of drawing down its onshore storage levels. Hence, China will eventually have to begin increasing oil imports later this year. Furthermore, global crude inventories continue to decline. Overall, we should see a positive tailwind to oil prices driven by China&rsquo s resumption of oil imports going into the fourth quarter, as well as an accelerating economic recovery in 2022.

https://www.kgieworld.sg/research/rex-international/?utm_source=rss& utm_medium=rss& utm_campaign=rex-international
 


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boyboy61
Supreme
29-Sep-2021 06:49     
 
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 Alert Admin 		Lofty dreams....hope it turn out as you see it

benjidog      ( Date: 28-Sep-2021 13:46) Posted:

yup...empty sell q beyond 235...

those hold 215 see 235

those hold 235 see  250

250 see 27/275

275...30/305. 

SAVIORFOREVER      ( Date: 28-Sep-2021 13:31) Posted:

No seller 270

Bid Bid Vol(K) Ask Ask Vol(K)
0.210 6,176.8 0.215 11,214.2
0.205 10,004.6 0.220 11,992.2
0.200 10,125.5 0.225 8,546.9
0.199 1,961.1 0.230 8,802.5
0.198 1,070 0.235 5,574.2
0.197 838 0.240 2,143.8
0.196 707 0.245 2,046.5
0.195 674.3 0.250 2,153.6
0.194 647 0.255 606
0.193 911 0.260 175
0.192 570.6 0.265 5
0.191 485 0.275 57



Trade with awareness and DYODD
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boyboy61
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29-Sep-2021 06:47     
 
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 Alert Admin 		Sell when people buying,.........
Buy when people selling..........
Oil price will not go up in line
Be nimble.......

peterwong321      ( Date: 28-Sep-2021 20:12) Posted:

I enter 0.19x din sell it should cross 0.230 soon, oil price going 100 dollars
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peterwong321
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28-Sep-2021 20:12     
 
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 Alert Admin 		I enter 0.19x din sell it should cross 0.230 soon, oil price going 100 dollars
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makdatok
Supreme
28-Sep-2021 19:57     
 
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 Alert Admin 		No need to see...Just wait till 28c..This one can do term play
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benjidog
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28-Sep-2021 19:09     
 
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 Alert Admin 		These are "Huat" news akan datang...thanks for reminder blessings.

blesskeemun      ( Date: 28-Sep-2021 19:03) Posted:

The option must be exercised prior to October 1, 2021. Drilling in PL1041, targeting the Lyderhorn prospect, is scheduled to start in November 2021. To remind, Lime in June also agreed to acquire from Repsol stakes the Brage field and five nearby licenses in the North Sea, offshore Norway. These news are coming and in the pipeline to announce.

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blesskeemun
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28-Sep-2021 19:03     
 
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 Alert Admin 		The option must be exercised prior to October 1, 2021. Drilling in PL1041, targeting the Lyderhorn prospect, is scheduled to start in November 2021. To remind, Lime in June also agreed to acquire from Repsol stakes the Brage field and five nearby licenses in the North Sea, offshore Norway. These news are coming and in the pipeline to announce.
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kt3152
Supreme
28-Sep-2021 15:40     
 
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 Alert Admin 		Actually not big. BB can Q back to sell and buy/sell on the way up... Current sell Q is less than 60m.....

TraderBen      ( Date: 28-Sep-2021 15:26) Posted:

one thing i dun understand.. float only 1.3b shares... every level so big block.. 

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TraderBen
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28-Sep-2021 15:26     
 
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 Alert Admin 		one thing i dun understand.. float only 1.3b shares... every level so big block.. 
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benjidog
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28-Sep-2021 13:46     
 
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 Alert Admin 		yup...empty sell q beyond 235...

those hold 215 see 235

those hold 235 see  250

250 see 27/275

275...30/305. 

SAVIORFOREVER      ( Date: 28-Sep-2021 13:31) Posted:

No seller 270

Bid Bid Vol(K) Ask Ask Vol(K)
0.210 6,176.8 0.215 11,214.2
0.205 10,004.6 0.220 11,992.2
0.200 10,125.5 0.225 8,546.9
0.199 1,961.1 0.230 8,802.5
0.198 1,070 0.235 5,574.2
0.197 838 0.240 2,143.8
0.196 707 0.245 2,046.5
0.195 674.3 0.250 2,153.6
0.194 647 0.255 606
0.193 911 0.260 175
0.192 570.6 0.265 5
0.191 485 0.275 57



Trade with awareness and DYODD

benjidog      ( Date: 28-Sep-2021 13:07) Posted:

good to see it go up today.... hope it trends upwards towards 2
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benjidog
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28-Sep-2021 13:43     
 
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 Alert Admin 		Brent Futures (Dec Contracts) ...touching $80/barrel

Rex lifting Oman oil at these prices... time for re-rating ... UOB should come out with their analyst report...now is good time...

put Rex and Rh into limelight....push towards 27 for Rex...see 30 and above...and 20..then 25 for Rh
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SAVIORFOREVER
Supreme
28-Sep-2021 13:31     
 
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 Alert Admin 		No seller 270

Bid Bid Vol(K) Ask Ask Vol(K)
0.210 6,176.8 0.215 11,214.2
0.205 10,004.6 0.220 11,992.2
0.200 10,125.5 0.225 8,546.9
0.199 1,961.1 0.230 8,802.5
0.198 1,070 0.235 5,574.2
0.197 838 0.240 2,143.8
0.196 707 0.245 2,046.5
0.195 674.3 0.250 2,153.6
0.194 647 0.255 606
0.193 911 0.260 175
0.192 570.6 0.265 5
0.191 485 0.275 57



Trade with awareness and DYODD

benjidog      ( Date: 28-Sep-2021 13:07) Posted:

good to see it go up today.... hope it trends upwards towards 27

benjidog      ( Date: 28-Sep-2021 09:49) Posted:

After 10am...UP
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stanip
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28-Sep-2021 13:18     
 
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 Alert Admin 		RHP up 16% from morning till now! Rex still has room to go. Oil price continues its uptrend. 
 
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benjidog
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28-Sep-2021 13:07     
 
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 Alert Admin 		good to see it go up today.... hope it trends upwards towards 27

benjidog      ( Date: 28-Sep-2021 09:49) Posted:

After 10am...UP
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Midtermer
Master
28-Sep-2021 12:37     
 
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 Alert Admin 		Likely fake.

piscesmonkey      ( Date: 28-Sep-2021 12:32) Posted:

Hmmm 10m sell at 205?
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piscesmonkey
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28-Sep-2021 12:32     
 
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 Alert Admin 		Hmmm 10m sell at 205?
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