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501-520 of 9971
when Brent oil future back to above $120 in the next few days
shortist pants will drop !!
shortist pants will drop !!
lailai ( Date: 14-Mar-2022 09:50) Posted:
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Think he gave up battling alone against the shortie syndies.
Need MTF to tackle the stock manipulation problem. That may bring some reputation to Asia' s worxx stock mkt.
Kongsi is 7c eps oil counter with huge cash in hand, kena bashed down like peanut stock of 37c, when Brent is trading at US$111, and not 30 or 40 lollars. Wat a joke played by shorties in sgx. Lidat who dare to buy, even instit/funds aso stay away.
Need MTF to tackle the stock manipulation problem. That may bring some reputation to Asia' s worxx stock mkt.
Kongsi is 7c eps oil counter with huge cash in hand, kena bashed down like peanut stock of 37c, when Brent is trading at US$111, and not 30 or 40 lollars. Wat a joke played by shorties in sgx. Lidat who dare to buy, even instit/funds aso stay away.
Huatsweeswee ( Date: 14-Mar-2022 08:41) Posted:
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Ben is still here.
So many "smart?" experts here.
You can PM message if want.
So many "smart?" experts here.
You can PM message if want.
Ben disappear
Cos oil red now mah
Huatsweeswee ( Date: 14-Mar-2022 08:08) Posted:
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So quiiet
Nice time for profit taking last week, Money into the pockets.. now waiting to buy back cheaper price..
ysh2006 ( Date: 13-Mar-2022 11:38) Posted:
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First must recover fr last close of 0.380...ideally cross into 4 series....fr Mon onwards....
Hope soon
Many brokering houses also upgrading this Rex Int now war continue should have chances to reach target soon...
Based on industry average of 10pe, Rex should be trading at around 70c.
Present price levels are suppressed because we are still a mickey mouse market. lol
Present price levels are suppressed because we are still a mickey mouse market. lol
Joelton ( Date: 12-Mar-2022 09:59) Posted:
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KGI raises Rex International target price to S$0.54 on higher oil prices
OIL and gas company Rex International Rex Intl: 5WH -2.56% is set to benefit from rising oil prices as well as its strong balance sheet, said KGI Securities.
In a report on Friday (Mar 11), analyst Joel Ng raised his target price on the counter to S$0.54 from S$0.40, and maintained his " outperform" call, after raising forecasts for oil prices.
Shares of Rex were trading at S$0.37 at 10.25 am on Friday, down S$0.02 or 5.1 per cent.
The brokerage had raised its oil price forecasts to US$90 per barrel from US$75, amid recent price rallies due to supply disruptions and the Ukraine conflict.
Ng said while market estimates for oil prices are ranging from US$120 to US$150, a more sustainable and healthy oil price should be between US$90 and US$110 per barrel to avoid demand destruction.
Rex' s FY2021 profit after tax of US$78.9 million was a " significant turnaround" from the US$15.2 million loss it reported in FY2020, driven by a higher average realised oil price of US$67 per barrel, from US$34 a year earlier.
From FY2022 onwards, the company will also recognise revenue and profits from the oil-producing Brage Field in Norway, the acquisition of which was completed at the end of 2021.
As for its increased cash flow, it provides it " a sizeable war chest" to fund growth and diversification plans, Ng said. He expects Rex' s production sharing contracts in offshore Malaysia to also provide a great opportunity to expand its oil reserves and diversify its source of cash flows.
The analyst said Rex' s strong balance sheet, free cash flow generation and access to capital differentiates it from other exploration and production companies.
In addition, Ng expects Rex' s transfer to the mainboard of the Singapore Exchange to help the company reach a wider investor base and facilitate greater access to equity and debt markets.
Futures jump as Putin hints at 'positive shifts' in talks with Ukraine
Wow dow future rocket up + 400. Peace liao?
Brokers' take: KGI raises Rex International target price to S$0.54 on higher oil prices
FRI, MAR 11, 2022 - 11:00 AM
OIL and gas company Rex International is set to benefit from rising oil prices as well as its strong balance sheet, said KGI Securities.
BT PHOTO: LIN ZHAOWEI
OIL and gas company Rex International Rex Intl: 5WH -2.56% is set to benefit from rising oil prices as well as its strong balance sheet, said KGI Securities.
In a report on Friday (Mar 11), analyst Joel Ng raised his target price on the counter to S$0.54 from S$0.40, and maintained his " outperform" call, after raising forecasts for oil prices.
Shares of Rex were trading at S$0.37 at 10.25 am on Friday, down S$0.02 or 5.1 per cent.
The brokerage had raised its oil price forecasts to US$90 per barrel from US$75, amid recent price rallies due to supply disruptions and the Ukraine conflict.
Ng said while market estimates for oil prices are ranging from US$120 to US$150, a more sustainable and healthy oil price should be between US$90 and US$110 per barrel to avoid demand destruction.
Rex' s FY2021 profit after tax of US$78.9 million was a " significant turnaround" from the US$15.2 million loss it reported in FY2020, driven by a higher average realised oil price of US$67 per barrel, from US$34 a year earlier.
Rex aims to pay out dividend of $0.02 per annum on quarterly basis. Assuming you buy now at 0.38, the yield will be 20/380 = 5.2%
This is quite attractive!
This is quite attractive!
Petrol pump price for Grade 95 now at $3.23 per litre. Unlike our neighbour, where motorists there pay a subsidised fuel price of RM2.05 per litre (fixed at that price since Mar 2019). However their Grade 97 has moved from RM2.35 to RM3.75 with no subsidy.
Fuel tax is the culprit.
Fuel tax is the culprit.
I am no shortist, but let the shortists do the work for me.
Waiting to collect more in the low 30s.
Waiting to collect more in the low 30s.
Bid Bid Vol(K) Ask Ask Vol(K)
0.370 2,112.8 0.375 1,930.7
0.365 4,126.8 0.380 3,539.8
0.360 3,432.1 0.385 3,311.2
0.355 2,861.9 0.390 4,483.6
0.350 2,382.5 0.395 3,341.2
0.345 1,594.7 0.400 3,562.6
0.340 3,778.8 0.405 2,791.8
0.335 1,581.4 0.410 3,648.8
0.330 1,757.5 0.415 1,602.8
0.325 1,226.8 0.420 1,169.1
0.320 1,055.1 0.425 3,088.6
0.315 500 0.430 1,613.6
0.310 560 0.435 1,580.2
0.305 550 0.440 733.5
0.300 766.1 0.445 1,008
Trade with awareness and DYODD
0.370 2,112.8 0.375 1,930.7
0.365 4,126.8 0.380 3,539.8
0.360 3,432.1 0.385 3,311.2
0.355 2,861.9 0.390 4,483.6
0.350 2,382.5 0.395 3,341.2
0.345 1,594.7 0.400 3,562.6
0.340 3,778.8 0.405 2,791.8
0.335 1,581.4 0.410 3,648.8
0.330 1,757.5 0.415 1,602.8
0.325 1,226.8 0.420 1,169.1
0.320 1,055.1 0.425 3,088.6
0.315 500 0.430 1,613.6
0.310 560 0.435 1,580.2
0.305 550 0.440 733.5
0.300 766.1 0.445 1,008
Trade with awareness and DYODD
Nothing positive to look forwards anymore. Time to switch ship as there are better ships out there.
sengkang ( Date: 10-Mar-2022 15:24) Posted:
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