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Rex International Holding Ltd. (5WH) AI Stock Analysis

SG:5WH

Rex International Holding Ltd.

(SGX:5WH)

Select Model
Rating:40Underperform
Price Target:SGD 0.05â–¼(-5.66% Downside)
Action:downgraded
Date:10/16/26

The score is held down primarily by weak financial quality (ongoing net losses, higher leverage, and negative free cash flow in 2023–2024). Technicals also remain bearish with the price below major moving averages and negative momentum. Valuation provides limited offset because the negative P/E reflects unprofitable operations and no dividend yield data is available.

Positive Factors
Revenue ExpansionStrong revenue expansion indicates improving production, realized sales, or field contribution across the upstream portfolio. If sustained, this broader revenue base can support operating leverage, fund development priorities, and strengthen the company’s position in its targeted petroleum markets.
Negative Factors
Persistent Net LossesPersistent net losses show that revenue growth has not yet translated into sustainable bottom-line profitability. Negative margins reduce retained funding for exploration and development, weaken capital efficiency, and leave results vulnerable if operating conditions deteriorate.

Rex International Holding Ltd. (5WH) vs. iShares MSCI Singapore ETF (EWS)

-80%-60%-40%-20%0%20%40%SG:5WH-68.26%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 71.94M
Dividend Yield
―
Average Volume (3M)
2.50M
Price to Earnings (P/E)
-1.1
Beta (1Y)
0.74
Revenue Growth
-24.59%
EPS Growth
64.06%
Country
Singapore
Employees
70
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

Rex International Holding Ltd. Business Overview & Revenue Model

Company Description

Rex International Holding Limited, established in Singapore in 2013, operates as an investment holding company with a primary focus on upstream oil and gas exploration and production. Its operations are divided into two key segments. The Oil and Gas...

How the Company Makes Money

Rex International primarily makes money from upstream oil and gas activities, where revenue is generated by selling produced crude oil and/or natural gas from fields in which it holds working interests. Its top-line results are driven by production v...

Rex International Holding Ltd. Financial Statement Overview

Summary

Strong revenue growth in 2023–2024 and decent gross margins are outweighed by continued net losses (negative net margins through 2024), rising leverage (debt-to-equity up to ~2.31 in 2024), and negative free cash flow in 2023–2024 despite positive operating cash flow.

Income Statement

38Negative

Balance Sheet

34Negative

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue00298.88M222.39M170.26M158.47M
Gross Profit0099.13M64.48M64.04M81.33M
EBITDA-905―121.61M64.64M38.59M110.91M
Net Income-2,262-2,262-41.05M-63.91M-1.00M-1,811
Balance Sheet
Total Assets2,1282,128572.28M613.22M668.56M543.16M
Cash, Cash Equivalents and Short-Term Investments6161130.17M114.04M138.80M86.91M
Total Debt612612143.88M106.21M92.99M56.19M
Total Liabilities1,1251,125508.31M498.46M480.07M343.90M
Stockholders Equity1,0031,00362.40M105.51M176.55M186.36M
Cash Flow
Free Cash Flow-740-740-28.65M-15.69M32.47M15.49M
Operating Cash Flow-740-74084.50M52.01M169.06M89.40M
Investing Cash Flow-341-341-85.00M-63.04M-137.26M-74.00M
Financing Cash Flow83883826.62M-10.16M21.92M13.14M

Rex International Holding Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.05

Price Trends

50DMA0.06Negative
100DMA0.07Negative
200DMA0.09Negative

Market Momentum

MACD-0.00Positive
RSI35.98Neutral
STOCH14.29Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5WH, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 35.98 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:5WH.

Rex International Holding Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

SG:5WH against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:5AUSG:5AU71OutperformSGD 21.39M14.132.61%3.85%6.00%-25.81%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
SG:5WHSG:5WH40UnderperformSGD 71.25M-1.07-0.01%―-24.59%64.06%

* Energy Sector Average

Performance Comparison

-50%0%50%SG:5WHSG:5GISG:5AUSG:T13SG:TPEDSG:HPCDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:5WH and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:5WHRex International Holding Ltd.0.05-0.12-69.01%
SG:5GIInterra Resources Ltd.0.040.000.00%
SG:5AUAP Oil International Limited0.13-0.01-3.70%
SG:T13RH Petrogas Limited0.15-0.02-9.52%
SG:TPEDPTT Exploration and Production Public Co Ltd Shs Singapore Depositary Receipt Repr 1 NDVR6.212.1352.24%
SG:HPCDPetroChina Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh3.520.8933.94%

Rex International Holding Ltd. Corporate Events

Rex International Updates Shareholders on Disputed Charter Termination and Ongoing Arbitration

Oct 8, 2026

Rex International Holding Limited has provided an update on ongoing arbitration proceedings involving a charterparty dated 10 July 2025 between the vessel owners and the charterers within its group. Following the earlier commencement of arbitration,...

Rex Subsidiary Jasmine Energy Secures Bondholder Waiver and Amendments

Sep 15, 2026

Rex International Holding Ltd. has announced that bondholders of its subsidiary Jasmine Energy Ltd. have approved a written resolution concerning JEL’s 14% senior secured USD 25 million bonds maturing 2025/2028. The decision relates to non-comp...

Rex International trims Xer Tech stake to refocus on core oil and gas

Sep 15, 2026

Rex International Holding Ltd. has agreed to reduce its indirect stake in Xer Tech Holding AB from about 50.4 percent to 49.7 percent, following sale and purchase agreements signed by its wholly owned subsidiary Rex Technology Investments Pte Ltd. Th...

Rex International Announces Change of Company Secretaries

Aug 19, 2026

Rex International Holding Ltd. has announced a change in its corporate secretariat, appointing Ms Siau Kuei Lian as Company Secretary effective 19 August 2026. The move follows the resignation of former Company Secretaries Ms Lin Moi Heyang and Ms Ta...

Rex International Clears Benin Vessel Contracts After Internal Review

Aug 7, 2026

Rex International Holding has concluded an internal fact-finding exercise into concerns raised by former independent non-executive director Beverley Ann Smith over the review and approval of time charter contracts for a mobile offshore production uni...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 16, 2026