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Rex International Holding Ltd.
(SGX:5WH)
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Rating:41Neutral
Price Target:
S$0.06
â–¼(-18.57% Downside)
Action:Reiterated
Date:07/25/26
The score is primarily weighed down by financial performance: despite strong recent revenue growth, the company still reports net losses, has rising leverage, and generated negative free cash flow in the last two years. Technicals add only limited support due to overbought momentum and a weak longer-term trend, while valuation is also restrained by a negative P/E and no dividend yield data.
Positive Factors
Historical revenue growth and gross margins
Strong revenue expansion across 2023 and 2024, alongside a broadly stable gross-margin range, indicates that the upstream portfolio generated meaningful commercial traction. If production and field economics remain supportive, this scale can provide a foundation for improving operating leverage over the next several quarters.
Negative Factors
Persistent net losses
Ongoing net losses show that revenue growth has not yet translated into sustainable bottom-line profitability. The still-negative 2024 margin limits internally generated capital, weakens returns on the equity base, and leaves the company more exposed if operating performance does not stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical revenue growth and gross margins
Strong revenue expansion across 2023 and 2024, alongside a broadly stable gross-margin range, indicates that the upstream portfolio generated meaningful commercial traction. If production and field economics remain supportive, this scale can provide a foundation for improving operating leverage over the next several quarters.
Read all positive factors
Rex International Holding Ltd. (5WH) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$80.66M
Dividend Yield5.78%
Average Volume (3M)2.67M
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth-24.59%
EPS Growth64.06%
CountrySG
Employees70
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,357,440,900
10 Day Avg. Volume2,198,130
30 Day Avg. Volume2,673,160
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)4.45
Price to Sales (P/S)0.00
P/FCF Ratio-6.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)S$527.60M
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 G...
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 productio...
Rex International Holding Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
34
Negative
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 298.88M | 222.39M | 170.26M | 158.47M |
| Gross Profit | 0.00 | 99.13M | 64.48M | 64.04M | 81.33M |
| EBITDA | ― | 121.61M | 64.64M | 38.59M | 110.91M |
| Net Income | -2.26K | -41.05M | -63.91M | -1.00M | -1.81K |
Balance Sheet | |||||
| Total Assets | 2.13K | 572.28M | 613.22M | 668.56M | 543.16M |
| Cash, Cash Equivalents and Short-Term Investments | 61.00 | 130.17M | 114.04M | 138.80M | 86.91M |
| Total Debt | 612.00 | 143.88M | 106.21M | 92.99M | 56.19M |
| Total Liabilities | 1.13K | 508.31M | 498.46M | 480.07M | 343.90M |
| Stockholders Equity | 1.00K | 62.40M | 105.51M | 176.55M | 186.36M |
Cash Flow | |||||
| Free Cash Flow | -740.00 | -28.65M | -15.69M | 32.47M | 15.49M |
| Operating Cash Flow | -740.00 | 84.50M | 52.01M | 169.06M | 89.40M |
| Investing Cash Flow | -341.00 | -85.00M | -63.04M | -137.26M | -74.00M |
| Financing Cash Flow | 838.00 | 26.62M | -10.16M | 21.92M | 13.14M |
Rex International Holding Ltd. Technical Analysis
Negative
0.07
Price Trends
0.07
Negative
0.07
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
41.25
Neutral
13.10
Positive
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 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.25 is Neutral, neither overbought nor oversold. The STOCH value of 13.10 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
UnderperformOutperform
Sector (65)
SG:5WH
Rex International Holding Ltd.
0.06
-0.11
-65.71%
SG:5GI
Interra Resources Ltd.
0.04
0.00
0.00%
SG:5AU
AP Oil International Limited
0.13
-0.01
-9.42%
SG:T13
RH Petrogas Limited
0.16
-0.01
-6.43%
SG:TPED
PTT Exploration and Production Public Co Ltd Shs Singapore Depositary Receipt Repr 1 NDVR
5.54
1.22
28.39%
SG:HPCD
PetroChina Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh
3.09
0.85
37.95%
Rex International Holding Ltd. Corporate Events
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-c...
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....
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...
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 ...
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.