Major Estimate Revision • May 26
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from RM0.057 to RM0.05 per share. Revenue forecast steady at RM34.4m. Net income forecast to shrink 7.5% next year vs 37% growth forecast for Software industry in Malaysia . Consensus price target down from RM0.70 to RM0.59. Share price rose 4.5% to RM0.58 over the past week. New Risk • May 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (RM103.9m market cap, or US$26.2m). Reported Earnings • May 21
First quarter 2026 earnings released: EPS: RM0.036 (vs RM0.012 in 1Q 2025) First quarter 2026 results: EPS: RM0.036 (up from RM0.012 in 1Q 2025). Revenue: RM8.61m (up 8.8% from 1Q 2025). Net income: RM6.28m (up 214% from 1Q 2025). Profit margin: 73% (up from 25% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Price Target Changed • May 21
Price target decreased by 16% to RM0.59 Down from RM0.70, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RM0.57. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of RM0.05 for next year compared to RM0.032 last year. Announcement • Apr 29
OpenMove AI Berhad, Annual General Meeting, Jun 09, 2026 OpenMove AI Berhad, Annual General Meeting, Jun 09, 2026, at 09:00 Singapore Standard Time. Location: view on eleven hall, level 11, royale chulan the curve, 6 jalan pju 7/3, mutiara damansara, 47800 petaling jaya, selangor darul ehsan, Malaysia New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 116% Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (RM113.5m market cap, or US$28.8m). Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: RM0.032 (vs RM0.064 in FY 2024) Full year 2025 results: EPS: RM0.032 (down from RM0.064 in FY 2024). Revenue: RM33.4m (up 3.7% from FY 2024). Net income: RM5.53m (down 50% from FY 2024). Profit margin: 17% (down from 34% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: RM0.008 (vs RM0.01 in 3Q 2024) Third quarter 2025 results: EPS: RM0.008 (down from RM0.01 in 3Q 2024). Revenue: RM8.57m (up 14% from 3Q 2024). Net income: RM1.45m (down 18% from 3Q 2024). Profit margin: 17% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.008 (vs RM0.017 in 2Q 2024) Second quarter 2025 results: EPS: RM0.008 (down from RM0.017 in 2Q 2024). Revenue: RM7.84m (up 6.0% from 2Q 2024). Net income: RM1.43m (down 52% from 2Q 2024). Profit margin: 18% (down from 40% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 19% and the cash payout ratio is 84%. Trailing yield: 8.2%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.9%). Announcement • Apr 29
Rexit Berhad, Annual General Meeting, May 27, 2025 Rexit Berhad, Annual General Meeting, May 27, 2025, at 09:00 Singapore Standard Time. Location: 10, jalan pju 7/6, mutiara damansara, 47800 petaling jaya, selangor darul ehsan, Malaysia New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (59% accrual ratio). Minor Risks Dividend is not well covered by earnings (0% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (RM107.4m market cap, or US$24.0m). Reported Earnings • Feb 27
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.023 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (down from RM0.023 in 2Q 2024). Revenue: RM7.34m (down 21% from 2Q 2024). Net income: RM1.66m (down 59% from 2Q 2024). Profit margin: 23% (down from 43% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Software industry in Asia are expected to grow by 17%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Rexit Berhad Announces Appointment of Lim Yen Teng as Joint Secretary Rexit Berhad announced appointment of Lim Yen Teng as Joint Secretary. License No is LS0010182. Date Of Change is 26 February 2025. Upcoming Dividend • Jan 24
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 31 January 2025. Payment date: 18 February 2025. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.4%). Announcement • Jan 10
Rexit Berhad Announces Single Tier Interim Dividend for the Financial Year Ended 31 December 2024, Payable on 18 February 2025 Rexit Berhad announced that Single tier interim dividend of 2.50 sen per ordinary share for the financial year ended 31 December 2024. Ex-Date is 31 January 2025. Payment Date is 18 February 2025. Entitlement date is 03 February 2025. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Market cap is less than US$100m (RM129.9m market cap, or US$29.1m). Price Target Changed • Nov 21
Price target decreased by 22% to RM0.80 Down from RM1.03, the current price target is provided by 1 analyst. New target price is 6.7% above last closing price of RM0.75. The company is forecast to post earnings per share of RM0.076 for next year compared to RM0.076 last year. Reported Earnings • Nov 21
First quarter 2025 earnings released: EPS: RM0.01 (vs RM0.016 in 1Q 2024) First quarter 2025 results: EPS: RM0.01 (down from RM0.016 in 1Q 2024). Revenue: RM7.54m (up 8.2% from 1Q 2024). Net income: RM1.76m (down 38% from 1Q 2024). Profit margin: 23% (down from 40% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Oct 11
Rexit Berhad Announces the Resignation of Dato' Seow Gim Shen as Executive Chairman Rexit Berhad announced the resignation of Dato' Seow Gim Shen as Executive Chairman to focus on personal commitments and the growth of his other new business ventures. Age 42, Date of change is October 11, 2024. Announcement • Aug 30
Rexit Berhad Announces Resignation of Datuk Ng Kam Chiu as Non Independent and Non Executive Member of Audit Committee, Date of change is 01 September 2024 Rexit Berhad announced resignation of DATUK NG KAM CHIU as Non Independent and Non Executive Member of Audit Committee. Age is 78. Date of change is 01 September 2024. Composition of Audit Committee includes Amarjeet Kaur A/P Ranjit Singh - Chairperson of the Audit and Risk Management Committee (Independent Non-Executive Director) and Teoh Wei Yee - Member of the Audit and Risk Management Committee (Independent Non-Executive Director). New Risk • Aug 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Market cap is less than US$100m (RM153.3m market cap, or US$35.4m). Price Target Changed • May 21
Price target increased by 15% to RM1.10 Up from RM0.95, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM1.09. The company is forecast to post earnings per share of RM0.072 for next year compared to RM0.064 last year. Board Change • Apr 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non Independent Non Executive Chairman Kam Ng is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (RM220.0m market cap, or US$46.5m). Buy Or Sell Opportunity • Mar 27
Now 24% undervalued Over the last 90 days, the stock has risen 47% to RM1.27. The fair value is estimated to be RM1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 0.6% in 2 years. Earnings are forecast to decline by 2.2% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to RM1.44, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Software industry in Asia. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.68 per share. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.04, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Software industry in Asia. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.68 per share. Announcement • Mar 01
A group of individuals completed the acquisition of 46.73% stake in Rexit Berhad (KLSE:REXIT). A group of individuals made an offer to acquire remaining 46.73% stake in Rexit Berhad (KLSE:REXIT) for MYR 68.8 million on January 17, 2024. Dato' Seow, Kong Chien Ho, Leow Kian Yong, Chan Chau Loong, Chung Ching Chi, Chong Yoke Siang, Chong Siew Yoong and Chung Yoke Seng shall pay MYR 0.85 per share in cash as consideration. UOB Kay Hian Securities (M) Sdn Bhd acted as financial advisor for the acquirers. MainStreet Advisers Sdn Bhd acted as a financial advisor for Rexit.
A group of individuals completed the acquisition of 46.73% stake in Rexit Berhad (KLSE:REXIT) on February 28, 2024. Reported Earnings • Feb 24
Second quarter 2024 earnings released: EPS: RM0.023 (vs RM0.016 in 2Q 2023) Second quarter 2024 results: EPS: RM0.023 (up from RM0.016 in 2Q 2023). Revenue: RM9.34m (up 37% from 2Q 2023). Net income: RM4.01m (up 47% from 2Q 2023). Profit margin: 43% (up from 40% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 23
Price target increased by 8.0% to RM0.94 Up from RM0.88, the current price target is an average from 2 analysts. New target price is 5.6% above last closing price of RM0.90. The company is forecast to post earnings per share of RM0.067 for next year compared to RM0.064 last year. Upcoming Dividend • Dec 05
Upcoming dividend of RM0.05 per share at 5.5% yield Eligible shareholders must have bought the stock before 12 December 2023. Payment date: 27 December 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Malaysian dividend payers (5.1%). Higher than average of industry peers (2.8%). Announcement • Nov 29
Rexit Berhad Announces Single Tier Interim Dividend for the Financial Year Ending 30 June 2024 , Payable on 27 December 2023 Rexit Berhad announced that Single tier interim dividend of 5 sen per ordinary share for the financial year ending 30 June 2024 . Ex-Date is 12 December 2023. Payment Date is 27 December 2023. Reported Earnings • Nov 29
First quarter 2024 earnings released: EPS: RM0.016 (vs RM0.014 in 1Q 2023) First quarter 2024 results: EPS: RM0.016 (up from RM0.014 in 1Q 2023). Revenue: RM6.97m (up 6.6% from 1Q 2023). Net income: RM2.82m (up 16% from 1Q 2023). Profit margin: 40% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Announcement • Oct 28
Rexit Berhad, Annual General Meeting, Nov 28, 2023 Rexit Berhad, Annual General Meeting, Nov 28, 2023, at 09:30 Singapore Standard Time. Location: Greens 3 (Sports Wing), Club House, Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan SELANGOR DARUL EHSAN Malaysia Agenda: To re-elect Datuk Chung Hon Cheong who retires pursuant to Article 131 of the Company's Constitution; to re-elect Mr. Kuah Hun Liang who retires pursuant to Article 131 of the Company's Constitution; to approve the payment of Directors' fees of up to RM144,000 and Directors' benefits of up to RM8,000 from 29 November 2023 until the next AGM of the Company; to re-appoint Messrs. Ecovis Malaysia PLT as Auditors of the Company and authorize the Directors to determine their remuneration; and to consider other matters. Price Target Changed • Oct 18
Price target increased by 12% to RM0.93 Up from RM0.83, the current price target is provided by 1 analyst. New target price is 7.5% above last closing price of RM0.86. Stock is up 11% over the past year. The company is forecast to post earnings per share of RM0.065 for next year compared to RM0.064 last year. Major Estimate Revision • Sep 15
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM25.9m to RM27.5m. EPS estimate increased from RM0.058 to RM0.065 per share. Net income forecast to grow 1.7% next year vs 43% growth forecast for Software industry in Malaysia. Consensus price target up from RM0.83 to RM0.88. Share price was steady at RM0.81 over the past week. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: RM0.064 (vs RM0.052 in FY 2022) Full year 2023 results: EPS: RM0.064 (up from RM0.052 in FY 2022). Revenue: RM26.7m (up 2.1% from FY 2022). Net income: RM11.0m (up 21% from FY 2022). Profit margin: 41% (up from 35% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 21% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 23
Third quarter 2023 earnings released: EPS: RM0.013 (vs RM0.011 in 3Q 2022) Third quarter 2023 results: EPS: RM0.013 (up from RM0.011 in 3Q 2022). Revenue: RM6.14m (down 6.9% from 3Q 2022). Net income: RM2.19m (up 17% from 3Q 2022). Profit margin: 36% (up from 28% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Second quarter 2023 earnings released: EPS: RM0.016 (vs RM0.014 in 2Q 2022) Second quarter 2023 results: EPS: RM0.016 (up from RM0.014 in 2Q 2022). Revenue: RM6.84m (up 16% from 2Q 2022). Net income: RM2.72m (up 8.4% from 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 29
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 23 December 2022. Payout ratio and cash payout ratio are on the higher end at 78% and 90% respectively. Trailing yield: 5.1%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (2.3%). Announcement • Nov 24
Rexit Berhad Announces Single Tier Interim Dividend for the Financial Year Ending 30 June 2023, Payable on 23 December 2022 Rexit Berhad announced single tier interim dividend of 4 sen per ordinary share for the financial year ending 30 June 2023. Ex-Date is 06 December 2022. Entitlement date is 07 December 2022. Payment Date is 23 December 2022. Reported Earnings • Nov 22
First quarter 2023 earnings released: EPS: RM0.014 (vs RM0.015 in 1Q 2022) First quarter 2023 results: EPS: RM0.014 (down from RM0.015 in 1Q 2022). Revenue: RM6.54m (up 7.0% from 1Q 2022). Net income: RM2.43m (down 7.5% from 1Q 2022). Profit margin: 37% (down from 43% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non Executive Director Amarjeet Kaur was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.052 (down from RM0.057 in FY 2021). Revenue: RM26.2m (up 3.9% from FY 2021). Net income: RM9.10m (down 8.0% from FY 2021). Profit margin: 35% (down from 39% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.054 (down from RM0.057 in FY 2021). Revenue: RM24.9m (down 1.4% from FY 2021). Net income: RM9.45m (down 4.5% from FY 2021). Profit margin: 38% (down from 39% in FY 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.9%, compared to a 28% growth forecast for the Software industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 27
Third quarter 2022 earnings released: EPS: RM0.011 (vs RM0.012 in 3Q 2021) Third quarter 2022 results: EPS: RM0.011 (down from RM0.012 in 3Q 2021). Revenue: RM6.60m (up 13% from 3Q 2021). Net income: RM1.87m (down 12% from 3Q 2021). Profit margin: 28% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non Executive Director Amarjeet Kaur was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 11
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.014 (down from RM0.015 in 2Q 2021). Revenue: RM5.92m (down 9.5% from 2Q 2021). Net income: RM2.51m (down 5.2% from 2Q 2021). Profit margin: 42% (up from 41% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Announcement • Feb 01
Rexit Berhad Announces Appointment of Madam Amarjeet Kaur A/P Ranjit Singh as Independent and Non Executive Director, Effective February 1, 2022 Rexit Berhad announced appointment of MADAM AMARJEET KAUR A/P RANJIT SINGH as Independent and Non Executive Director. Date of change is February 1, 2022. Executive Departure • Dec 03
Company Secretary Su Ong has left the company On the 1st of December, Su Ong's tenure as Company Secretary ended after 7.6 years in the role. We don't have any record of a personal shareholding under Su's name. Su is the only executive to leave the company over the last 12 months. Upcoming Dividend • Dec 03
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 10 December 2021. Payment date: 28 December 2021. Trailing yield: 4.4%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (3.1%). Reported Earnings • Nov 03
Full year 2021 earnings released: EPS RM0.057 (vs RM0.054 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM25.2m (down 1.2% from FY 2020). Net income: RM9.89m (up 4.0% from FY 2020). Profit margin: 39% (up from 37% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Aug 25
Full year 2021 earnings released: EPS RM0.057 (vs RM0.054 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM24.6m (down 3.5% from FY 2020). Net income: RM9.89m (up 4.0% from FY 2020). Profit margin: 40% (up from 37% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.