Home Capital Broker's Calls

Rex International intends to upgrade listing to Mainboard; KGI raises target price to 40 cents

Khairani Afifi Noordin
Khairani Afifi Noordin10/18/2021 03:51 PM GMT+08  • 3 min read
Rex International intends to upgrade listing to Mainboard; KGI raises target price to  40 cents
Rex’s strong balance sheet, free cash flow generation and access to capital differentiates it from many other E&P companies
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Riding on rising oil prices, which has sent its market cap to above the $300 million threshold, Rex International Holding intends to upgrade its listing from the Catalist to the Mainboard "at the appropriate juncture".

In an announcement earlier this morning on Oct 19, the company said that a Mainboard listing will enhance long-term value for shareholders as the company will now have a larger investor base to reach out to, including institutional investors.

By doing so, it can possibily have greater access to equity and debt markets to fund growth.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.