Interestingly, the dividend-paying Rexit has one of the lowest price-to-earnings (PE) ratios in the industry, with sales revenue growing at a compounded annual growth rate of around 30% for the past 6 years.
an online insurance transaction system that enables a business to
deliver products and services electronically and within a short
an online system used by all approved unit trust companies in Malaysia
to submit investment and redemption applications to the EPF whenever EPF
members invest in selected unit trusts using their EPF contributions.
- InfoGuardian, an integrated workflow, case management and document management system that provides and facilitates an on-line information sharing environment for multiple users within and outside the customer’s organisations.
Rexit has strong growth potential in the e-government space,
having developed and operated the mySalam portal. Its business model
and expertise in the IT field can be easily replicated to deliver more
online public services as the Government accelerates its IT adoption.
Meanwhile, Rexit’s e-Cover product offering puts the company on the right track to capturing market opportunities in the booming e-commerce segment. The stronger adoption of e-commerce by businesses as a result of the COVID-19 pandemic is undeniably a boon for Rexit.
Most importantly, Rexit is well positioned in the ever-growing insurance and financial services industries. Growing
population and the increased awareness for insurance and risk
protection will definitely be an organic growth catalyst for Rexit.
The company’s R&D operations in China will help it to easily capture growing market opportunities, by enabling it to mobilise resources across the region for any upcoming projects.
- With zero debt and a significant cash pile as major support, Rexit is also well positioned to undertake mergers and acquisitions for inorganic growth moving forward.