Smartkarma AI, Smartkarma

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Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

Rex International Holding / Equity Bottom-Up

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  <li>
<a href="https://smartkarma.com/entities/rex-international-holding">Rex International Holding</a> is an oil and gas exploration and production (E&amp;P) company with a geographically diversified asset portfolio in Oman, Norway, and Benin.</li>
  <li>The company utilizes a proprietary exploration technology, Rex Virtual Drilling (RVD), to de-risk prospects and identify hydrocarbon deposits, which it views as a key competitive advantage.</li>
  <li>Despite significant revenue growth over the past three years, the company has reported persistent net losses, reflecting the high operational costs, tax burdens in jurisdictions like Norway, and volatility inherent in the E&amp;P sector.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Rex International Holding is an oil and gas exploration and production (E&amp;P) company with a geographically diversified asset portfolio in Oman, Norway, and Benin.
  The company utilizes a proprietary exploration technology, Rex Virtual Drilling (RVD), to de-risk prospects and identify hydrocarbon deposits, which it views as a key competitive advantage.
  Despite significant revenue growth over the past three years, the company has reported persistent net losses, reflecting the high operational costs, tax burdens in jurisdictions like Norway, and volatility inherent in the E&amp;P sector.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Rex International Holding (REXI SP) - Dec 2025

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>Institutions were net buyers of Singapore stocks with a net inflow of S$334 million from July 18 to 24.</li><li>Four primary-listed companies conducted share buybacks totaling S$29.8 million, led by United Overseas Bank's repurchase of 800,000 shares.</li><li>Ginko-AGT Global Growth Fund increased its stake in ISOTeam, acquiring 5,986,600 shares at S$0.086 each.</li></ul>

Institutions were net buyers of Singapore stocks with a net inflow of S$334 million from July 18 to 24.Four primary-listed companies conducted share buybacks totaling S$29.8 million, led by United Overseas Bank's repurchase of 800,000 shares.Ginko-AGT Global Growth Fund increased its stake in ISOTeam, acquiring 5,986,600 shares at S$0.086 each.

New Substantial Shareholders in ISOTeam, Rex International & Hiap Seng Industries

Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Thematic (Sector/Industry)

<ul>
<li>The 2023 vintage of "5 High Conviction Ideas" was commodity heavy with 4 of our 5 picks coming from this sector. Three out of five declined between 15-25%. </li>
<li>Our best performer was unloved <a href="https://www.smartkarma.com/entities/mongolian-mining-corp" target="_blank" data-smartkarma-citation="entities:4382:1" rel="noopener">Mongolian Mining (975 HK)</a> which returned 234% even beating <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> YTD performance.  Miracles happen: Coal mining beats AI.</li>
<li>Our 2024 vintage of top ideas for the year will hopefully have a higher hit ratio. See below for more details which are our five high conviction ideas for 2024.</li>
</ul>


The 2023 vintage of "5 High Conviction Ideas" was commodity heavy with 4 of our 5 picks coming from this sector. Three out of five declined between 15-25%. 
Our best performer was unloved Mongolian Mining (975 HK) which returned 234% even beating NVIDIA Corp (NVDA US) YTD performance.  Miracles happen: Coal mining beats AI.
Our 2024 vintage of top ideas for the year will hopefully have a higher hit ratio. See below for more details which are our five high conviction ideas for 2024.


Overview of My Winners and Losers in 2023...and 5 High Conviction Ideas Going Into 2024

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<li>
<a href="https://www.smartkarma.com/entities/rex-international-holding" target="_blank" data-smartkarma-citation="entities:17074:1" rel="noopener">Rex International Holding (REXI SP)</a> has announced further investments outside of its core oil&amp;gas portfolio both related to its major shareholder. A major red flag.</li>
<li>It is unclear whether these investments will bring real value to Rex as minority investors generally hate related party transactions without clear justification.</li>
<li>The latest drilling campaign in Oman again encountered operational issues giving fuel to the bears that Rex is not capable of successfully operating its own fields.</li>
</ul>



Rex International Holding (REXI SP) has announced further investments outside of its core oil&amp;gas portfolio both related to its major shareholder. A major red flag.
It is unclear whether these investments will bring real value to Rex as minority investors generally hate related party transactions without clear justification.
The latest drilling campaign in Oman again encountered operational issues giving fuel to the bears that Rex is not capable of successfully operating its own fields.


<ul><li>The five most recent Catalist-to-Mainboard graduates span different sectors and achieved 9.4% median annualised total return over five years.</li><li>LHN led with a 41% annualised total return, followed by Grand Venture Technology with a 28% annualised total return, while Rex International saw a 4% decline in annualised total return over the five years.</li><li>LHN also recorded the highest 5-year total returns among the five stocks, with an annualised total return of 41.4%, which includes the 2.0% gain over the past four weeks.</li></ul>

The five most recent Catalist-to-Mainboard graduates span different sectors and achieved 9.4% median annualised total return over five years.LHN led with a 41% annualised total return, followed by Grand Venture Technology with a 28% annualised total return, while Rex International saw a 4% decline in annualised total return over the five years.LHN also recorded the highest 5-year total returns among the five stocks, with an annualised total return of 41.4%, which includes the 2.0% gain over the past four weeks.

LHN Led 5-Year Returns Among Latest Catalist-to-Mainboard Graduates

Singapore

Rex International Holding Limited is a production and exploration oil company with concessions in Norway, UAE, Oman, and the US.

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Rex International Holding (REXI SP)

Primer: Rex International Holding (REXI SP) - Dec 2025

Rex International Holding is an oil and gas exploration and production (E&P) company with a geographically diversified asset portfolio in...

αSK

New Substantial Shareholders in ISOTeam, Rex International & Hiap Seng Industries

Institutions were net buyers of Singapore stocks with a net inflow of S$334 million from July 18 to 24. Four primary-listed companies conducted...

Singapore Exchange Ltd (SGX)

Overview of My Winners and Losers in 2023...and 5 High Conviction Ideas Going Into 2024

Our stand-out performer in FY23 was little loved Mongolia Mining. For FY24 we provide five new names which we think can perform strongly.

Nicolas Van Broekhoven

Rex: Diversification or Deworsification?

Rex has morphed into a Lidgren family holding where it is unclear what minority investors are buying into. The risk of more inter-related party...

Nicolas Van Broekhoven

LHN Led 5-Year Returns Among Latest Catalist-to-Mainboard Graduates

The five most recent Catalist-to-Mainboard graduates span different sectors and achieved 9.4% median annualised total return over five years. LHN...

Singapore Exchange Ltd (SGX)

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