Subscribers

Hot stock: Rex International falls 10% on heavy volumes after profit guidance

Mia Pei

Published Wed, Feb 14, 2024 · 11:20 am
Rex International notes in its profit guidance that it is still in the process of finalising the impairment assessment over its oil and gas properties and FY2023 results.
PHOTO: BT FILE

SHARES of Rex International dropped 10 per cent on heavy trading on Wednesday (Feb 14), after the group warned of net loss for FY2023.

As at 10.02 am, the counter fell S$0.015 to S$0.129, registering a ten-month low.

It picked up a bit at 10.49 am, trading down 9 per cent or S$0.013 to S$0.131. With 33.6...

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Bitcoin weathers global market slump sparked by inflation jump

GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory

Far East Hospitality Trust posts 25.4% higher DPS of S$0.0217 for H2

Walmart in talks to buy Vizio for more than US$2 billion, WSJ reports

Morningstar appoints South-east Asia managing director in newly-created role

Rakuten Bank shares surge 13% after raising profit forecast

STOCKS

Breaking News

Most Popular

Purchase this article