Stock Digest - Rexit Bhd - Solutions Partner Of Choice In Insurance Sector

Rexit Berhad (REXIT) started off since 1998 and has evolved into one of the leading solutions providers to the general insurance industry. Ongoing expansion in both local and oversea markets leveraging on its reputation and expertise  helps REXIT to capture the growing demand in the insurance industry. We initiate coverage on REXIT with a BUY call and fair value of RM0.83, based on 14.0x P/E pegged to its forward FY23f EPS of 6.0 sen.