Rex Intl Share Price: Live Updates, History & Forecast (SGX:5WH)

Singapore oil explorer Rex International Holding has had a brutal few years on the SGX, but nothing quite prepared investors for what happened in late March 2026. When the company’s auditor flagged doubts about its ability to keep operating, the stock nosedived—losing more than a third of its value in a single session. For anyone holding shares or watching the energy sector, the question is no longer whether Rex is in trouble, but how deep that trouble runs.

Current Price: 0.104 SGD · 1-Day Change: -1.89% · Recent Drop: -35.4% · 52-Week Low: -79.41% · Volume: 1,521,500

Key trading and financial metrics for Rex International are summarised in the table below.

Why is Rex International share price falling?

The answer traces directly to a pair of numbers that should alarm any investor: US$248.7 million in total loans and borrowings against a company that lost US$152.7 million in 2025. When Deloitte & Touche LLP audited Rex International’s books for the year ending December 31, 2025, the firm found enough doubt about the company’s survival to formally question its ability to continue as a going concern—a red flag that rattled markets (The Business Times).

Auditor’s going concern warning

Deloitte’s concern centers on Rex’s subsidiary structure. Lime Petroleum Holding (LPH) carries US$224.9 million in senior secured bonds, while Jasmine Energy holds another US$23.4 million. Those two subsidiaries alone account for nearly all of the parent company’s debt load. When the auditor looks at cash flows, operational losses, and the maturity schedule of those bonds, the math doesn’t add up to confidence (MarketScreener).

Rex’s board pushed back, stating that preparing financials on a going concern basis “remains appropriate” due to expectations of successful debt restructuring. Bondholders for one unit approved liquidity funding in late March, pushing shares up 3%—but that relief proved short-lived (Moomoo).

Recent price drops

The March 25 crash was brutal by any measure. Shares fell S$0.046 in a single session, closing at S$0.084—erasing roughly S$64 million in market capitalisation in hours. Trading volume spiked to 1.5 million shares, roughly seven times the recent daily average. The stock has now lost 79.41% from its 52-week high of S$0.230, set sometime in 2025 (Moomoo).

What is Rex International’s price target?

Analysts tracking Rex International on platforms like Fintel and TradingView have set an average one-year price target of S$0.33, with the range clustering between S$0.32 and S$0.34 (Fintel). That represents roughly three times the current share price—and about a 300% upside from where the stock traded after the March crash.

Analyst forecasts

Those targets predate the going concern warning. It’s unclear whether analysts have updated their models since Deloitte filed its unqualified opinion on April 1. Standard practice would be to either suspend coverage or slash targets significantly given the elevated bankruptcy risk. Investors searching for “Rex intl share price target” will find older forecasts that may no longer reflect current sentiment (TradingView).

SGX:5WH predictions

What the market is actually pricing in tells a grimmer story. The stock trades roughly 15% below its 200-day moving average, a technical signal that typically indicates sustained bearish momentum. Return on capital sits at -21.44%, and the price-to-earnings ratio is deeply negative at -0.61 on a trailing twelve-month basis. These metrics suggest professional investors see meaningful default probability built into the current valuation (Stockopedia).

Is Rex International a good investment?

Honest answer: not for most investors. The energy sector occasionally offers turnaround plays where deeply discounted stocks recover dramatically, but Rex International faces structural headwinds that make it a high-risk bet. The company’s operating margins stand at -37.2%, meaning it loses money on every barrel of oil it produces. When you add a US$248.7 million debt burden to that picture, the path to profitability becomes difficult to see (Stockopedia).

What happened to Rex shares?

The story unfolds across two years of deteriorating fundamentals and occasional false dawns. In October 2024, the stock jumped 34% on what appeared to be positive news—though even that rally left shares down 24% over the following twelve months. Investors who bought that dip found themselves underwater almost immediately (Moomoo).

Key events

The timeline below captures the acceleration of Rex’s decline:

• October 2024: 34% monthly surge, later revealed as unsustainable
• December 31, 2025: Financial year ends with US$152.7 million net loss
• March 25, 2026: 35.4% single-day collapse after auditor warning
• March 31, 2026: Bondholders approve unit liquidity funding; shares recover 3%
• April 1, 2026: Annual report filed with formal going concern doubt
• April 16, 2026: Shares trading at S$0.081, still down from pre-crash levels

Administration updates

The company has not filed for administration, and the board continues to assert that restructuring negotiations will succeed. However, the gap between board optimism and auditor skepticism has created a credibility problem. Deloitte’s opinion was unqualified in form but devastating in substance—it said the numbers raise “material uncertainty” about survival, which is corporate-speak for “we’re not sure this company will exist in twelve months” (MarketScreener).

What will happen to my Rex shares?

For existing shareholders, the path forward hinges entirely on whether the debt restructuring succeeds. If Lime Petroleum Holding bondholders accept haircut terms, the company could emerge with a cleaner balance sheet and a fighting chance at profitability. That scenario would likely trigger a sharp short squeeze given how badly the stock has sold off. If restructuring talks collapse, Rex faces administration or delisting—and shareholders would rank last in any asset distribution, meaning total loss of capital is a real possibility.

What is Rex International share price history?

For investors researching “rex intl share price history,” the long-term chart tells a story of persistent decline punctuated by sharp but fleeting rallies. The 52-week range of S$0.050 to S$0.230 captures wild swings that reflect both sector volatility and company-specific stress (Moomoo).

Recent trading data

Trading data from mid-April shows the stock stuck in a narrow band around S$0.077 to S$0.081, with volume running well below the March panic levels but still elevated versus historical norms. Market capitalisation has shrunk to roughly S$110 million with 1.36 billion shares outstanding—meaning the company trades at a significant discount to its underlying asset value if those assets can be monetised orderly (Moomoo). For a different kind of crisis, you can read about the Tai Po blaze Hong Kong at $Tai Po blaze Hong Kong.

Chart overview

The stock has essentially traced a consistent downward channel since mid-2024, with each rally failing to reach prior highs. Technical analysts tracking “rex international share price target” projections would note that S$0.050 represents a critical support level—breaking below that opens the path to near-zero valuations. The distance from current levels to 52-week highs represents a recovery requiring more than 180% upside (Stockopedia).

“The group’s financial woes are heavily tied to the debt load of its subsidiary Lime Petroleum Holding.”

— The Business Times, reporting on the March 2026 share collapse

“Rex International Holding’s price-to-sales ratio of 0.5x is worth a mention when the median P/S in Singapore’s Energy Services industry is similar at about 0.8x.”

— Simply Wall St analyst commentary via Moomoo

The implication is stark: investors pricing Rex at a discount to peers are effectively applying a distress multiple that assumes either a debt restructuring haircut or outright default. The going concern warning validates that pessimism, at least in the auditor’s view.

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