PXGYF - PAX Global Technology: A Path To Creating The First SaaS Cloud-Based POS Software Platform A Clear Winner In The Cashless Economy
Investment thesis
PAX Global (PXGYF) (stock quotes 0327 on the Hang Seng stock exchange, Hong Kong) reported outstanding H1-2020. Amidst imminent shut down of businesses across the world, the company reported remarkable top-line growth, enormous profit growth by 20%, and see an improving outlook for the business.
As a result, the company raised its future guidance and interim dividend rate by 75%. Notably, the gross and net margins are expected to be above 40% and 16% respectively for the next two years, significantly higher than its top competitor's levels, Ingenico (INGIY).
The outperformance