PXGYF - PAX Global Technology - FY2020 Positive Profit Update Significant Upside
- PAX Global released its trading update for FY2020 after-hours on November 30th – titled it as 'Profit Alert.'
- Although the title gave us a scare, the content did not disappoint. Management expects FY2020 net profit to increase by no less than 40%.
- The figure is substantially higher than the previous guidance and equates to analysts' FY2023 net profit estimates.
- The stock price surged 35% following the news. PAX is still an excellent long-term investment at the current level, setting up as a potential multi-bagger.
For further details see:
PAX Global Technology - FY2020 Positive Profit Update, Significant Upside