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PXGYF - PAX Global Technology: High Margin Strong Growth And Cash Rich - Our Top Pick For 2020
Pax Global Technology Ltd
Investment thesis
Last year, Apple (AAPL) was ourtop pick, it gained a whopping 120%. This year, we believe PAX Global Technology ‘PAX’ (PXGYF) (0327.HK in the Hang Seng stock exchange) has the potential to outperform this feat.
We offer three reasons why this is the case. First, investing in PAX and you will own a top global point-of-sale (‘POS’) terminal manufacturer, whose role is crucial in the cashless economies, while enjoying double-digit industry growth in the medium term. PAX also happens to have the strongest fundamental profile you