PAX Global Technology Limited (327.HK)
Newsletter Aug 2023
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Stock price: HK$ 5.94 | Market cap.: HK$ 6.38 billion
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PAX interim dividend increases +24%
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- PAX recorded revenue of HK$ 3,569 million (c. USD 455 million) during 1H 2023
- Gross profit margin & net profit margin increased to 44% & 18.5% respectively
- Increased dividend to HK$0.21 per ordinary share & payout ratio reaches 34.8%
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The proliferation of electronic payments continues to be a significant and ongoing global trend. The continued advancement of payment technology, along with growing consumer appetite for convenient & secure payment options, as well as the cashless initiatives promoted by governments worldwide, have continued to open up new opportunities for PAX solutions. - Mr. Jack LU, Chief Executive Officer of PAX
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APAC Partner Conference in Bali, Indonesia
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With over 100 attendees, the Customer Exchange conference was a huge success under the theme of 'Together We Advance'.
PAX partners shared numerous case studies and use cases, providing insightful perspectives into the APAC payment landscape. Over 30 products were showcased during the event, many of which were new models launched this year.
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Hokkoku Bank in Japan launches new payment service with the PAX A920
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Hokkoku Bank has adopted the PAX A920 Android SmartPOS payment terminal to support the 'Super Cashless Region' initiative, aimed at encouraging cashless transactions in the Hokuriku region.
PAX A920 enables QR code payments and supports Wi-Fi & LTE connections, making it possible to accept payments inside and outside the store.
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The world's first IP67 rated Android SmartPOS PDA
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PAX A6650 combines the functionality of a PDA and secure payment device into the ultimate tool for anyone who wants to stay organised and process payments on the go.
The A6650 is tougher than any other SmartPOS on the market. Rigourously tested, it is rated at IP67, meaning it is completely water-proof, dust-proof, and drop-resistant, and ready for any task that may come its way.
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On 18 and 21 Aug 2023, the Group conducted share repurchases.
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PAX is a world-leading provider of electronic payment terminals solutions and related services with excellent R&D capabilities and a worldwide network of sales and channel partners.
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© 2023 PAX Global Technology Limited. All Rights Reserved.
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Should you have any questions regarding investor relations, please contact our IR representatives, Mr. Calvin Pei and Ms. Mina Pang via email at ir@pax.com.hk.
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