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Pax Global (00327.HK) received an increase in shareholding of 1.643 million shares from Brandes Investment Partners, L.P.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on July 4, 2024, Pax Global (00327.HK) received an increase in shareholding from Brandes Investment Partners, L.P. on the exchange, with an average price of HKD 4.9474 per share, involving approximately HKD 8.1286 million. After the increase, the latest number of shares held by Brandes Investment Partners, L.P. is 140,319,359 shares, and the shareholding ratio has increased from 12.94% to 13.10%.
Is There An Opportunity With PAX Global Technology Limited's (HKG:327) 48% Undervaluation?
Key Insights PAX Global Technology's estimated fair value is HK$9.58 based on 2 Stage Free Cash Flow to Equity PAX Global Technology is estimated to be 48% undervalued based on current share price o
Pax Global (00327.HK) spent HKD 53.06 million to repurchase 9.75 million shares on July 2nd.
Pax Global (00327.HK) announced on July 2nd that it spent HKD 53.06 million to buy back 9.75 million shares at a price of HKD 4.5-5.63 per share.
PAX Global Technology's H1 Profit to Fall Up to 40%
PAX Global Technology (HKG:0327) expects to record a 30% to 40% decline in net profit for the six months ended June 30, from HK$660 million a year prior, a Friday filing on the Hong Kong bourse said.
Pax Global (00327) cancelled 260,000 repurchased shares on June 28th.
Pax Global (00327) announced that it will cancel 260,000 repurchased shares on June 28, 2024.
Pax Global (00327.HK) issues profit warning: expected mid-term net profit to decrease by around 30% to 40%.
On June 28th, Grong Hui announced that Pax Global (00327.HK) is expected to record a net profit of approximately HKD 660 million for the six months ending on June 30, 2024, a decrease of about 30% to 40% compared to the same period last year. The board of directors believes that the expected decline in net profit is mainly due to the decline in revenue in the Latin America and CIS region and the USCA region in the first half of the year. The decline is attributed to the uncertainty of the global economy, which has led to (i) changes in demand for payment terminals; (ii) some customers experiencing longer sales cycles than expected and delaying payments of terminals.
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