In the U.S. and Europe, when it comes time to swipe your credit or debit card, the odds are very high that it is going to go through a machine made by either VeriFone (NYSE:PAY) or Ingenico (OTCPK:INGIY). China's PAX Global Technology (OTC:PXGYF) (327.HK) is hoping to change that, though, and the company already boasts significant share in China and the wider Asia-Pacific region. As the U.S. approaches the adoption of EMV standards ("chip cards"), PAX Global could be approaching some significant share growth potential.
PAX Global is not a bargain basement stock, though. The stock is not widely covered by Western sell-side banks yet, but the stock sports a pretty healthy multiple and...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|