Q: Could you please provide a summary of what this companies does and if you would be comfortable buying?
P.S. The profile page for it on 5i seems to not be setup right.
P.S. The profile page for it on 5i seems to not be setup right.
5i Research Answer:
ABXX trades on the NEO exchange, and our database supplier does not yet provide financial data or prices for the NEO exchange.
ABXX is an $800M market cap Canadian fintech name, which primarily operates the Abaxx Commodity Exchange and Clearinghouse in Singapore. Its revenue base is still small, and it operates at a loss, issuing shares to fund its operations, but it has some tailwinds from its exposure to the growing energy transition sector. Momentum has been great, but we would be cautious here given the small sales base, and dilution. We would like to see it grow its sales base.