Goldpac Group (3315)

[money]

MSCI index released the results of the semi-annual index review. 31 stocks will be included and 38 stocks will be removed in MSCI China Small Cap Index. ( reported on 14 Nov 2018 byaastocks website. )    Goldpac ( 3315 )  is one of the removed stocks.

The recent  interim report said :

As the world’s largest UnionPay brand payment product supplier,
the Group’s payment card shipments continued to grow and its
market share further expanded in the first half of 2018. A new high
of UnionPay IC card shipment volumes was recorded, subsequent to
the  previous  peak  in  the  first  half  of  2015  during  the  China  IC  card  
migration. As a result of market competition, the price for standard
payment  cards  has  decreased,  however,  the  growth  in  high  value-
added fashion products alleviated part of this price pressure.
In the first half of 2018, the Group’s turnover was approximately
Renminbi (“RMB”)633.0 million, representing a year-on-year
decrease of approximately 8.4%, of which the turnover of embedded
software and secure payment products segment was approximately
RMB501.1 million, representing a year-on-year decrease of
approximately 10.7%, whilst the turnover of the platform and service
segment was approximately RMB131.9 million, representing an
increase of approximately 1.5% year-on-year.

thanks soros for always updating us with the HK stocks