| Latest Forum Topics / Tritech Last:0.008 -- |
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Genting SP Next Move
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Goldenfire
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15-Sep-2020 08:56
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Everyone waiting now. Once the price moves, have to catch at higher price..haha
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ThankYou
Supreme |
15-Sep-2020 08:44
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16 hard to break unless B.B. wants to play.
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SmallSmall
Supreme |
15-Sep-2020 08:42
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If Tritech can break $0.017 convincingly today, it will be marching towards $0.02. Limited downside for a potential multi-bagger as it moves into sanitiser and disinfectant business which will starts to contribute to its revenue this financial year ending 31-March 2021.
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| &bull Its new proprietary product,  VaVieTM  Clean Wash Sanitize has been proven to have very strong  antibacterial properties and superior cleaning capabilities, including killing bacteria and  human coronavirus. &bull To tap on the growth potential in the sanitiser and disinfectant industry as the demand for  sanitisers and disinfectants is expected to increase. Kuan Keng Mun, Chief Operating Officer (Product) of Tritech Group, with  VaVieTM  CWS.  Photo: Company |
The share price of Tritech rose 23% post-lunch to 1.6 cents (+0.3 cent) after it announced a new venture.
Like ISDN Holdings earlier,  Tritech Group has taken a step out of its core business  to  foray into the sanitiser and disinfectant industry. 
 
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Stock price  |
1.6 c |
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52-week range |
1.0 &ndash 4.5 c |
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Market cap |
S$15.4 m |
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PE  (ttm) |
-- |
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Dividend yield  |
-- |
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Year-to-date  |
-27% |
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Shares outstanding |
965 m |
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  Source: Yahoo! |
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Unlike ISDN which is marketing top-end German products (see  ISDN: Completes 3-day pilot project to surface coat 130 buses), Tritech has  developed a proprietary product, VaVieTM  Clean Wash Sanitize (&ldquo CWS&rdquo ).
It is targeting not just Singapore but also the China market where it has production facilities.
It said the product was created by  leveraging on its established water and membrane technology and expertise.
The NEA (National Environmental Agency), SFA (Singapore Food Agency) and HSA (Health Sciences  Authority) have in principle approved the manufacture and sales of the CWS product in Singapore as  the ingredients are classified as non-hazardous and of food grade quality.
Produced with purified water and food grade materials by using electrical ionization technology,  VaVieTM  CWS is an environment friendly, odourless, colourless, and alcohol-free cleaning solution with  high alkalinity, said Tritech.
Notably, this product has been tested effective by Microchem Laboratory,  USA in killing > 99.99996% of bacteria and &ge 99.90% of human coronaviruses after 15 seconds,  said Tritech.
CWS  has been also proven to have strong antibacterial properties and superior cleaning capabilities in  addition to its high efficacy in eliminating human coronaviruses. This sets it apart from other products  available in the market, said Tritech.
In addition to killing bacteria and human coronavirus, it can be used to remove  stubborn oil and dirt stains, sterilise surfaces and for washing fruit/vegetables, being a one-stop  cleaning solution for households,  said Tritech. Besides, it has been included in NEA&rsquo s Interim List of Household  Products/Cleaning Products Effective Against Coronavirus.
With its high degree of cleanliness,  bactericidal and deodorising properties, CWS can also be used in the food processing industry and  commercial buildings,  said Tritech.
The sanitiser and disinfectant  industry is among a handful of industries that have boomed during  the pandemic.
Recently, the Food and Drug Administration, USA  has warned the public on the usage of dangerous alcohol-based hand sanitisers containing methanol,  a toxic chemical, which when absorbed through the skin or ingested can lead to adverse consequences.  (Source: Click  here).
CWS  is non-alcohol based without any harmful chemicals.
| Tritech has production facilities in  Singapore and Qingdao (China) to address different geographical demand for the product. Batch  production has started and Tritech expects this product to contribute revenue in this financial year ending  31 March 2021. |
The  product is targeted for sale to the retail, commercial and industrial markets.
Dr. Jeffrey Wang, Managing Director of Tritech, said, &ldquo The sanitiser and  disinfectant industry has seen a large spike in growth due to coronavirus. This is not all one-time,  it is a change in consumer behaviour and a social shift towards increased awareness about  cleanliness. This presents a unique opportunity for the Group to diversify its product lines and  expand its revenue streams. We look forward to improving the Group&rsquo s profitability.&rdquo
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Shifu8888 ( Date: 15-Sep-2020 08:14) Posted:
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Shifu8888 ( Date: 15-Sep-2020 08:14) Posted:
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ThankYou ( Date: 15-Sep-2020 08:06) Posted:
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Shifu8888 ( Date: 15-Sep-2020 08:01) Posted:
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Goldenfire ( Date: 15-Sep-2020 06:28) Posted:
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SmallSmall ( Date: 14-Sep-2020 13:02) Posted:
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disinfectant boom ah
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noobnub ( Date: 14-Sep-2020 13:11) Posted:
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Fluffyclouds ( Date: 14-Sep-2020 13:28) Posted:
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noobnub ( Date: 14-Sep-2020 13:11) Posted:
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Fluffyclouds ( Date: 14-Sep-2020 13:25) Posted:
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Next hurdle : 0.10
Fluffyclouds ( Date: 14-Sep-2020 13:24) Posted:
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