TriTech spin-off listing on Catalist

An intangible quality may be the CEO. Got Ph.D.

Management team has a no. of PhD holders too. They will get it right more often than not.....

UOB Kay Hian has an early start to this IPO ( of Terratech ) , with a report today : research.uobkayhian.com/content_download...3854f465b52ba2abf0ed

The dampener is they said the latest MOU is not so cheap for TriTech....

Preliminary IPO Prospectus lodged today on SGX:

www.sgx.com/wps/wcm/connect/65c115d2-cd0...82-b5a0-2984dd945925

Pg 115 of IPO Prospectus:


Based on the results of the investigations and analysis performed by Censere, as outlined in the
Independent Valuation Report, Censere is of the opinion that the Fair Market Value of the Kelantan
Marble Quarry as at 31 March 2014 is in the range of approximately S$170 million to S$420 million
with a preferred value of approximately S$260 million.


The market cap of TriTech as of now is only S$186 million (on 24 cents share price)

This UOB KH report has interesting pictures of the marble quarry & China water products.

www.equityresearchsingapore.com/wp-conte...06/Tritech-UOBKH.pdf

TriTech also has a new water business segment. This is not widely talked about yet but it could turn out to be a trump card for the company. Why? Just see the awesome valuations that water stock S-chips like United Envirotech and HanKJore have achieved.