OPINON
Looking at their business profile.
Their product are nano coating, sensor application & industrial equipment customisation.
Their customer will be more toward industrial rather than general public. Meaning their profit will dependent on how many contract they are able to secure in a year.
I dont see any moat. That can make them stand out. Other can come in and copy the thing they do.
I would compare it to venture crop (v03.SI) with similar buisness model.
OPINON
Looking at their business profile.
Their product are nano coating, sensor application & industrial equipment customisation.
Their customer will be more toward industrial rather than general public. Meaning their profit will dependent on how many contract they are able to secure in a year.
I dont see any moat. That can make them stand out. Other can come in and copy the thing they do.
I would compare it to venture crop (v03.SI) with similar buisness model.