I like this update. A lot progressing in one announcement. Plus the director appointment, they are interconnected. Risk has been minimised.
Firstly, Wet oil product has been well received by the market. Taiwan repeat order, good sign of high demand. It takes 2 months to consume about $200,000 aud. Then $1.2million revenue per year. Plus Australia first order, then I assume minimum $2 million from AMF alone.
Secondly, pinduoduo is a famous platform. If you watch the tv show from China called “if you are the one”, pinduoduo is the main sponsor for it. It tells me KTD is a good timing respondent. Seize opportunity.
Thirdly, irexchange platform in Australia moves the market to Australia. The daigou in Australia might start considering kTD product.
Fourthly, kilo platform in NZ, an exposure to NZ market.
Fifthly, Shanghai is a high wealth part of China, people over there are keen for high quality product.
Finally, construction in schedule, everything is alright.
Expand