The lead time for EVS may be in a month or a few months but PET got a significant re-rate around 5 months after Zhang came onboard with the "Major Lake Project" announcement. They were already scouting potential projects before his equity buy-in cleared.
EVS has a really desirable value proposition vs PET imo. High margin SaaS, low overheads (no working capital tied up in inventory/raw material COGS to contend with) and an incredibly relevant global requirement (AQI has been in the headlines from India to Sydney recently).
Only a matter of time before Mr Market sees the potential and the herd arrives. We need management to first demonstrate that this strategy will yield significant top-line growth to the business.
EVS Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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