Friday, 28 October 2016

DELTA TECHNOLOGY



Dellta Technology the leading provider of chemicals and manufacturing materials is apparently providing to Nintendo for the Nintendo Switch.  Upon examination of their stock it is noted that they produce an array of products and services which include the preceding,: "Our products can be broadly divided into two major series, namely (i) PCT/OCT and (ii) UPR, which account for approximately 19.06% and 42.19%, respectively of our total revenue in the fiscal year 2015. PCT/OCT together with its downstream products can be widely used in pharmaceuticals, pesticides, dyes and consumables manufacturing industries, whereas UPR is commonly used as (i) renovation materials for bathroom and kitchen, (ii) manufacturing materials for trains, cars, aircrafts and vessels, and (iii) infrastructure materials such as anti-collusion pipes and oil and gas pipelines. UPR is a light weight, relatively wear resistant and highly anti-corrosive material, and its unique features make it a popular replacement material for plastic and steel. In the fiscal year 2015, we sold approximately 60% of the PCT/OCT we produced and consumed the balance as raw materials for the manufacturing of PCT/OCT downstream products."  The stock price is at $1.16 which is considered a low.  It seems that the stock is set to become bullish within the next several months.  I would position myself to buy this stock long.




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