In bear market.
Catalist listed Tritech has been reported won a $1.77 million study award from JTC Corporation to study possible economic uses for Singapore's underground rock caverns (URCs), which could range from power stations and wafer fabs to research and development labs, airport logistics centres and water reclamation facilities.
Tritech has just been listed last week. Albeit the contract value is small compare to multiple hundred million contract from Kepcorp/SembCorp Marine, the contract value still significant in relation to their market capitalisation.
However, the response of the market is 'ZERO' trading volume.
If I am the majority shareholder of Tritech, I would rather let the share price slumped after the news confirmation instead of facing zero market interest.
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