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    SANICHI   MYQ0133OO007

SANICHI TECHNOLOGY BERHAD

(SANICHI)
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Sanichi Completes the R&D Phase for Air Ventilator Development

05/12/2021 | 01:02am EST

Sanichi Technology Bhd announced that it has completed the research and development ("R&D") phase for its medical grade mechanical air ventilators for local and overseas healthcare markets. A ventilator is a machine that moves breathable air into and out of the lungs. It delivers breaths to a patient who is physically unable to breathe, or is breathing insufficiently. The prototype of the air ventilator has been completed and currently commencing the application for the necessary licensing and approval by relevant authority. The company is expected to start mass production of its air ventilator and distribution within the next 6 months. Upon obtaining the necessary approval from the authority, Sanichi is expected to immediately start distribution of its air ventilators to the domestic market and other countries of Asia Pacific, before expanding its distribution to Europe and USA.


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Financials
Sales 2020 23,7 M 5,65 M 5,65 M
Net income 2020 -7,70 M -1,84 M -1,84 M
Net cash 2020 117 M 27,8 M 27,8 M
P/E ratio 2020 -14,3x
Yield 2020 -
Capitalization 49,1 M 11,7 M 11,7 M
EV / Sales 2019 -0,56x
EV / Sales 2020 -0,26x
Nbr of Employees 76
Free-Float 81,8%
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Managers and Directors
Chow Huat Pang Group Managing Director & Executive Director
Abdul Halim bin Abdul Hamid Chairman
Tee Kein Ong Independent Non-Executive Director
Erdawaty Binti Mohamed Independent Non-Executive Director
Siew Loon Foo Secretary
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