CGS-CIMB Research analyst William Tng has undertaken a preliminary assessment of Multi-Chem in an unrated report dated April 5.

In the report, Tng notes that Multi-Chem primarily distributes and offers training for information technology (IT) security products via its subsidiary M.Tech Group. The IT security business accounted for 99.5% of the Group’s FY2020 ended December revenue. 

Products are distributed across 29 cities in 15 countries, including Singapore, Australia, Greater China (including Hong Kong and Taiwan), India, Indonesia, Japan, Korea, Malaysia, Myanmar, New Zealand, Philippines, Sri Lanka, Thailand, United Kingdom and Vietnam.

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