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Analysts believe Nanofilm poised to grow after ‘eventful’ 2021

Lim Hui Jie
Lim Hui Jie2/28/2022 11:54 AM GMT+08  • 3 min read
Analysts believe Nanofilm poised to grow after ‘eventful’ 2021
After a year of supply disruptions, missed market expectations, and resignations, how will Nanofilm fare in 2022?
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Analysts from DBS and Citibank have maintained their “buy” calls and unchanged target prices on Nanofilm, with DBS Group Research holding their target price at $4.12 and Citibank at $3.92.

DBS Group Research’s Ling Lee Keng writes that after an “eventful year” in 2021, with supply chain disruptions, increased expenses relating to the new Shanghai Plant 2, and the resignation of key executives, she is hopeful that the company can deliver stronger growth in 2022.

On Feb 23, Nanofilm reported 2HFY2021 earnings of $44.3 million, up 13.2% y-o-y. Revenue in the same period was up 6.8% to $150.1 million.

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