Home Capital Broker's Calls

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?
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now