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DBS slashes Nanofilm's TP to $3.70 with dampened demand in near-term

Felicia Tan
Felicia Tan6/29/2022 04:09 PM GMT+08  • 2 min read
DBS slashes Nanofilm's TP to $3.70 with dampened demand in near-term
DBS analyst Ling Lee Keng has also lowered her earnings projections for the FY2022 and FY2023 by 5% each. Photo: Nanofilm
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DBS Group Research analyst Ling Lee Keng is keeping “buy” Nanofilm Technologies even if she sees the end market demand for electronic devices to be dampened in the near term.

“Nanofilm was affected by the supply chain disruptions last year while demand was strong. With the worst in supply chain disruptions likely behind us, the group is expected to rebound strongly,” she writes in her June 29 report.

However, the analyst adds that she has lowered her target price estimate on the counter to $3.70 from $4.12 due to the recent weakness in the end market demand.

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