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DBS ups Nanofilm's FY2021 earnings estimates on indications of strong 4QFY2021

Felicia Tan
Felicia Tan1/21/2022 5:49 PM GMT+08  • 2 min read
DBS ups Nanofilm's FY2021 earnings estimates on indications of strong 4QFY2021
The brokerage has also reduced its TP to $4.12 from $4.96 previously due to a lower growth rate assumption for the FY2022.
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DBS Group Research has kept “buy” on Nanofilm Technologies International as it sees the supply chain disruption stabilising.

To be sure, DBS analyst Ling Lee Keng expects the company to report strong figures for the 4QFY2021 ended Dec 31, 2021, and that the 3QFY2021 could be the “worst quarter” for Nanofilm on the supply front.

“Overall, the group is projected to report a positive growth in earnings of 8% for FY2021, despite expectations of higher costs, including one-off and higher operating costs as the group expands,” she writes in her Jan 21 report.

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