Home Capital Broker's Calls

'Outlook still robust' for Nanofilm: CGS-CIMB

Lim Hui Jie
Lim Hui Jie4/19/2021 6:10 PM GMT+08  • 3 min read
'Outlook still robust' for Nanofilm: CGS-CIMB
CGS-CIMB maintains an unchanged “Add” rating and target price of $5.52 on Nanofilm as a customer prepares for a product launch.
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.

CGS-CIMB Research’s William Tng has maintained an unchanged “Add” rating and target price of $5.52 on Nanofilm International on the expectation of an upcoming product launch by one of its customers.

In an April 19 note, Tng said that according to the brokerage’s checks, Nanofilm’s Customer Z (a major customer by revenue) has an upcoming product launch that could potentially introduce a series of new product lines to their portfolio. He added, “Our checks also suggest that a new line of tablets could likely hit the market with higher technological specifications that should encourage replacement demand from end-consumers, in our view.”

After meeting with Nanofilm’s management, Tng understands there is anticipation among consumers over the upcoming launch. “we inferred from our discussions that as NANO currently has a big market share in coating tablets for Customer Z, it could potentially become a beneficiary should the new tablets become a hit among consumers, and that demand for wearables remains robust to date.”

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.