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UOB Kay Hian, DBS trim Nanofilm's TP and earnings forecast as supply chain delays drag on

Jovi Ho
Jovi Ho10/15/2021 2:6 PM GMT+08  • 4 min read
UOB Kay Hian, DBS trim Nanofilm's TP and earnings forecast as supply chain delays drag on
Supply chain disruptions have delayed Nanofilm Technologies’ peak production period to 4Q2021 and possibly the new year.
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Supply chain disruptions have delayed Nanofilm Technologies’ peak production period to 4Q2021 and possibly the new year, says UOB Kay Hian Research analyst John Cheong.

In an Oct 15 note, Cheong is maintaining “hold” on Nanofilm, with a lowered target price of $3.90 from $4 previously. The new target price represents a 6% upside.

“The peak period for Nanofilm’s production, especially for computers, communications and consumer electronics (3C) has been shifted to 4Q2021 and possibly 2022 due to supply chain disruptions,” writes Cheong.

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