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Nanofilm gets back on track

Lim Hui Jie
Lim Hui Jie5/4/2022 11:30 PM GMT+08  • 11 min read
Nanofilm gets back on track
Photo credit: The Edge Singapore/Albert Chua
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Nanofilm Technologies looks set to be back on the growth track even as investors have yet to appreciate its full potential.

When Nanofilm Technologies International reported its first full-year earnings as a listed company for FY2021 ended December 2021, the company cited the Chinese proverb “everything is prepared except the East Wind” in its press announcement.

This proverb originates from the Chinese classic Romance of the Three Kingdoms in which it describes the pivotal Battle of Red Cliffs when the smaller states of Wu and Shu joined forces to fend off a massive naval invasion led by warlord Cao Cao.

Zhou Yu, commander of Wu, and Zhuge Liang, the strategist of Shu, put in place an elaborate, multi-step plan. Via an intermediary, they managed to trick Cao Cao into chaining his ships together to reduce the seasickness for his army of mainly northerners on the mighty Yangtze River. By doing so, Cao’s fleet became vulnerable to attacks using fire.

However, the elaborate plan required one critical element: a favourable easterly wind, without which the flames would cause a blowback and set themselves on fire. After a few tension-filled days, the wind eventually turned in their favour, an attack was launched and the smaller states won a resounding victory.

Nanofilm was using the proverb to describe how the company had all the right pieces in the right place and was only waiting for a proverbial “East Wind” to propel it upwards.

“Our investments in production capacity, infrastructure and R&D made in 2021 and previous years will position us well for future growth,” says group CEO Gary Ho in the press release accompanying the FY2021 results.

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