Cheong, in a March 3 note, highlighted Nanofilm’s strong performance in FY2020, in which revenue came in at $218 million, 52.8% higher y-o-y and core PATMI at $55 million, a 54.7% jump y-o-y.
Analysts from UOB Kay Hian and CGS-CIMB have maintained their “buy” and “add” calls on Nanofilm International after it released its first ever full year financial results after IPO.
UOB Kay Hian analyst John Cheong increased his target price from $4.52 to $5.51, while CGS-CIMB’s William Tng and Darren Ong maintained their target price of $5.52.
