On Dec 21, Nanofilm announced it is paying $9.9 million to acquire AxynTeC Dünnschichttechnik, a Germany-based thin-film coating solutions provider, whose customers include those in medtech and non-consumer electronics.
Nanofilm Technologies International's recent acquisition of a German company to beef up its presence in Europe has not changed the restrained view of CGS-CIMB's William Tng.
Citing the absence of re-rating catalysts, Tng, in his Jan 3 note, has maintained his "reduce" call and 75 cents target price on the stock.
