However, patmi of $11.8 million, while up 52.4% y-o-y, was short of Chao estimates, no thanks to higher than expected write-off and depreciation as the company moved into a new capex cycle.
Jaimes Chao of Tickrs Financial Singapore has downgraded his call for Nanofilm Technologies International from "buy" to "hold" along with a lower target price of 65 cents from 75 cents.
In his March 26 note, Chao notes that the company, which provides coating services for consumer electronics and other products, has delivered a "solid operational performance" for its most recent FY2025, with adjusted ebitda up 21.3% yo $62.8 million on the back of $244.6 million in revenue, an increase of 19.7% y-o-y, "modestly" ahead of his estimates.
