According to Lim, Nanofilm's performance is "highly correlated" to demand for its customers’ products, which has been "challenging" amidst a digital downturn, sticky inflation, and supply chain disruptions.
Ada Lim of OCBC Investment Research, her April 2 note, has maintained her "hold" call on Nanofilm Technologies International (SGX:MZH
) .
However, seeing downside risk growing no thanks to softening end demand, and thereby delaying the coating provider's recovery, she has trimmed her fair value for this counter from 73.5 cents to 66.5 cents.
