Nonetheless, Lim notes that the company has continued to invest steadily in capacity expansion, diversifying its footprint beyond China, as well as setting up a new business unit, Sydrogen, to focus on developing solutions for a hydrogen economy.
Ada Lim of OCBC Investment Research (OIR) has a “hold” call on Nanofilm Technologies (Nanofilm) at an increased fair value of 71.5 cents from 61 cents, as she expects investor sentiment to “pick up” on the stock following the Monetary Authority of Singapore’s (MAS) equity market development programme (EQDP).
Nanofilm’s performance, being largely dependent on customer demand for its products, has been hampered by challenges such as digital downturn, sticky inflation and supply chain disruptions.
