“We expect this positive trajectory to accelerate, underpinned by Nanofilm’s diversified growth drivers – from a recovering 3C (Consumer, Communication & Computer) electronics business to rapidly growing new segments in automotive coatings and hydrogen energy solutions,” says Chao.
Tickrs Financial analyst Jaimes Chao has initiated a “buy” call on Singapore-based deep-tech company Nanofilm Technologies International with a target price of 75 cents.
In his Dec 4 report, Chao notes that Nanofilm’s earnings are rebounding strongly after a difficult FY2023. FY2024’s revenue saw a growth of 15.4% y-o-y to $203.4 million and PATMI of $7.7 million. The momentum carries on into 1HFY2025 with 29.6% y-o-y revenue growth and a swing back to net profit of $1.6 million, compared to a loss of $3.7 million a year earlier.
