Nanofilm Technologies International

Nanofilm abandons FY2025 earnings and revenue target following profit warning for 1HFY2023 - THE EDGE SINGAPORE

Results

Nanofilm abandons FY2025 earnings and revenue target following profit warning for 1HFY2023

The company expects revenue to drop by a third and incur a loss of $8 million

Broker's Calls

DBS downgrades Nanofilm to ‘fully valued’ as outlook remains weak

Despite the downgrade, analyst Ling Lee Keng sees Nanofilm’s recovery in the 2HFY2023 as “intact”.

Broker's Calls

CGS-CIMB downgrades Nanofilm to 'reduce' with lower TP of $1.13

The company may report a loss for its 1HFY2023 results, notes analyst William Tng.

New appointments

Nanofilm Technologies makes changes in leadership

The changes will be made effective on June 15.

Broker's Calls

Analysts neutral on Nanofilm; UOBKH upgrades call to ‘hold’ as challenges appear to be lesser in FY2023

UOB Kay Hian analyst John Cheong has upgraded his call for Nanofilm to “hold” with a higher TP of $1.28 from $1.02 previously.

Results

Nanofilm Technologies reports 2HFY2022 earnings of $25.0 mil, 43.6% lower y-o-y

Nanofilm has proposed a final dividend of 1.1 cents per ordinary share, payable on May 18.
DBS cuts Nanofilm's target price to $1.33 on lowered profit guidance - THE EDGE SINGAPORE

Broker's Calls

DBS cuts Nanofilm's target price to $1.33 on lowered profit guidance

While Nanofilm has lowered its FY2022 numbers, there is no change to its 2025 earnings target of $100 million

Results

Nanofilm expects to report 30% decline in patmi for FY2022

The group will be releasing its results for the 2HFY2022 and FY2022 on Feb 21.
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