Nanofilm Technologies - UOB Kay Hian 2023-08-14: 1H23 In-Line But Slower-Than-Expected Recovery For 2H23

• NanoFilm reported 1H23 net loss of S$8m (vs S$19m earnings in 1H22), in line with our expectation. 1H23 revenue fell 34% y-o-y due to softer end-consumer demand, particularly in its 3C segment and the slower-than-expected recovery in China.
• - Read this at SGinvestors.io -
• We trimmed our 2023/24 EPS forecast for NanoFilm by 38%/8%. Our target price for NanoFilm fell 10% to S$1.00. Upgrade to HOLD.

Reported 1H23 net loss is in line with expectation and profit warning released.

• NanoFilm Technologies (SGX:MZH) reported 1H23 net loss of S$8m (vs S$19m positive earnings in 1H22), this is in line with our expectation and NanoFilm's profit warning released earlier on 10 Jul 23.
• - Read this at SGinvestors.io -

Largest revenue segment suffered due to weak demand in consumer electronics market.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-04-23 Nanofilm Technologies - 1Q25 Revenue In Line But Gross Margin Misses Expectations.

Previous report by UOB:
2024-10-30 Nanofilm Technologies - 3Q24 Revenue In Line With Expectations; Maintain SELL On Rich Valuation.

Price targets by 2 other brokers at NanoFilm Target Prices.

Listing of research reports at NanoFilm Analyst Reports.

Relevant links:
NanoFilm Share Price History,
NanoFilm Announcements,
NanoFilm Dividend Payout Dates & Corporate Actions,
NanoFilm News