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

Nanofilm Technologies - 1H23 In-Line But Slower-Than-Expected Recovery For 2H23

NanoFilm (SGX:MZH) | SGinvestors.ioNanoFilm (SGX:MZH)
  • 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.
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  • 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.
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Largest revenue segment suffered due to weak demand in consumer electronics market.

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Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

John Cheong UOB Kay Hian Research | 2023-08-14

Read also UOB's most recent report:
2023-11-09 Nanofilm Technologies - Expect Weakness To Continue In 4Q23; Downgrade To SELL.

Price targets by 3 other brokers at NanoFilm Target Prices.

Listing of research reports at NanoFilm Analyst Reports.

Relevant links:
NanoFilm Share Price History,
NanoFilm Announcements,
NanoFilm Dividends & Corporate Actions,
NanoFilm News Articles


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