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

Published:
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.
  • - 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.

  • Read more at SGinvestors.io.




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 @ https://www.utrade.com.sg/.




John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 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





Advertisement

You May Also Like




SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🧧

Advertisement