Nanofilm Technologies - OCBC Investment Research 2025-06-13: Awaiting A Break In The Clouds

• Tariff uncertainty is challenging to quantify; NanoFilm has no material direct exposure to the US, and Singapore-based headquarters offers optionality.
• Pending concrete, positive company-specific or tariff-related developments, we prefer to stay conservative.

Share price grind up steadily.

• - Read this at SGinvestors.io -

Adopting a wait and see approach.

• - Read this at SGinvestors.io -
• Current data points paint a mixed picture, in our view. Canalys reported a slight 0.2% y-o-y growth in global smartphone shipments in 1Q25 – though this was the third consecutive quarter of declining growth. Meanwhile, Apple’s 2QFY25 results were modestly better than consensus estimates despite limited pull forward in demand due to tariffs.

Downgrade to HOLD.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-10-29 Nanofilm Technologies - A Resilient Set Of Results.

Previous report by OCBC:
2025-10-22 Nanofilm Technologies - Rating Upgrade On Share Price Pullback.

Price targets by other brokers at NanoFilm Target Prices.

Listing of research reports at NanoFilm Analyst Reports.

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