Analysts from Citi Research and DBS Group Research are optimistic about Nanofilm’s prospects after the company announced its plans to establish a joint venture company (JVCo) with two partners to develop solutions for metal components in battery packs and systems in electric vehicles (EVs) and new...

THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 29):

Nanofilm Technologies International has formed a joint venture with two partners to tap the growing market for newer generations of batteries, especially those used in electric vehicles.While the joint venture is focused on China for now, the partners have plans to eventually go international.The tw...

A SUBSIDIARY of Nanofilm Technologies has entered into a joint venture with 2 Chinese companies to provide coating solutions for advanced battery components and systems in electric vehicles, as well as energy-storage applications in China.

UOB Kay Hian has added Nanofilm to its alpha picks portfolio for the month of September.The addition comes as the team believes Nanofilm’s new product launches and market expansions will lead to a strong 2HFY2022.At the same time, the team has removed AEM from its portfolio as it expects a weaker ...

CGS-CIMB Research analyst William Tng has kept an “add” rating on Nanofilm with a lowered target price of $3.05 from $3.07.“Our target price (based on FY2023 earnings per share (EPS) forecast) is reduced slightly to $3.05 as the -1 s.d. P/E multiple over October 2020 to August 2022 has fallen ...

Nanofilm Technologies International and Yangzijiang Financial Holding (YFH) are two closely-watched companies that have resumed share buybacks following their respective firsthalf earnings announcements.Nanofilm, which provides its coating for parts using its proprietary technology, bought back a to...

MAINBOARD-LISTED Nanofilm Technologies posted a 5.1 per cent year-on-year increase in net profit to S$18.8 million from S$17.9 million previously, according to its results filing on Thursday (Aug 11).

Nanotechnology solutions company Nanofilm has reported revenue of $111.3 million for its 1HFY2022 ended June 30, a 15.3% jump y-o-y.Earnings also grew 5.1% to $18.8 million, a 5.1% rise y-o-y.In a release, Nanofilm said this was achieved despite the “challenging operating environment” during the...

CGS-CIMB Research analyst William Tng has maintained his “overweight” call on the tech manufacturing sector, handing “add” calls to all the companies under the brokerage’s coverage.The companies are AEM, Grand Venture Technology and Venture Corp, which are given target prices of $6.85, $1....

DBS Group Research equity analysts Yeo Kee Yan and Janice Chua say that the market faces a “correction” this month according to historical trends, following the rebound seen in July.The Straits Times Index (STI) had a 3.35% month-on-month (m-o-m) rebound in July, in line with Yeo and Chua’s ex...

DBS Research analyst Ling Lee Keng has maintained her “buy” call for Nanofilm Technologies with a lower target price (TP) of $3.21 from $3.70 previously, as she trims the company’s forecasted earnings for FY2022 and FY2023 by 7% and 6% respectively.The lowered earnings forecast comes on the ba...

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

ANALYSTS have lowered their target prices on mainboard-listed Nanofilm Technologies in view of the expected slowdown in demand, which will weaken its earnings prospects in the near term.