Nanofilm Technologies' Outlook for Key Business Units Appears Positive — Market Talk

Nanofilm Technologies International's outlook for its key business units appears positive, UOB Kay Hian's John Cheong says in a research report. Its advanced material business unit's consumer subsegment is likely to see deepening customer engagement to capture additional functional coating opportunities and to expand its portfolio into larger components, the analyst says. For the industrial equipment business unit, the nanotechnology solutions provider expects strong momentum and positive outlook across core markets, Cheong notes. For the nanofabrication business unit, the company is expanding application focus to automotive, smart eyewear, AI data centers and robotics. The brokerage raises the stock's target price to S$1.91 from S$0.73 with an unchanged buy rating. Shares are 5.8% lower at S$1.30. (ronnie.harui@wsj.com)