Broker Name: CGS International Securities
Date of Report: February 9, 2026
Excerpt from CGS International Securities report.
Report Summary
- Nanofilm Technologies Int’l Ltd is expected to report strong FY25 net profit growth (+52% YoY), with further earnings recovery anticipated in FY26-27 due to new product launches, tighter cost controls, and limited expansionary capex.
- The report upgrades Nanofilm from “Reduce” to “Add,” citing increased net profit growth, improving outlook, and potential liquidity re-rating, with a new target price of S\$0.72 representing a 32% upside.
- Key catalysts include more orders from major smartphone customers and operational progress at Sydrogen Energy, while risks remain around customer concentration, global competition, and foreign exchange exposure.
- Nanofilm’s financials show gradual net profit recovery since FY23, improved margins, and strong 3-year EPS CAGR forecast of 50%, outperforming Asian peers in growth but trailing in ROE.
- ESG highlights include environmentally-friendly coating technologies, commitment to reducing GHG emissions, and compliance with global ESG audits, positioning Nanofilm positively as customers prioritize sustainability.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website: https://www.cgs-cimb.com
