Broker Name: OCBC Group Research

Date of Report: 3 March 2026

Excerpt from OCBC Group Research report.

• Report Summary
• Nanofilm Technologies reported FY25 revenue growth of 19.7% to SGD244.6m, though results missed expectations; dividends per share increased significantly to 1.20 Singapore cents.
• Management targets higher revenue and profitability for FY26, but the fair value estimate is cut from SGD0.790 to SGD0.705 and rating is downgraded to HOLD due to limited price return; potential risks include weak end-market demand and global smartphone market decline, while positive catalysts include improved business sentiment and easing supply chain disruptions.

Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website: https://www.ocbc.com