0652 GMT - Nanofilm Technologies International faces rising downside risk of weakening demand for consumer electronics, OCBC Investment Research's Ada Lim says in a research report. The company's key customer Apple has delayed upgrade of its 'Siri' digital assistant to the coming year from spring, the analyst notes. This is likely negative for the nanotechnology solutions provider as Siri's new artificial intelligence features were expected to drive a refresh cycle later this year, the analyst says. Clients at Nanofilm's Industrial Equipment Business Unit' could grow more cautious around capital expenditures for equipment as global supply chains re-arrange in response to tariff developments. OCBC lowers the stock's fair value estimate to S$0.665 from S$0.735, with an unchanged hold rating. Shares are 3.2% lower at S$0.610. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 02:52 ET (06:52 GMT)
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