0731 GMT - Nanofilm Technologies International's gross margin may weaken in 2025-2026, DBS Group Research's Lee Keng Ling says in a research report. The company's 1Q earnings missed expectations due to a gross margin decline caused primarily by lower contribution from its industrial equipment business unit, which typically delivers higher margins, the analyst notes. The nanotechnology solutions provider's new initiatives, including its entry into the energy segment, are still in the development phase and near-term cost pressure remains, the analyst adds. DBS cuts its gross margin assumptions for the company to 37.5% from 41% for 2025 and to 41% from 43.5% for 2026. It lowers the stock's target price to S$0.50 from S$0.72 and maintains a hold rating. Shares are 0.9% higher at S$0.545. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 03:31 ET (07:31 GMT)
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