Nanofilm Tumbles 8.16% after OCBC Lowers Nanofilm's Target Price Second Time in a Week to 59.5 Cents
Citing uncertainty brought about by the trade war, Ada Lim of OCBC Investment Research has cut her target price for Nanofilm Technologies International for the second time in a week.
In her April 8 note, Lim now figures the company, which provides coating services for the consumer electronics industry and others, to have a fair value of 59.5 cents.
This follows her April 2 note where she has already reduced her fair value from 73.5 cents to 66.5 cents, given the "softening" outlook.
Nanofilm tumbles 8.16% at 2:35 pm, Apr 9th.
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