0508 GMT - Nanofilm Technologies International looks well-placed for long-term growth, OCBC Investment Research's Ada Lim says. The analyst cites the company's steady investment in capacity expansion, its proprietary differentiated coating solutions, and huge total market potential as growth drivers. OCBC has perceived an "inflection" in the nanotechnology solutions provider's financial performance in 3Q, which appears to signal the worst is behind the company. However, OCBC prefers to see further sequential, sustainable improvement to build up confidence surrounding the company. OCBC initiates coverage of the stock with a hold rating and a fair value estimate of S$0.760. Shares are unchanged at S$0.785. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 00:08 ET (05:08 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.