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)
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