Nanofilm Technologies International Ltd. (MZH – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst John Cheong from UOB Kay Hian maintained a Sell rating on the stock and has a S$0.46 price target.
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John Cheong has given his Sell rating due to a combination of factors impacting Nanofilm Technologies International Ltd. Although the company’s first-quarter revenue for 2025 met expectations with a 12% year-over-year increase, the gross margin fell short, declining by 6 percentage points. This decline was primarily due to weaker performance in the industrial equipment business unit, which typically has higher margins.
Furthermore, while the advanced material and nanofabrication business units showed growth, the industrial equipment business unit experienced a significant year-over-year decline of 24%. Despite having limited direct exposure to US tariffs, Nanofilm may still face indirect impacts due to the complex global operating environment. The company’s diversified industry exposure and geographic presence offer some resilience, but achieving meaningful earnings recovery might take time. Consequently, John Cheong maintains a Sell rating with a lower target price.