$Nanofilm (MZH.SG)$ Analysts have lowered their tp on Nanofi...
$Nanofilm (MZH.SG)$
Analysts have lowered their tp on Nanofilm in view of the expected slowdown in demand, which will weaken its earnings prospects in the near term. CIMB analyst William Tng said that suppliers such as Nanofilm are grappling with higher input costs. With rising inflation concerns, there is also a risk of a decline in consumer spending, especially on discretionary consumer tech-related products, which accounted for 63% of Nanofilms revenue in the first quarter of this year, he added.
Analysts have lowered their tp on Nanofilm in view of the expected slowdown in demand, which will weaken its earnings prospects in the near term. CIMB analyst William Tng said that suppliers such as Nanofilm are grappling with higher input costs. With rising inflation concerns, there is also a risk of a decline in consumer spending, especially on discretionary consumer tech-related products, which accounted for 63% of Nanofilms revenue in the first quarter of this year, he added.
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