Analyst William Tng of CGS International reiterated a Buy rating on Nanofilm Technologies International Ltd., boosting the price target to S$1.40.
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William Tng has given his Buy rating due to a combination of factors tied to Nanofilm’s earnings recovery and growth outlook. The company delivered a stronger-than-expected 1Q26, with revenue up 24% year-on-year and a sharp improvement in gross margin, supported mainly by its Advanced Materials Business Unit, which continues to drive the bulk of sales and benefit from rising demand.
Management’s positive view on FY26, ongoing technology advances, and deeper customer engagement, especially in China, underpin expectations of sustained double-digit growth in key segments. Reflecting this recovery and an estimated 59% EPS CAGR over FY25–28, Tng raised his earnings forecasts, applied a higher target P/E multiple, and lifted the target price to S$1.40, while acknowledging risks such as customer concentration and rising operating costs.
In another report released today, DBS also upgraded the stock to a Buy with a S$1.65 price target.
MZH’s price has also changed dramatically for the past six months – from S$0.685 to S$1.020, which is a 48.91% increase.