InvestIdeas

Nanofilm Technologies launches IPO on SGX-ST’s Mainboard, market cap expected to be $1.71 bil
https://www.theedgesingapore.com/news/i ... ipo-sgx-st’s-mainboard-market-cap-expected-be-171-bil

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Nanofilm makes strong trading debut, market cap hits nearly $2 billion

It opened at $2.77 and by the lunch break, Nanofilm shares traded at $3.01, up 16.2% from its offer price of $2.59.

It reached $3.02 at one point, valuing the company at just a shade below $2 billion.
Thus far, nearly 88.8 million shares had changed hands.

Nanofilm’s IPO raised some $470 million and its offer was more than 23 times subscribed.

“We are pleased with this IPO, and while Nanofilm is the first deep-tech company in many years to list on SGX’s Mainboard, I firmly believe we will not be the last,” says Shi Xu, executive chairman of Nanofilm.

“With SGX’s right strategy and strong leadership shown clearly in this IPO process, SGX will be the listing hub for many deep-tech companies to come,” he adds.

“It is an impressive achievement for Nanofilm Technologies to attain tech unicorn status and SGX is proud to provide a listing platform for international investors to participate in its growth,” says Chew Sutat, SGX’s head of global sales and origination.

“Singapore’s strong reputation and ecosystem as an Asian technology hub has attracted many aspiring tech companies to set up their base here. The robust subscription for Nanofilm Technologies IPO demonstrates the market’s confidence in its business and prospects, as well as investors’ appetite for such deep tech companies,” he adds.

Source: The Edge

https://www.theedgesingapore.com/news/i ... -2-billion

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Nanofilm IPO turns former NTU professor into a billionaire

Provider of nanotechnology solutions for smartphones and other electronics.

With computers and wearable devices its main revenue drivers and more than 70 per cent of sales coming from China, the company is set to benefit from the growing demand for digital devices amid Covid-19.

Nanofilm has more than 1,400 employees in offices in Singapore, Japan, China and Vietnam.

Its revenue climbed more than 40 per cent in the first half of the year, after growing 16 per cent in 2019, according to its IPO prospectus.

While the firm's main customers include Fuji Xerox, Microsoft and Huawei Technologies, it noted that the reliance on its largest client, a tech company it didn't disclose, could be a risk factor - it generated more than half of last year's sales.

Source: Straits Times

https://www.straitstimes.com/business/c ... illionaire

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NanoFilm Technologies International (NANO SP)
Unique Technology Solutions Provider With High Growth Prospects

NanoFilm provides renowned blue chip customers with surface vacuum coating technology solutions, which is critical in enhancing the functionality and useful life of products.

We expect a robust 3-year earnings CAGR of 38.7% for 2019-22F, from the bigger wallet share of existing customers and the new application of technology.

We believe its unique technology provides a strong competitive advantage and warrants a
premium to peers.

Initiate coverage with BUY and target price of S$4.07.

Source: UOBKH

https://research.uobkayhian.com/content ... 0b82020d0c

not vested

NanoFilm Technologies International (NANO SP)
Conference Call Takeaways; Expect Further Re-rating

We recently hosted a conference call with NanoFilm’s CFO.

The key takeaways are:
a) FCVA technology opens up opportunities in new markets;
b) Growth would be driven by larger wallet share and organic growth; and
c) Growth in medium term will be supported by additional capacity from second Shanghai plant.

Further improvement in profitability and wider analyst coverage should help NanoFilm re-rate upwards. We maintain BUY and raise our target price by 11% to S$4.52.

Source: UOBKH

https://research.uobkayhian.com/content ... 048cc03bcb

not vested

Nano-sized powerhouse

NTI is the only company in the world that provides proprietary and environmentally-friendly FCVA coating technology at scale.

Our plant tour reaffirms our strong conviction of c.34% revenue/35% EPS CAGR over FY19-22F.

Initiate coverage on NTI with an Add rating and P/E based TP of S$5.52.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 9d0a3f7ae4

not vested

For Nanofilm Technologies, Tng of CIMB, is positive on the company due to its being the only company in the world that provides proprietary and environmentally-friendly Filtered Cathodic Vacuum Arc (FCVA) coating technology at scale.

“Supported by its patented technology and sole supplier status to its key customers, we believe the company will increase its wallet share with its existing customers and grow EPS at a compound annual growth rate (CAGR) of 35% over FY2019-2022F,” he says.

Hence, Tng has given an “add” rating for Nanofilm with a target price of $5.52 based on 35.3x FY2022F EPS.

Source: CIMB

Nanofilm Technologies issues 2.1 mil new shares
https://www.theedgesingapore.com/news/c ... new-shares

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Nanofilm posts record financial performance for FY20 in inaugural financial report since IPO

by Lim Hui Jie

The tech company saw earnings for the FY2020 increase 61.1% y-o-y to $57.6 million.

FY2020 revenue increased by 52.8% y-o-y to $218.3 million, as compared to $142.9 million a year ago, driven by its Advanced Materials and Nanofabrication Business Units.

As at end-December, cash and cash equivalents stood at $226.5 million.

Source: The Edge

https://www.theedgesingapore.com/capita ... report-ipo

not vested

Inaugural results reassuring

FY20 revenue was above at 111% and core PATMI in line at 96% of our fullyear expectations.

NANO continues to win wallet share from Customer Z and Microsoft. We expect a ramp-up in capacity in FY21F to meet strong demand from 3C market.

Reiterate Add with an unchanged TP of S$5.52, still pegged to 35x FY22F EPS, supported by high demand for its customers’ products in the 3C market.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 5D955D9DAB