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CIMB: Nanofilm Technologies Int’l Ltd – ADD TP $3.50

Confident of growing in FY22F

? In its 1Q22 business update, Nanofilm reported that revenue increased 27%
yoy supported by growth in all its business units.
? While acknowledging the challenging operating environment, the group
guided that it remained confident of growth in FY22F.
? We reiterate our Add call as Nanofilm enters the typically stronger secondhalf.

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