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Nanofilm shares fall 28.8% on disappointing H1 results despite firm's upbeat outlook

It is among the day's worst-performing stocks; plans are underway to capture greater market share in 3C sub-segment

Published Tue, Aug 17, 2021 · 05:50 AM

Nanofilm

Singapore

SHARES of Nanofilm Technologies International (MZH : MZH 0%) fell 28.8 per cent on Monday to S$4.25 following a disappointing set of half-year results announced last Friday. This is despite the firm's expectation of higher business activity in the second half as it enters peak season and the prospects of new projects - such as its venture into hydrogen fuel cells - coming to fruition.

Nanofilm was among the worst-performing stocks on the Singapore Exchange on Monday. Year-to-date, its share price is down 3.4 per cent. It is also 36.3 per cent lower than its 52-week high of S$6.67 on July 26.