IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/nanofilm-technologies-international" target="_blank" data-smartkarma-citation="entities:29700:1" rel="noopener">Nanofilm Technologies International (NTI SP)</a> designs, manufactures, and assembles its proprietary coating equipment (and auxiliary equipment and spare parts), and develops and provides its surface solutions and advanced materials in-house. Nanofilm is looking to raise S$470 million ($346 million) through an SGX IPO. It will be the first IPO on SGX’s main board since <a href="https://www.smartkarma.com/entities/united-hampshire-us-reit" target="_blank" data-smartkarma-citation="entities:28874:1" rel="noopener">United Hampshire US REIT (UHUS SP)</a> IPO in March. </p><div class="content-highlight"><p>The IPO proceeds will be used for capex for new equipment, R&amp;D, maintenance capex and working capital. Overall, Nanofilm is an attractive growth story underpinned by proprietary technology, growing addressable markets, high customer stickiness, attractive margin profile and strong cash conversion, in our view.  </p></div>

Nanofilm Technologies International (NTI SP) designs, manufactures, and assembles its proprietary coating equipment (and auxiliary equipment and spare parts), and develops and provides its surface solutions and advanced materials in-house. Nanofilm is looking to raise S$470 million ($346 million) through an SGX IPO. It will be the first IPO on SGX’s main board since United Hampshire US REIT (UHUS SP) IPO in March. The IPO proceeds will be used for capex for new equipment, R&amp;D, maintenance capex and working capital. Overall, Nanofilm is an attractive growth story underpinned by proprietary technology, growing addressable markets, high customer stickiness, attractive margin profile and strong cash conversion, in our view.  

Nanofilm Technologies IPO Initiation: Layer by Layer

APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<div><p><a href="https://www.smartkarma.com/entities/nanofilm-technologies-international" target="_blank" data-smartkarma-citation="entities:29700:1" rel="noopener">Nanofilm Technologies International (NTI SP)</a>  is looking to raise up to US$345m in its Singapore IPO.</p></div><div>
<p>NTI is a leading nanotechnology solutions provider in Asia. The company operates three main business units (BU), namely, Advanced Materials, Nanofabrication, and Industrial Equipment.</p>
<p>In this note, we look at forecasts, assumptions, peer valuation, and share our thoughts on valuation.</p>
</div>

Nanofilm Technologies International (NTI SP)  is looking to raise up to US$345m in its Singapore IPO.
NTI is a leading nanotechnology solutions provider in Asia. The company operates three main business units (BU), namely, Advanced Materials, Nanofabrication, and Industrial Equipment.
In this note, we look at forecasts, assumptions, peer valuation, and share our thoughts on valuation.


Nanofilm Technologies IPO - Expensive but Still Justifiable Valuation

<p><a href="https://www.smartkarma.com/entities/nanofilm-technologies-international" target="_blank" data-smartkarma-citation="entities:29700:1" rel="noopener">Nanofilm Technologies International (NTI SP)</a>  is looking to raise up to US$345m in its Singapore IPO.</p><p>NTI is a leading nanotechnology solutions provider, operating in Asia. The company operates three main business units (BU), namely, Advanced Materials, Nanofabrication, and Industrial Equipment.</p><p>In this note, we will cover the company background, operational and financial numbers, and share our thoughts on its business.</p>

Nanofilm Technologies International (NTI SP)  is looking to raise up to US$345m in its Singapore IPO.NTI is a leading nanotechnology solutions provider, operating in Asia. The company operates three main business units (BU), namely, Advanced Materials, Nanofabrication, and Industrial Equipment.In this note, we will cover the company background, operational and financial numbers, and share our thoughts on its business.

Nanofilm Technologies IPO - Impressive Growth and Margins

Singapore

Nanofilm Technologies International Pte Ltd manufactures industrial machinery. The Company specializes in batch and load-lock systems, as well as materials with special surface properties and nano-engineering capabilities. Nanofilm Technologies International serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nanofilm (NANO SP)

Nanofilm Technologies IPO Initiation: Layer by Layer

Nanofilm is an attractive growth story underpinned by proprietary technology, growing addressable markets, high customer stickiness, attractive...

Arun George

Nanofilm Technologies IPO - Expensive but Still Justifiable Valuation

Valuation compared to smaller peers suggest some modest upside based on FY2020E and FY2021E P/E. The company is growing fast, it doesn’t need the...

Zhen Zhou, Toh

Nanofilm Technologies IPO - Impressive Growth and Margins

We like the company as its growth accelerated in 6M FY2020, driven by smartphones and wearables end markets. It likely counts Apple as its end...

Zhen Zhou, Toh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)