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Nanofilm Technologies with questionable disclosures going to IPO here

maxsanic said:
Haha I see our good old SOS is still on the tracks of Nano Film.

Anyway out of curiosity and abundance of time, I took a look at their leadership profile and one of the things that struck me as odd is the fact that though this Company brands itself as a leader in nano material sciences, other than the founder none of the senior management have scientific academic qualification or professional experience in this area.

In fact, majority of its Directors and C-suites are either from the investment community, in charge of business development or were in some sort of finance role. This misalignment between talent inventory and professed business proposition is usually a red flag that warrants deeper investigation. Here’s a summary of Nano Film’s key leaders besides the GCB founder:

Mr Gary Ho Hock Yong, Executive Director and, Group Chief Executive Officer
Education – Diploma in Production Technology + MBA
Career – Various management positions in Hi-P, a telecom equipment manufacturing company

Mr Russell Tham Min Yew, Non-Executive and Non-Independent Director
Education – Bachelor of Mechanical Engineering
Career –Sales and business development in Applied Materials and investment related in Temasek

Ms Ong Siew Koon, Lead Independent Director
Education – Bachelor of Accountancy
Career – EY Finance

Mr Kristian John Robinson, Independent Director
Education – Bachelor of Chemical Engineering
Career – Patent Attorney

Ms Lee Lee Khoon, Independent Director
Education – Bachelor of Accountancy
Career – EY Finance

Mr Wan Kum Tho, Independent Director
Education – Bachelor of Business Administration
Career – Investments related

Mr Lim Kian Onn, Group Chief Financial Officer
Education – Bachelor of Accountancy
Career – Investment related

Mr Gian Yi-Hsen, Group Chief Commercial and Strategy Officer
Education – Bachelor of Electronic Engineering
Career – Investment, corporate strategy and business development in various companies

Mr Lars Lieberwirth, Group Chief Technology Officer
Education – Graduate Engineer in Precision Engineering
Career – Very broad based, all sorts of positions in different industries (Pharma, FMCG, Telecom)

One can see that for a Company that sells itself as a participant in frontier nano materials Science, none of the key management personnel possess the academic qualifications to really understand what they are selling. The closest we get is Bachelors in various Engineering fields. Career wise none of them have ever been involved in nano material research and/or implementation.

In theory there is nothing wrong with having a heavily lopsided leadership focused on investment, finance and business development, but when this same company splatters all sorts of scientific and R&D jargons to imply that it competes by achieving scientific breakthroughs in material sciences and production technologies, you gotta question where their priorities are.

Either they’ve got the wrong people steering the ship or the ship is not what it seems.
Click to expand...

You are the professional one. I can't put it better in words that you.
 
At 30% below IPO price, and a few years of "splendid" revenue and profit growth since IPO, yet the company is slowing down their share buybacks and so unwilling to give more than 1-cent dividends.
 

Citi downgrades Nanofilm to 'sell' as it sees a 'challenging path ahead' for the group​

Felicia Tan Fri, Nov 04, 2022 • 01:04 AM

https://www.theedgesingapore.com/ca...ilm-sell-it-sees-challenging-path-ahead-group

“Despite the 54% year-to-date (ytd) share price decline (versus the Straits Times Index’s 3% decline), we now anticipate further headwinds ahead driven by an uncertain demand recovery as well as margin pressure from capacity expansion plans,” he writes.

“In our bear case scenario, we see a further 47% downside from current levels [of $1.79 as at Nov 2],” he adds. “Our revised target price and FY2023 EPS imply a P/E ratio of 14x versus [an] EPS compound annual growth rate or CAGR of 8% over the FY2022-FY2024.”
 
SOS said:

Citi downgrades Nanofilm to 'sell' as it sees a 'challenging path ahead' for the group​

Felicia Tan Fri, Nov 04, 2022 • 01:04 AM

https://www.theedgesingapore.com/ca...ilm-sell-it-sees-challenging-path-ahead-group

“Despite the 54% year-to-date (ytd) share price decline (versus the Straits Times Index’s 3% decline), we now anticipate further headwinds ahead driven by an uncertain demand recovery as well as margin pressure from capacity expansion plans,” he writes.

“In our bear case scenario, we see a further 47% downside from current levels [of $1.79 as at Nov 2],” he adds. “Our revised target price and FY2023 EPS imply a P/E ratio of 14x versus [an] EPS compound annual growth rate or CAGR of 8% over the FY2022-FY2024.”
Click to expand...

ze same analist had a $3.18 target price juz a month ago. chart wise feelz like a falling knife :eek:

https://sg.finance.yahoo.com/news/analysts-keep-buy-nanofilm-sees-020947908.html
 
MaximiLian said:
ze same analist had a $3.18 target price juz a month ago. chart wise feelz like a falling knife :eek:

https://sg.finance.yahoo.com/news/analysts-keep-buy-nanofilm-sees-020947908.html
Click to expand...
They lied and painted a rosy picture to many analysts, bribed the handsome boys and cute girls in Heliconia to support their start-up..............

if the numerous issues mentioned in this thread are too long to read, just see how the shares dropped after COO and CEO run road a year ago.
 
SOS said:
They lied and painted a rosy picture to many analysts, bribed the handsome boys and cute girls in Heliconia to support their start-up..............

if the numerous issues mentioned in this thread are too long to read, just see how the shares dropped after COO and CEO run road a year ago.
Click to expand...

yes iz tldr. :D
u mean ze analist iz ze good guy here 2 sound ze alarm bell wif a downgrade? :eek::eek::biggrin:
 
SOS said:
They lied and painted a rosy picture to many analysts, bribed the handsome boys and cute girls in Heliconia to support their start-up..............

if the numerous issues mentioned in this thread are too long to read, just see how the shares dropped after COO and CEO run road a year ago.
Click to expand...
It is in tiong genes to lie. They lie verbally and now many also lie flat.
 
nanofilms' hydrogen project is another lure to get more investment from Temasek.

Bear in mind that the Sydrogen's product is used for Hydrogen fuel cell, According to those playing hydrogen in Singapore, nanofilm's coating method is based lousier sputtering-machine tech from China's universities. The good ones in China are with other companies.

They are still fine-tuning their failure-rates. Their BPP production method is less durable (not dual-side coating and slower substrate coating) than existing European physical vapor deposition tech, eg Singapore, SGL, France Pragma, Germany Fraunhofer, Germany Schunk, Germany Sitec, Sweden ImpactCoat, Switzerland Feintool. The Korea and Japanese research institutions have also far better superior capability.

Greedy nanofilm also played two sides. On one side, they cooperate with shenzhen Everwin in China in Sept 2022, but resell the similar business solution through Sydrogen with Temasek.
 
Nice-Gook said:
Why not ? East India Company HQ was in Calcutta , from the opium grown here the British subdued and conquered China , so history indeed can repeat itself
Click to expand...
Oops ... his thread was in 2020.... still missing... cld be dead from covid...
 
Last edited:
Ish another Chartered Semi saga $20 to $0.20
 
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