Nanofilm (SGX: MZH) share price worth $4 only?
Amid the dearth of mega IPOs and a slew of delisting in SGX mainboard, Nanofilm Technologies’ explosive debut on 30 October 2020 certainly created a mighty buzz among Singapore investment community. In my memory, the last home-grown company that had debut with such fanfare was NetLink NBN Trust in 2017. Question now: is Nanofilm (MZH) share price overvalued?
Indeed, Nanofilm (MZH) share price made a strong start with an opening price of $2.77 and an intra-day high of $3.02. With solid support from a stellar group of institutional investors like Temasek Holdings, AIA, Credit Suisse, investing in this company seems like a no-brainer. Or is it so? Admittedly, I had been keen to invest in this stock but a review of its financial performances made me think that Nanofilm (MZH) share price could be grossly overvalued.
Before examining the valuation of Nanofilm (MZH) share price in details, let me give a brief overview of the company’s profile. Nanofilm is a nanotechnology solution provider with three business units – advanced material surface solutions, production and supply of nanoproducts and manufacture of industrial equipment. Nanofilm’s solutions can be adaptable for use in smartphones, automotive, printing, computers and …