Nanofilm and Sea: Tale of two tech stocks with diverging fortunes after results release
Add BT as a preferred sourceLOCALLY-LISTED tech manufacturer Nanofilm Technologies and New York-listed e-commerce and gaming giant Sea share some obvious similarities.
Both these Singapore companies have China-born founders. Since going public, the two companies have seen their shares soar. And, during their latest financial reporting period, both companies turned in higher revenues compared to the previous year but lower net profit.
One big difference between the two companies: investors did not seem to mind the weaker profitability at Sea but punished Nanofilm severely.
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