Broker Name: OCBC Group Research
Date of Report: 15 January 2026
Excerpt from OCBC Group Research report.
- US, Europe, Asia Market Recap: Global equities partially rebounded, supported by resilient AI demand, strong earnings, and sector rotations. Tech sentiment improved on US tariff exemptions for imported chips.
- Singapore Market: The Straits Times Index closed higher, with banks and financials outperforming, while REITs and real estate lagged. Trading volume and turnover declined.
- Research Highlight – Nordic Group: OCBC initiates coverage with a BUY rating and fair value estimate of SGD 0.59, forecasting a 37% upside and a 4.9% dividend yield for FY26. Strengths include strategic acquisitions, contract wins (SGD 70m), and exposure to defence and sustainability sectors.
- Industry Outlook: Nordic’s revenue base is stabilizing due to maintenance services, with financials recovering post-2024 rate peak. Rate cuts and disinflation are expected to support further industrial rebound and margin expansion.
- Singapore Property Sector: Sentiment is improving, supported by a favorable rate environment and strategic initiatives to unlock shareholder value.
- Major STI Stocks: The report lists top Singapore stocks by market cap, with recommendations and key valuation metrics.
Report Summary
- Global stock markets showed resilience with sector rotations and improved tech sentiment.
- Nordic Group stands out for its strategic growth and stable revenue base; OCBC recommends BUY with significant upside.
- Singapore’s property sector is seeing renewed investor confidence due to supportive rates and value-unlocking strategies.
- Key Singapore blue-chip stocks and REITs are detailed with current recommendations.
Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website.
