Broker Name: OCBC Group Research
Date of Report: 9 March 2026

Excerpt from OCBC Group Research report.

Report Summary:

• Global markets were volatile as oil prices surged above \$100/barrel due to Middle East conflict, leading to declines in US, European, and Asian stock indices. Investors are concerned about rising inflation and further interest rate hikes.
• Singapore stocks were resilient, with the Straits Times Index flat, while sector performance was mixed. Nordic Group was highlighted for steady growth and new contract wins, especially in the semiconductor space, and is rated BUY with a fair value of SGD 0.60.
• Other research ideas covered board diversity for International Women’s Day, and the Singapore hospitality sector, which saw softer January but is expected to rebound with upcoming events. The impact of Middle East conflict remains uncertain and continues to be monitored.

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: https://www.ocbc.com