Broker: OCBC Group
Date of Report: 6 April 2026
Excerpt from OCBC Group report.
Report Summary
- DBS Group Holdings Ltd (DBS SP) – HOLD, Target Price: Not specified in excerpt. Dividend yield F1: 5.6%. P/E F1: 15x.
- Oversea-Chinese Banking Corp Ltd (OCBC SP) – HOLD, Target Price: Not specified. Dividend yield F1: 4.3%. P/E F1: 13x.
- Singapore Telecommunications Ltd (ST SP) – HOLD, Target Price: Not specified. Dividend yield F1: 3.7%. P/E F1: 29x.
- United Overseas Bank Ltd (UOB SP) – HOLD, Target Price: Not specified. Dividend yield F1: 4.7%. P/E F1: 11x.
- Singapore Technologies Engineering Ltd (STE SP) – BUY, Target Price: SGD 12.50. Dividend yield F1: 1.9%. P/E F1: 33x. Actionable idea: Momentum continues, supporting further upside.
- Techtronic Industries (669 HK) – BUY, Target Price: HKD 150.00. Positioned for further growth.
- China Aviation Oil (CAO SP) – BUY, Target Price: SGD 2.48. Actionable idea: Positive outlook, “To the moon”.
- Nordic Group (NRD SP) – BUY, Target Price: SGD 0.60. Supported by solid contract wins.
- Nanofilm Technologies International Ltd (NANO SP) – BUY, Target Price: SGD 0.705. Outlook remains positive.
- ComfortDelGro Corporation (CD SP) – BUY, Target Price: SGD 1.74. Positive growth trajectory.
- Wilmar International (WIL SP) – BUY, Target Price: SGD 3.97. Regulatory overhang largely provisioned for.
- SATS Ltd (SATS SP) – BUY, Target Price: SGD 4.32. Proving its mantle.
- ST Engineering Ltd (STE SP) – BUY, Target Price: SGD 12.50. Momentum continues.
- Info-Tech Systems Ltd (ITSL SP) – BUY, Target Price: SGD 1.30. Leaps and bounds in performance.
- Mapletree Industrial Trust (MINT SP) – HOLD. Dividend yield F1: 6.6%. P/E F1: 16x.
- CapitaLand China Trust (CLCT SP) – HOLD, Target Price: SGD 0.655. Yield supportive at current levels.
- First REIT (FIRT SP) – HOLD, Target Price: SGD 0.245. Proposed exit from Indonesia.
Key actionable insights:
- ST Engineering (STE SP): BUY, Target Price: SGD 12.50 – Momentum continues, positive outlook.
- Techtronic Industries (669 HK): BUY, Target Price: HKD 150.00 – Positioned for further growth.
- China Aviation Oil (CAO SP): BUY, Target Price: SGD 2.48 – Positive growth prospects.
- Wilmar International (WIL SP): BUY, Target Price: SGD 3.97 – Regulatory issues largely provisioned.
- SATS Ltd (SATS SP): BUY, Target Price: SGD 4.32 – Showing resilience and potential upside.
above is an excerpt from a report by OCBC Group. Clients of OCBC Group can be the first to access the full report from the OCBC Group website : https://www.ocbc.com
