Broker: OCBC Group Research
Date of Report: 13 April 2026
Excerpt from OCBC Group Research report.
Report Summary
- Singapore Small/Mid-Cap Equities: OCBC highlights a “watershed moment” for Singapore’s small/mid-cap (SMID) stocks, citing their ability to capitalize on structural growth and value unlocking, while offering attractive income opportunities. Preferred SMID picks: BOCS SP, CLINT SP, CAO SP, HLA SP, ITSL SP, NRD SP, OUEREIT SP, PREIT SP, SERT SP. Action: Focus on these preferred names for potential upside.
- Actionable BUY Calls & Targets:
- China Aviation Oil (CAO SP): BUY, Target Price: SGD 2.48
- Nordic Group (NRD SP): BUY, Target Price: SGD 0.60
- Nanofilm Technologies (NANO SP): BUY, Target Price: SGD 0.705
- ST Engineering (STE SP): BUY, Target Price: SGD 12.50
- Info-Tech Systems Ltd (ITSL SP): BUY, Target Price: SGD 1.30
- OCBC’s BUY rating typically indicates expected returns above 10% for most stocks, and above 30% for companies under S\$150m market cap (excluding dividends).
- Implication: Investors should focus on the actionable BUY ideas above, prioritizing stocks with specific price targets for highest conviction. SMIDs are highlighted for strategic growth and value unlocking opportunities.
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
