Broker: OCBC Group Research
Date of Report: 20 April 2026

Excerpt from OCBC Group Research report.

Report Summary

• Keppel DC REIT (KDCREIT SP):
  Action: BUY
  Target Price: SGD 2.78
  Idea: OCBC highlights a “stellar start to FY26” for Keppel DC REIT, backing a positive outlook with a BUY rating. Investors are advised to accumulate for a total expected return exceeding 10% (excluding dividends).
• Techtronic Industries (669 HK):
  Action: BUY
  Target Price: HKD 150.00
  Idea: OCBC sees Techtronic Industries as “positioned for further growth” and recommends a BUY for significant upside potential.
• China Aviation Oil (CAO SP):
  Action: BUY
  Target Price: SGD 2.48
  Idea: The report is bullish on China Aviation Oil, with a BUY recommendation and a clear upside target.
• Nordic Group (NRD SP):
  Action: BUY
  Target Price: SGD 0.60
  Idea: OCBC expects solid contract wins to support growth momentum and recommends accumulating the stock.
• Nanofilm Technologies International Ltd (NANO SP):
  Action: BUY
  Target Price: SGD 0.705
  Idea: OCBC encourages investors to “look on the bright side” and accumulate Nanofilm Technologies for further upside.
• ST Engineering Ltd (STE SP):
  Action: BUY
  Target Price: SGD 12.50
  Idea: OCBC expects momentum to continue for ST Engineering and recommends a BUY for further returns.

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 Group Research website: https://www.ocbc.com