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Tuesday, April 7th, 2026

Global Markets Update April 2026: US, Asia, and Singapore Stocks Rise Amid Middle East Tensions and Hospitality Sector Outlook 12

Report Summary

  • Key Actionable BUY Calls:

    • Techtronic Industries (669 HK):
      Action: BUY
      Target Price: HKD 150.00
      Highlight: Positioned for further growth.
    • China Aviation Oil (CAO SP):
      Action: BUY
      Target Price: SGD 2.48
      Highlight: To the moon.
    • Nordic Group (NRD SP):
      Action: BUY
      Target Price: SGD 0.60
      Highlight: Solid contract wins to support growth momentum.
    • Nanofilm Technologies International (NANO SP):
      Action: BUY
      Target Price: SGD 0.705
      Highlight: Look on the bright side.
    • ST Engineering Ltd (STE SP):
      Action: BUY
      Target Price: SGD 12.50
      Highlight: Momentum continues.
    • Info-Tech Systems Ltd (ITSL SP):
      Action: BUY
      Target Price: SGD 1.30
    • ComfortDelGro Corporation (CD SP):
      Action: BUY
      Target Price: SGD 1.74
    • Wilmar International (WIL SP):
      Action: BUY
      Target Price: SGD 3.97
  • Highlights & Ideas:

    • Singapore Hospitality sector: Near-term rebound in tourist arrivals and hotel metrics due to Lunar New Year timing, but outlook marred by Middle East conflict. Football World Cup 2026 seen as a potential catalyst for hospitality, beverages, and sportswear sectors.
  • Investment Implications:

    • Investors are encouraged to focus on the actionable BUY calls with clear target prices for growth opportunities.

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

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