Broker: OCBC Global Markets
Date of Report: 24 April 2026

Excerpt from OCBC Global Markets report.

Report Summary

• Nanofilm Technologies International Ltd (NANO SP):
  Action: HOLD
  Target Price: SGD 1.06
  Key Idea: The company delivered a 24% YoY revenue surge in 1Q26, with strong margin expansion and positive outlook on execution and cost control. However, the recent share price rally may have outpaced fundamentals. Maintain HOLD due to market exuberance and potential risks from input costs and demand.
• CapitaLand China Trust (CLCT SP):
  Action: HOLD
  Target Price: SGD 0.665
  Key Idea: 1Q26 showed mixed results with stable retail metrics and signs of stabilisation in logistics assets, but business park rental reversions remain negative. China’s insulation from Middle East conflict and cost savings may support downside risks, but upside is limited. Maintain HOLD.
• Keppel REIT (KREIT SP):
  Action: BUY
  Target Price: SGD 1.03
  Key Idea: Strong rental reversions and uplift in committed occupancy support a positive outlook. Rated BUY with upside potential.
• OUE REIT (OUEREIT SP):
  Action: BUY
  Target Price: SGD 0.41
  Key Idea: Business as usual with supportive metrics; BUY call maintained.
• Keppel DC REIT (KDCREIT SP):
  Action: BUY
  Target Price: SGD 2.78
  Key Idea: Stellar start to FY26; BUY for further growth potential.

above is an excerpt from a report by OCBC Global Markets. Clients of OCBC can be the first to access the full report from the OCBC website : https://www.ocbc.com