Buy Rating, 37% Upside, Dividend Yield & Growth Outlook – Minichart
Broker Name: OCBC Group Research
Date of Report: 15 January 2026
Excerpt from OCBC Group Research report.
Report Summary
- OCBC Group Research initiates coverage on Nordic Group with a BUY rating and a fair value estimate of SGD0.59, representing a 37% upside from the last close. The forecasted FY26 dividend yield is an attractive 4.9%.
- Recent contract wins (SGD70m in Dec 2025) and strategic acquisitions in defence and sustainability sectors provide improved revenue visibility and long-term stability.
- Nordic’s diversified revenue base, strong balance sheet, and pivot towards maintenance services help buffer cyclical risks and support steady growth.
- Global and local trends—such as increased government spending on…
