Nordic Group's Solid Contract Wins Could Support Growth -- Market Talk

Dow Jones

03/09

0322 GMT - Singapore-listed Nordic Group's solid contract wins are likely to support its growth momentum, says OCBC Group Research's Troy Cheng in a note. The precision engineering company's order book expanded to S$201.9 million as of end-2025, thanks to a meaningful rise in its maintenance contracts, he notes. Order deliveries are likely to continue up to 2028, which could boost its top line he adds. Nordic is also likely to gain from robust semiconductor tailwinds, as Singapore's position as a semiconductor hub strengthens, he says, citing plans by Micron to invest in the city-state. OCBC raises its fair-value estimate on the stock to S$0.60 from S$0.59 and reiterates a buy rating. Shares fall 1.1% to S$0.455. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 08, 2026 23:23 ET (03:23 GMT)

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The precision engineering company's order book expanded to S$201.9 million as of end-2025, thanks to a meaningful rise in its maintenance contracts, he notes. Order deliveries are likely to continue up to 2028, which could boost its top line he adds. Nordic is also likely to gain from robust semiconductor tailwinds, as Singapore's position as a semiconductor hub strengthens, he says, citing plans by Micron to invest in the city-state. OCBC raises its fair-value estimate on the stock to S$0.60 from S$0.59 and reiterates a buy rating. Shares fall 1.1% to S$0.455. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 08, 2026 23:23 ET (03:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6520","symbol_name":"工商業服務概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618616968","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618616968","pubTimestamp":1773026580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0322 GMT - Singapore-listed Nordic Group's solid contract wins are likely to support its growth momentum, says OCBC Group Research's Troy Cheng in a note. The precision engineering company's order book expanded to S$201.9 million as of end-2025, thanks to a meaningful rise in its maintenance contracts, he notes. Order deliveries are likely to continue up to 2028, which could boost its top line he adds. Nordic is also likely to gain from robust semiconductor tailwinds, as Singapore's position as a semiconductor hub strengthens, he says, citing plans by Micron to invest in the city-state. OCBC raises its fair-value estimate on the stock to S$0.60 from S$0.59 and reiterates a buy rating. Shares fall 1.1% to S$0.455. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6520":"工商业服务概念","BK6045":"建筑与工程","MR7.SI":"挪迪克"},"translate_title":"北欧集团赢得的稳固合同可能会支持增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MR7.SI":0.9},"content_text":"0322 GMT - Singapore-listed Nordic Group's solid contract wins are likely to support its growth momentum, says OCBC Group Research's Troy Cheng in a note. The precision engineering company's order book expanded to S$201.9 million as of end-2025, thanks to a meaningful rise in its maintenance contracts, he notes. Order deliveries are likely to continue up to 2028, which could boost its top line he adds. Nordic is also likely to gain from robust semiconductor tailwinds, as Singapore's position as a semiconductor hub strengthens, he says, citing plans by Micron to invest in the city-state. OCBC raises its fair-value estimate on the stock to S$0.60 from S$0.59 and reiterates a buy rating. Shares fall 1.1% to S$0.455. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 08, 2026 23:23 ET (03:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}