"The continued resilience of Asian economies amidst current global macroeconomic uncertainties, Singapore’s capital market reforms and Nordic’s exposure to secular growth trends in tech, defence, and sustainability will also act as enablers for Nordic’s growth in the longer term, making it an attractive investment opportunity, in our view," he adds.
Bryan Goh of OCBC Group Research has reiterated his "buy" call on Nordic Group along with a fair value of 59 cents, noting a favourable environment for industrial and engineering companies.
The company is benefiting from broader trends. "Moderating inflation and interest rate cuts since then have created favourable macro tailwinds which are supportive of the industrials sector and Nordic," state Goh in his Jan 30 note.
