---
title: "Stock Analysis: Nordic Group | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278699607.md"
description: "Nordic Group recommends buying, with a target price of 0.60 yuan and a closing price of 0.48 yuan (-1.04%). The company has secured a contract for the development of worker dormitories, expected to be operational in the first quarter of 2028, with orders totaling 219 million yuan. Maintenance engineering contracts account for a significant proportion, providing stable income. The order-to-shipment ratio is 1.32 times, supporting future revenue. Earnings per share are expected to be 5.28 cents for the fiscal year 2026, maintaining a \"buy\" rating"
datetime: "2026-03-11T10:12:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278699607.md)
  - [en](https://longbridge.com/en/news/278699607.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278699607.md)
---

# Stock Analysis: Nordic Group | Lianhe Zaobao

### Nordic Group

-   Recommendation: Buy
-   Target Price: 0.60 CNY
-   Closing Price: 0.48 CNY (-1.04%)

Engineering solutions provider Nordic secured a worker dormitory development contract in February this year, which helps enhance the group's profit margin. Management expects the related dormitories to be operational in the first quarter of 2028.

As of the end of the 2025 fiscal year, the group's order backlog reached 219 million CNY, with contracts related to maintenance engineering accounting for a significant proportion, providing a stable source of income.

The group's book-to-bill ratio is 1.32 times, which supports revenue for the next two fiscal years.

#### Further Reading

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Currently, the global macroeconomic environment is filled with uncertainties, while Asian economies continue to show resilience. The group has established a presence in promising sectors such as technology, defense, and sustainability, which can drive long-term growth.

We expect the group to achieve an earnings per share of 5.28 cents in the 2026 fiscal year. Maintain "Buy" rating, target price 0.60 CNY. (OCBC Group Research)

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