- We initiate a BUY recommendation on OKP Holdings (SGX:5CF) with a target price of S$0.93, based on a 8x forward P/E, in line with peers average.
- - Read this at SGinvestors.io -
Investment highlights
- OKP, with its holistic range of construction services, stands out as a prime candidate to capitalize on Singapore’s construction boom. This long-awaited multi-year upcycle will see construction demand reaching historical highs. Commanding a robust order book (S$600.7mln) and a solid net cash position (~63% of market cap) as of FY24, OKP boasts a compelling mix of strong fundamentals, including attractive valuations and a stellar track record.
- - Read this at SGinvestors.io -
About OKP
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