OKP Holdings - Lim & Tan Securities 2025-06-06: Record Order Win

• We maintain our BUY rating on OKP with a target price of S$0.97, based on an unchanged 8x FY25F P/E and a revised net profit forecast of S$37.1mln in FY25F, reflecting OKP’s order book run-down and contract win momentum.

Net orderbook of S$735.8mln.

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• Lastly, the net orderbook of $735.8mln suggests a half-yearly run rate of S$147.8mln, which forms 67% of our FY25 consensus and a ~ 100% y-o-y improvement compared to OKP’s 1HFY24 results.

Conservative earnings revisions.

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Above is an excerpt from a report by Lim & Tan Securities Research.
Clients of Lim & Tan Securities may be the first to access the full PDF report @ https://www.limtan.com.sg/.

Read also LIM's most recent report:
2026-02-04 OKP Holdings - Leveraging On The Construction Upcycle.

Price targets by other brokers at OKP Target Prices.

Listing of research reports at OKP Analyst Reports.

Relevant links:
OKP Share Price History,
OKP Announcements,
OKP Dividend Payout Dates & Corporate Actions,
OKP News