SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Yangzijiang Maritime Development closed Nov 21 at S$0.67, up 12% from its S$0.60 offer price.</li><li>CSE Global led 2H25 net institutional inflows with S$47.5 million, achieving a 70% total return.</li><li>Addvalue Technologies recorded a 207% price gain in 2H25, with S$5.2 million net institutional inflow.</li></ul>

Yangzijiang Maritime Development closed Nov 21 at S$0.67, up 12% from its S$0.60 offer price.CSE Global led 2H25 net institutional inflows with S$47.5 million, achieving a 70% total return.Addvalue Technologies recorded a 207% price gain in 2H25, with S$5.2 million net institutional inflow.

New FTSE ST All-Share Index Inclusion and Recent Institutional Inflow Highlights 

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/okp-holdings-ltd">OKP Holdings</a> is a leading Singapore-based infrastructure and civil engineering company with a strong reliance on public sector projects, complemented by a growing maintenance business and rental income from investment properties.</li>
  <li>The company has demonstrated a significant financial turnaround, with robust revenue growth and a substantial improvement in profitability in FY2024, driven by higher-margin projects and effective cost management.</li>
  <li>Fueled by a strong order book of S$600.7 million providing revenue visibility until 2027 and a favorable outlook for Singapore's construction sector, OKP is well-positioned for sustained growth, though it remains exposed to the cyclical nature of the industry and potential project delays.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
OKP Holdings is a leading Singapore-based infrastructure and civil engineering company with a strong reliance on public sector projects, complemented by a growing maintenance business and rental income from investment properties.
  The company has demonstrated a significant financial turnaround, with robust revenue growth and a substantial improvement in profitability in FY2024, driven by higher-margin projects and effective cost management.
  Fueled by a strong order book of S$600.7 million providing revenue visibility until 2027 and a favorable outlook for Singapore's construction sector, OKP is well-positioned for sustained growth, though it remains exposed to the cyclical nature of the industry and potential project delays.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Dealing, Product Financing and Custody Services, Tickrs

Tickrs

Dealing, Product Financing and Custody Services

Tickrs Financial Singapore Pte Ltd (TFS) obtained Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) in 2022. Product offering include stock trading services across 10 global markets, futures trading, fixed income and wealth management products offering.

<ul><li>Earnings Visibility from Public Infrastructure Pipeline: OKP’s core competency in public sector civil engineering (roads, bridges, flyovers, etc.) positions it well for recurring government projects awarded by agencies like the Land Transport Authority (LTA), Public Utilities Board (PUB) and Building &amp; Construction Authority (BCA).</li><li>The group’s order book of S$648.3 million, comprising large multi-year public infrastructure contracts, underpins strong earnings visibility through 2031.</li><li>As these projects are typically on long-term recurring frameworks, OKP faces a low earnings risk profile despite macroeconomic fluctuations.</li></ul>

Earnings Visibility from Public Infrastructure Pipeline: OKP’s core competency in public sector civil engineering (roads, bridges, flyovers, etc.) positions it well for recurring government projects awarded by agencies like the Land Transport Authority (LTA), Public Utilities Board (PUB) and Building &amp; Construction Authority (BCA).The group’s order book of S$648.3 million, comprising large multi-year public infrastructure contracts, underpins strong earnings visibility through 2031.As these projects are typically on long-term recurring frameworks, OKP faces a low earnings risk profile despite macroeconomic fluctuations.

OKP Holdings Update : Reinforced Foundations, Elevated Outlook

<ul><li>Positioned to Ride a Multi-Year Construction Upcycle: We believe OKP offers a compelling play on Singapore’s infrastructure boom.</li><li>After a prolonged lull in the 2010s (exacerbated by Covid-19 disruptions), the domestic construction sector is rebounding strongly.</li><li>In 2024, Singapore’s construction contract awards hit S$44.2 billion, exceeding initial forecasts (S$35–41b).</li></ul>

Positioned to Ride a Multi-Year Construction Upcycle: We believe OKP offers a compelling play on Singapore’s infrastructure boom.After a prolonged lull in the 2010s (exacerbated by Covid-19 disruptions), the domestic construction sector is rebounding strongly.In 2024, Singapore’s construction contract awards hit S$44.2 billion, exceeding initial forecasts (S$35–41b).

OKP Holdings Initiation : Riding the Infrastructure Wave: OKP in Prime Position

<ul><li>The FTSE ST Industrials Index saw a 17% total return in 2025, with S$588M net institutional inflows.</li><li>ST Engineering achieved a 78% total return, driven by diversified business and strategic digital investments.</li><li>OKP Holdings' share price surged 200% YTD, supported by a S$736M order book and AI-driven automation.</li></ul>

The FTSE ST Industrials Index saw a 17% total return in 2025, with S$588M net institutional inflows.ST Engineering achieved a 78% total return, driven by diversified business and strategic digital investments.OKP Holdings' share price surged 200% YTD, supported by a S$736M order book and AI-driven automation.

Industrials Lead the Charge: FTSE ST Industrials Outpaced STI Since February

Singapore

OKP Holdings Limited is a leading transport infrastructure and civil engineering group in Singapore, specializing in the construction of airport runways, expressways, vehicular bridges, urban roads, and oil and gas-related infrastructure. The Group also undertakes maintenance works for roads and road-related facilities, and has expanded into property development and investments. Headquartered in Singapore, the company traces its origins to a sole proprietorship established in 1966.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

OKP (OKP SP)

Primer: OKP Holdings (OKP SP) - Sep 2025

OKP Holdings is a leading Singapore-based infrastructure and civil engineering company with a strong reliance on public sector projects,...

αSK Primers

OKP Holdings Update : Reinforced Foundations, Elevated Outlook

Earnings Visibility from Public Infrastructure Pipeline: OKP’s core competency in public sector civil engineering (roads, bridges, flyovers, etc.)...

Tickrs

OKP Holdings Initiation : Riding the Infrastructure Wave: OKP in Prime Position

Positioned to Ride a Multi-Year Construction Upcycle: We believe OKP offers a compelling play on Singapore’s infrastructure boom. After a...

Tickrs

Industrials Lead the Charge: FTSE ST Industrials Outpaced STI Since February

The FTSE ST Industrials Index saw a 17% total return in 2025, with S$588M net institutional inflows. ST Engineering achieved a 78% total return,...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

New FTSE ST All-Share Index Inclusion and Recent Institutional Inflow Highlights

Yangzijiang Maritime Development closed Nov 21 at S$0.67, up 12% from its S$0.60 offer price. CSE Global led 2H25 net institutional inflows with...

Singapore Exchange Ltd (SGX)

Primer: OKP Holdings (OKP SP) - Sep 2025

OKP Holdings is a leading Singapore-based infrastructure and civil engineering company with a strong reliance on public sector projects,...

αSK Primers

OKP Holdings Update : Reinforced Foundations, Elevated Outlook

Earnings Visibility from Public Infrastructure Pipeline: OKP’s core competency in public sector civil engineering (roads, bridges, flyovers, etc.)...

Tickrs

OKP Holdings Initiation : Riding the Infrastructure Wave: OKP in Prime Position

Positioned to Ride a Multi-Year Construction Upcycle: We believe OKP offers a compelling play on Singapore’s infrastructure boom. After a...

Tickrs

Industrials Lead the Charge: FTSE ST Industrials Outpaced STI Since February

The FTSE ST Industrials Index saw a 17% total return in 2025, with S$588M net institutional inflows. ST Engineering achieved a 78% total return,...

Singapore Exchange Ltd (SGX)