bullish

OKP

OKP Holdings Limited: Initiation Research (28 September 2026)

95 Views01 Oct 2026 16:39
SUMMARY
  • OKP Holdings (OKP) is a cash-rich, execution-led play on Singapore's public infrastructure pipeline.

  • A decade of specialising in LTA commuter and cycling path works has lifted gross margins from single digits to above 30%, and the order book reached S$797.9m, ~3.4x trailing revenue.

  • The shares have re-rated sharply since 2024, but ~S$172.3m of net cash as at 30 June 2026 still underpins modest valuations, ex-cash.

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  • OKP Holdings Limited: Initiation Research (28 September 2026)
    01 Oct 2026
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