Company Name: OKP HOLDINGS LIMITED
| Research House: OCBC | Price Call: BUY | Target Price: 0.65 |
OCBC Investment Research has initiated coverage of Singapore construction firm OKP Holdings (OKPH.SI) at buy with a target price of $0.65.
OKP does infrastructure works for many government-related agencies in Singapore, such as the Land Transport Authority and the Public Utilities Board, and has a current order book of about $370 million, which will stretch till the end of 2014, OCBC said.
The brokerage noted that OKP's healthy balance sheet will give it flexibility to pursue different avenues of growth, like property construction and even property development.
OKP also has strong operating and net margins compared to its peers, and trades at attractive valuations, OCBC added that it expects OKP to report earnings per share of $0.093 in 2012 and $0.095 in 2013.
At 12 p.m., shares of OKP were 0.87% higher at $0.58, and have gained 1.8% since the start of the year.
No comments:
Post a Comment