Stock Name: OKP
Company Name: OKP HOLDINGS LIMITED
OCBC Investment Research in a Dec 1 research report says: "We recently caught up with OKP's management for an update of their outlook of 2012 and also as a check of our contract win assumptions for the next two years.
"We understand that the group has been working on a number of tenders. Given its high tender success rate (c.94% success rate for tenders the group participated in during 2010) and track record, we believe that the group will be successful in some of its tenders, and add more contracts in the near future.
"Given OKP's order book of more than $400 million and its gainful position if Singapore government increases infrastructure spending, we continue to believe that the near-term prospects of OKP should remain healthy. We maintain our fair value estimate at 64 cents, implying potential upside of c.22%. MAINTAIN BUY."
Company Name: OKP HOLDINGS LIMITED
| Research House: OCBC | Price Call: BUY | Target Price: 0.64 |
OCBC Investment Research in a Dec 1 research report says: "We recently caught up with OKP's management for an update of their outlook of 2012 and also as a check of our contract win assumptions for the next two years.
"We understand that the group has been working on a number of tenders. Given its high tender success rate (c.94% success rate for tenders the group participated in during 2010) and track record, we believe that the group will be successful in some of its tenders, and add more contracts in the near future.
"Given OKP's order book of more than $400 million and its gainful position if Singapore government increases infrastructure spending, we continue to believe that the near-term prospects of OKP should remain healthy. We maintain our fair value estimate at 64 cents, implying potential upside of c.22%. MAINTAIN BUY."
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