In his Apr 1 report, Yon says: “Additionally, with its operating leverage, OKP is better poised to capitalise on the construction boom, allowing it to deliver record profits and potentially raise dividends in FY2025.”
Nicholas Yon of Lim & Tan Securities has initiated coverage on OKP Holdings (SGX:5CF
) with a “buy” call and target price (TP) of 93 cents, identifying the stock as one to ride on Singapore’s construction upcycle.
With a FY2024 ended Dec 31, 2024 order book of $600.7 million and a “solid net cash position”, Yon believes that OKP boasts strong fundamentals, attractive valuations and a “stellar” track record.
