"The structural nature of these projects provides a supportive tender pipeline and reinforces OKP’s role as a niche public-infrastructure contractor," he adds.
Chen Guangzhi of KGI Securities has initiated coverage on construction firm OKP Holdings with a bullish "outperform" call and $1.31 price target, citing the ongoing multi-year infrastructure upcycle that supports the company's orderbook replenishment.
"OKP is well positioned to benefit from Singapore’s sustained infrastructure investment cycle, supported by public-sector projects in civil engineering, transport connectivity, roads, drainage, commuter infrastructure and active-mobility networks," says Chen in his June 4 note.
