"We continue to believe OKP to be one of the main beneficiaries of Singapore’s construction boom," says Yon, who values OKP at 8x FY2025 earnings of $37.1 million.
Nicholas Yon of Lim & Tan Securities has kept his "buy" call and 97 cents target price on OKP Holdings (SGX:5CF
) after it won yet another roadwork contract worth $258.3 million, bringing its total order book to $735.8 million.
Despite the share price run-up, valuations remain undemanding at 6.2x FY2025 earnings, states Yon in his June 6 note, referring to OKP's gain of 142.2% year to date.
