OKP Holdings has won a contract worth $11.7 million from PUB for drainage improvement works at several locations islandwide.
Works related to the contract will be done by Sept 2026.
"We are encouraged by the trust and confidence shown in our drainage/sewage specialisation and expertise and will focus on the smooth delivery," says Or Toh Wat, the company's group managing director.
With this contract win, OKP now has a total orderbook of $583.7 million.
OKP shares last changed hands at 21 cents, up 31.25% year to date.
At this price, OKP shares are valued at 1.93x historical earnings.
