OKP | ICT magazine

RSS Feed

Twitter

Facebook

Posts Tagged ‘OKP’

Oct 27: Suntec REIT, XinRen, Yangzijiang, Yongnam, OKP

October 27th, 2010 | No Comments

Singapore shares may have a weak start on Wednesday after Wall Street closed flat overnight ahead of next week’s US elections and likely announcement of more stimulus by the Federal Reserve. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.62% on Tuesday to 3,162.51 points. Here are some stocks and factors to watch, say Thomson Reuters and Bloomberg:

Singapore’s Suntec Real Estate Investment Trust (SUNT.SI) may be in focus after it said on Tuesday it was buying a one-third interest in properties owned by two Hong Kong firms in the city-state’s downtown Marina Bay area for $1.5 billion.

OKP Holdings wins $22m PUB contract for road-raising works along Orchard Road

October 26th, 2010 | No Comments

Mainboard-listed OKP Holdings, one of the leading infrastructure and civil engineering firm, has landed a $22 million contract from the PUB, the national water agency, for road-raising works in the Orchard Road area.

Oct 26: Yangzijiang, SGX, Wing Tai, GMG Global, MCL Land, Frasers Centrepoint Trust, OKP

October 26th, 2010 | No Comments

Singapore shares may rise on Tuesday, helped by gains on Wall Street overnight as a falling dollar prompted investors to pick up riskier assets. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.27% on Monday to 3,182.08 points. Here are some stocks and factors to watch, according to Thomson Reuters and Bloomberg:

OKP Holdings posts 13% rise in 3Q net profit to $4.5m

October 25th, 2010 | No Comments

Mainboard-listed infrastructure and civil engineering company OKP Holdings says net profit for the third quarter ended 30 September 2010 increased to $4.5 million, up $0.5 million or 13% from the previous corresponding period.

Group revenue strengthened 4% or $1.5 million to $36.6 million compared to $35.1 million generated in the third quarter of the year before.

Higher revenue was largely a result of a 8% increase in the construction segment but lower contributions from the maintenance segment.

{jcomments on}

OKP Holdngs rated ‘buy’ by DBS

October 4th, 2010 | No Comments

DBS Vickers Securities in an Oct 4 research report says: “OKP is a civil works contractor focused on the road infrastructure market in Singapore and has the capability and expertise to carry out large infrastructure projects.

Weekend Comments Oct 1: The road ahead for OKP

October 1st, 2010 | No Comments

ON FRIDAY, OKP Holdings’ share price jumped 14.9% to 54 cents putting the company’s market value at $143 million. Although this still makes it a small cap stock, all could change in the year ahead. On the same day, DBS Vickers released a 19-page report on the company. Just last week (Sept 27-Oct 1), The Edge Singapore featured OKP in its Construction Boom Phase 2 story. The company, a civil engineering company which specialises in road infrastructure is affectionately known as the road builder because the bulk of its contracts comes from the LTA to maintain and build roads. DBS Vickers’ report says that the stock is worth 70 cents per share, or $185.5 million and has initiated coverage with a Buy recommendation.

OKP up sharply on broker report

October 1st, 2010 | No Comments

Shares of Singapore construction firm OKP Holdings <OKPH.SI> rose as much as 21 percent in early trade on Friday after a local brokerage initiated coverage on the firm with a $0.70 target price.

At 10:10 a.m., OKP shares were trading at $0.545 on a volume of 7.7 million shares.

"The rise in share price is due to the report," said a local trader.

DBS Vickers said OKP is a beneficiary of steady investments in public transport infrastructure projects in Singapore with a net order book of more than $200 million.

The brokerage added that it expected a steady compound annual growth rate (CAGR) of 12% for the firm’s 2009-2011 financial years.

{jcomments on}

OKP wins $1.1m contract for Jurong Island reclamation works

August 30th, 2010 | No Comments

OKP Holdings, the infrastructure and civil engineering firm, today announced that it has won a $1.1 million contract for land reclamation works on Jurong Island.

OKP says the contract was awarded to its wholly-owned subsidiary, Or Kim Peow Contractors. Work on the foreshore reclamation project has already begun and is expected to be completed by the end of this year.

OKP Holdings rated ‘increased exposure’ by SIAS Research

August 3rd, 2010 | No Comments

SIAS Research in an Aug 2 research report says: “2Q FY2010 revenue and net attributable profit grew by 17% and 22% compared to the last quarter, as a result of higher percentage of revenue recognised from existing projects.

OKP posts 18% rise in 2Q net profit to record $4.3m

July 29th, 2010 | No Comments

Mainboard-listed infrastructure and civil engineering company OKP Holdings today announced a record net profit of $7.8 million for its first half year ended 30 June 2010 on the back of $73.7 million revenue.

This is up from $6.8 million and $61.5 million, respectively from the corresponding period in the previous year.

The board of directors is proposing an interim dividend of 1.0 cent per share, which works out to a dividend payout ratio of 34% based on 1H2010 profits.

May 11: DBS, Tiger Air, Cerebos, Sarin, FJ Benjamin, 8Telecom, OKP, China Paper

May 11th, 2010 | No Comments

Singapore’s benchmark Straits Times Index (.FTSTI) jumped 2.11% to 2,880.48 points on Monday.

Singapore stocks are expected to gain on Tuesday, along with other Asian markets, relieved by the US$1 trillion package to contain the European sovereign debt crisis.

US stocks racked up their biggest one-day gain on Monday in over a year as an agreement on the emergency rescue package from the EU quelled fears a new credit crisis would derail European economies. Here are some stocks and factors to watch:

OKP Holdings posts 10% rise in 1Q net profit to $3.5m

May 10th, 2010 | No Comments

OKP Holdings, the infrastructure and civil engineering company, says the group posted a revenue of $33.9 million and net profit after tax of $3.5 million for the first quarter ended 31 March 2010 (1QFY2010), up 14.5% and 10.1% compared to the same corresponding quarter a year ago respectively.

OKP says the construction segment continued to contribute the lion’s share of overall revenue, recording revenue of $27.4 million for the quarter, an increase of $6.5 million or 31.1% from the $20.9 million in the previous corresponding period. This was mainly attributed to a higher percentage of revenue recognised from a few construction projects which were in full swing in the period under review.

May 6: OCBC, Hyflux, Synear, SGX, OKP, Hongkong Land, Creative Tech

May 6th, 2010 | No Comments

Singapore’s benchmark Straits Times Index (.FTSTI) fell 1.41% to 2,860.31 points on Wednesday. Singapore banks such as DBS Group (DBSM.SI) and other blue chips are expected to fall on Thursday as fears that the fallout from the Greek debt crisis could spread to bigger European economies hit global shares. On the New York Stock Exchange, four stocks fell for every one that rose while the euro hit a 14-month low.

OKP wins 2 contracts totalling $34.3m from LTA

May 5th, 2010 | No Comments

OKP Holdings, one of the leading infrastructure and civil engineering firms, has sealed two deals with the Land Transport Authority.

The projects were awarded to OKP’s wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, for ad hoc repairs, maintenance and upgrading of roads, road-related facilities and road structures in the Central and North-West Sectors.

OKP secures $5.2m JTC project for construction and maintenance works at Tuas

March 3rd, 2010 | No Comments

OKP Holdings, the infrastructure and civil engineering firm, has secured its first contract win for the year — a $5.2 million contract from the Jurong Town Corporation (JTC) — for construction and maintenance works at Tuas South Avenue 12 and Tuas South Avenue 14 (Tuas View Extension – Phase 1).

The project was awarded to OKP’s wholly-owned subsidiary, Eng Lam Contractors Co., and is scheduled to begin in March and targeted for completion in June 2011. The scope of works includes construction and maintenance works of carriageways, drains and pipes, footpaths, traffic signages and street lightings as well as landscaping works such as turfing and tree-planting.

Feb 26: Sembcorp, Golden Agri, UOB, OKP, Tiger Airways, BreadTalk, Wee Hur

February 26th, 2010 | No Comments

Singapore’s benchmark Straits Times Index (.FTSTI) fell 0.47% to end at 2,749.15 points yesterday. US stocks recovered most of their losses, but ended lower last night after weak employment and durable goods data added to recent worries about the strength of the economic recovery. Here are some stocks to watch out for:

Sembcorp Industries reported a 157% growth in 4Q2009 PATMI to $259 million compared to $100.8 million in 4Q2008, while turnover was $2.4 billion compared to $2.7 billion in 4Q2008.

OKP Holdings posts 52% higher full-year net profit of $14.4m

February 25th, 2010 | No Comments

OKP Holdings, the homegrown infrastructure and civil engineering company, says it registered a net profit after tax and minority interest of $14.4 million for the full financial year ended 31 December 2009, up 52% from the $9.5 million it made in the preceding year. This came on the back of a record revenue of $130 million, an increase of 28% from $101.8 million in financial year ended 31 December 2008.

Profit before income tax was $17.1 million, up 40% from the $12.2 million it recorded previously. This was due mainly to an increase in gross profit of $2.1 million and other income of $0.6 million coupled with a fall in administrative expenses of $2.0 million, other expenses of $0.2 million and finance costs of $0.01 million. Earnings per share for the year rose to 6.06 cents, from 4.21 cents, in the previous year.

OKP Holdings announces 1-for-2 bonus issue and 1-for-4 rights issue of warrants

September 14th, 2009 | No Comments

OKP Holdings, the Mainboard-listed infrastructure and civil engineering company, says it is proposing a bonus issue and a rights issue of warrants.

OKP Holdings will issue 82,430,470 new OKP shares under the bonus issue. Shareholders will be entitled to one new OKP share for every two existing OKP shares held.

The bonus exercise will increase OKP’s issued share capital to 247,291,410 shares from 164,860,940 shares.