Written by: jinshu
Friday 26 Feb 2016
OKP Holdings Limited - Company note
Order book yields interesting insights
We dissected OKP’s net order book of S$344.8m (+16.2% from S$296.8m a year ago) and estimate that revenue will likely grow by 26% to S$130m in 2016. Assuming similar segment margins as in 2015, we estimate that net profit attributable to shareholders will likely grow by 17.7% in 2016 to around S$8.2m. Deducting net cash of S$0.170 per share from share price, OKP trades at a low P/E of 2.5x FY16 earnings.

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OKP Holdings Limited - Company note
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