Potential Construction Projects for OKP

On 31st August 2012, Friday, there was a Straits Times article entitled, "Massive Construction Boom On The Horizon". The article announced that at least $55 billion worth of construction projects is currently being undertaken or will be undertaken until 2021. Two of the more significant road projects are the $4.3 billion Marina Coastal Expressway and … Continue reading Potential Construction Projects for OKP

Update on OKP’s Half-Year Results

OKP released their half-year results on Friday, 20th July 2012. I will not be analysing the numbers from the results in this post. Their results can be viewed from the SGX annoucement here. Rather, this post will be about my views of their results. When comparing the yearly results (1HFY2012 vs 1HFY2011), their net profits dipped close … Continue reading Update on OKP’s Half-Year Results

OKP Pros and Cons Analysis

Pros Acceptable moat - only listed road specialist, many years of experience and track record Strong financials, FCF, ROE, margins Good dividend yield Even though undertaking mostly government projects, margins are high - shows management competence China Sonangol catalyst (construction of condos, overseas opportunities, can be acquisition target) Oil and gas industry catalyst Property development … Continue reading OKP Pros and Cons Analysis