OKP

Today, we are highlighting OKP in our "Hot Stock" column under Sunny Side Up. YTD, OKP has secured three public sector projects totalling about $39.5m. Total orderbook stands at $306.1m as of May 2010. We like OKP for its strong balance sheet given its net cash position of $83.1m, implying about 31.4 cts/share (or 71% of its market cap). The stock currently trades at an undemanding valuation of 7.2x FY10 and 5.9x FY11 PER.