OKP

OKP: Secured a $13.6m contract from PUB for improvement works to roadside drains in the Geylang area. Contract period will commence on 15 Jul and expected to be completed within two years. This brings OKP's gross order book to $428.8m which should keep it busy till 2015. The civil engineering firm has a wide exposure in the public sector, with projects amounting to ($277.2m) 64% of its current order book. This include $165.5m coming from LTA, $106.8m from PUB and $4.9m from JTC. From 1Q13 results, the pressure from the increasing wages placed OKP's earnings below expectations.