OKP

OKP: Group awarded a $10.2m contract for the improvement of roadside drains from PUB. The contract, which mainly involves the construction of box drains/entrance culverts in the Joo Chiat district, will boost OKP’s total gross order book to $393.5m. Work is expected to commence on 15 Apr 2013 and complete by 14 Oct 2015. OKP trades at 12.3x historical P/E, 1.6x P/B; Peer Koh Brothers trades at 7.4x P/E, 0.7x P/B;