ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

My question is if it is so easy to pledge collateral with using bonds to finance future projects (and earn 5% of interest meanwhile waiting), why not all companies with insignificant working capital requirements do the same? There must be something that we do not know or risks that we have not considered..

Today, OKP closed 8.55% up even though it opened much lower than Fri's close. Volume was high at 398K. Previous highest volume was on 1st March 2012 at 860K.

See Management's latest Q&A session here:
http://okp.listedcompany.com/qa_06032013.html

Stock been diving since last week.
Time to relook at its fundamental, beside e rising manpower costs.
Cant really see other weakness?

it's not cheap in the first place if you compare it to other construction companies. Coupled with the fact that it is investing its excess cash into fixed income instruments, that gives me the feeling that management is weak at capital allocation

Thot they quite pally with CS

http://www.economist.com/node/21525847

OKP Holdings wins $18.2 mil LTA road maintenance and upgrading contract

OKP Holdings, the infrastructure and civil engineering company, said wholly-owned subsidiary Eng Lam Contractors Co, won a $18.2 million contract from the Land Transport Authority (LTA) for ad hoc repairs, maintenance and upgrading of roads (inclusive of expressways), road structures and road related facilities in central Singapore.

The contract will boost OKP’s gross order book to $447 million and is expected to last 24 months, beginning on 24 July 2013 and ending on 23 July 2015. Eng Lam’s scope of work includes the milling of defective asphalt pavements, repair and construction of roads, footpaths, kerbs and other road related facilities as well as the supply and application of thermoplastic roads.

http://www.theedgesingapore.com/the-dail...tract.html

Financial Results: http://infopub.sgx.com/FileOpen/OKP_3Q20...eID=261419

Press Release: http://infopub.sgx.com/FileOpen/OKP_3Q20...eID=261420

Quote:

OKP Holdings Limited reports 20.5% higher revenue of S$92.8 million for the nine months ended 30 September 2013
- 60.6% yoy decline in profit after tax attributable to equity holders (“net profit”) to S$3.4 million for the nine months ended 30 September 2013 (“9M2013”)

(not vested)

Construction companies feeling the heat...

http://business.asiaone.com/news/labour-...me-sectors

OKP Holdings group managing director Or Toh Wat described the increase as "an all-time high", and firms that hire more lower-skilled construction workers will be harder hit. Mr Or expects the company's overall labour costs to go up by 10 to 20 per cent.

Huh? Today OKP got sold down all the way to 26 cents in the afternoon:

Time
15:15:51 Buy Up $0.340 22 lots
15:13:42 Buy Up $0.335 17 lots
14:49:54 Sell Down $0.260 12 lots
14:49:53 Sell Down $0.260 49 lots
14:49:53 Sell Down $0.300 2 lots
14:49:53 Sell Down $0.310 4 lots
14:49:53 Sell Down $0.320 5 lots
14:49:53 Sell Down $0.330 40 lots
14:39:00 Sell Down $0.340 80 lots
14:39:00 Sell Down $0.345 30 lots