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OKP Holdings
01-08-2017, 10:01 AM,
Post: #111
RE: OKP Holdings
We will know the effect of this in months to come.

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01-08-2017, 10:11 AM,
Post: #112
RE: OKP Holdings
(31-07-2017, 07:54 PM)karlmarx Wrote: OKP Holdings' Q2 profit doubles on higher revenue

CONSTRUCTION firm OKP Holdings on Monday reported that its second quarter net profit doubled to S$4.95 million from a year ago, on the back of strong growth in revenue from its maintenance segment.

For the three months as at end June, revenue came in at S$34.4 million, up 43.2 per cent year on year. This was due mainly to growth in its core business segments - construction and maintenance.

"The increase in revenue from both segments was due mainly to some of the projects progressing to a more active phase during the second quarter ended June 30, 2017," the group said on Monday in filings to the Singapore Exchange.

http://www.businesstimes.com.sg/companie...er-revenue

http://infopub.sgx.com/FileOpen/Q2Result...eID=464820

No mention was made of possible financial impacts from the accident.

I think no mention because they also don't really know yet.
They won't know the results of the investigation, and after that, whether there'd be any punitive actions taken against them and the extent of it.
We'd only have a hint of the impact when Q3 results come out.

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01-08-2017, 11:07 AM,
Post: #113
RE: OKP Holdings
(01-08-2017, 10:11 AM)TTTI Wrote:
(31-07-2017, 07:54 PM)karlmarx Wrote: OKP Holdings' Q2 profit doubles on higher revenue

CONSTRUCTION firm OKP Holdings on Monday reported that its second quarter net profit doubled to S$4.95 million from a year ago, on the back of strong growth in revenue from its maintenance segment.

For the three months as at end June, revenue came in at S$34.4 million, up 43.2 per cent year on year. This was due mainly to growth in its core business segments - construction and maintenance.

"The increase in revenue from both segments was due mainly to some of the projects progressing to a more active phase during the second quarter ended June 30, 2017," the group said on Monday in filings to the Singapore Exchange.

http://www.businesstimes.com.sg/companie...er-revenue

http://infopub.sgx.com/FileOpen/Q2Result...eID=464820

No mention was made of possible financial impacts from the accident.

I think no mention because they also don't really know yet.
They won't know the results of the investigation, and after that, whether there'd be any punitive actions taken against them and the extent of it.
We'd only have a hint of the impact when Q3 results come out.

What would be the worst case scenario due to the accident?

1. Fine ... max fine?
2. Insurance cover will mitigate some lost.
3. Affect future bid score

Anyone knows?

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01-08-2017, 04:13 PM,
Post: #114
RE: OKP Holdings
not so simple, the project collapsed and life is lost, this is major case.
hope government takes a long hard look at OKP and their subcontractors.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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01-08-2017, 04:40 PM,
Post: #115
RE: OKP Holdings
Contractor in fatal viaduct collapse won bid with low safety score, lowest tender price: MOT


http://www.channelnewsasia.com/news/sing...um=twitter



... But Mr Tan noted that OKP has now been placed under the Business Under Surveillance programme after the viaduct collapse, owing to 2016 enhancements which expand the criteria to immediately include any company with a stop-work order or any number of fatalities.

“To exit from (the programme), companies need to demonstrate to MOM that they have taken remedial steps to improve its WSH performance,” he said. “This includes conducting refresher training for all workers on any unsafe practices found. On average, this process takes at least one year.


... So, OKP will have hard time to bid for new project?

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04-08-2017, 11:00 PM,
Post: #116
RE: OKP Holdings
(01-08-2017, 11:07 AM)Ray168 Wrote:
(01-08-2017, 10:11 AM)TTTI Wrote:
(31-07-2017, 07:54 PM)karlmarx Wrote: OKP Holdings' Q2 profit doubles on higher revenue

CONSTRUCTION firm OKP Holdings on Monday reported that its second quarter net profit doubled to S$4.95 million from a year ago, on the back of strong growth in revenue from its maintenance segment.

For the three months as at end June, revenue came in at S$34.4 million, up 43.2 per cent year on year. This was due mainly to growth in its core business segments - construction and maintenance.

"The increase in revenue from both segments was due mainly to some of the projects progressing to a more active phase during the second quarter ended June 30, 2017," the group said on Monday in filings to the Singapore Exchange.

http://www.businesstimes.com.sg/companie...er-revenue

http://infopub.sgx.com/FileOpen/Q2Result...eID=464820

No mention was made of possible financial impacts from the accident.

I think no mention because they also don't really know yet.
They won't know the results of the investigation, and after that, whether there'd be any punitive actions taken against them and the extent of it.
We'd only have a hint of the impact when Q3 results come out.

What would be the worst case scenario due to the accident?

1. Fine ... max fine?
2. Insurance cover will mitigate some lost.
3. Affect future bid score

Anyone knows?

I wrote the IR regards to above...

Their reply is as follow:

With regards to your questions, the Group is currently assessing the
damages and additional costs for this project.

Thank you.

Regards.
IR Department

----------------------------------------------

Nevertheless, I think the findings will be announce in October 2017 and we will able to know the fine and implication to OKP future projects.
Just have to wait and see.

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