OKP Holdings has faced difficulties in the past due to the fatal accident at their project in 2017. With respect to the accident, OKP succeeded in the Arbitration against the design consultant and awarded S$43,792,421.96. Also with respect to the accident, they were not actively pursuing government tenders from 2017-2020. Unlike majority of Singapore’s construction industry, they avoided executing projects that were badly affected by cost increases arising from the pandemic. OKP has regained momentum in new contract wins worth $384.5mil since Nov 2022. It has been a long time since I covered OKP Holdings (SGX:5CF). In fact, it was 2019 when I believed that they have the ability to overcome their difficulties. With the dust settled behind them and armed with a huge cash holdings, they are getting back on its feet.