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K75 Oiltek Shares Soar 400% YTD: Will Parent Company Koh Brothers Eco Ride the Wave?
With Oiltek’s market capitalization reaching $143 million, Koh Brothers Eco Engineering’s 68.14% stake is valued at $84.5 million — more than Koh Brothers Eco’s total market cap. This valuation disparity has investors questioning whether the parent company is undervalued, particularly as it secures major government contracts.
On Nov 19, Koh Brothers Eco announced a $77.6 million contract for work on the Toa Payoh Integrated Development, lifting its total order book to $585.7 million. Previous wins include a $200.7 million PUB project at the Tuas Water Reclamation Plant and a $186 million HDB contract for the Kallang Integrated Development.
While Oiltek captures headlines for its rapid growth, Koh Brothers Eco Engineering may soon attract attention as a potential value play. The question remains: can it capitalize on its subsidiary’s momentum and deliver similar gains to shareholders?