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Joelton
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27-Aug-2026 10:35
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DBS, CGSI maintain respective calls and target prices for Lum Chang Creations following in-line FY2026 results Ng Jia Hui of DBS Group Research has kept her " buy" call and target price of 51 cents on Lum Chang Creations after the company reporting in line earnings for its FY2026, cheered by margin-led growth. Despite revenue down 11% y-o-y, due to timing and progress of project mix, the company' s gross margin nearly doubled to 35.5% in the year. As such, patmi for the year ended June was up 72% to $22.3 million. LCC plans to pay a final dividend of 1 cent per share, representing a payout ratio of 58% for 2HFY2026, while the 2.5 cents interim dividend paid prior to the June 2026 placement and July 2026 bonus issue represented a payout ratio of 72% for 1HFY2026, bringing the overall FY2026 payout ratio to 65%. The company' s orderbook remains " healthy" at $141.7 million, equivalent to 1.4x FY2026 revenue, thereby providing good earnings visibility. Key contracts on hand include the $31.9 million Registries of Civil and Muslim Marriages redevelopment, a $31.5 million Orchard Road Presbyterian Church project and $21.7 million contract from the Covenant Evangelical Free Church. The orderbook was further strengthened by the $32.9 million Teck Ghee Station contract secured in July 2026, which extends revenue visibility through July 2029. Managing director Lim Thiam Hooi calls FY2026 a " defining year" for the company. Besides earnings growth, the transfer of the company' s listing to the SGX Mainboard, barely a year after its IPO, reflects the strength of its fundamentals. &ldquo With a healthy order book, a strong balance sheet and our expanded presence in Malaysia, we are well-positioned to pursue disciplined, sustainable growth and to continue creating long-term value for our shareholders," adds Lim. " The FY2026 results reinforce our positive outlook on LCC, with strong earnings growth despite a softer topline reflecting healthy project execution and margins," says Ng, who initiated coverage on this counter just on Aug 21. She notes that while FY2026&rsquo s gross margin of 35.5% may be difficult to sustain given fluctuations in project mix and revenue recognition, the orderbook on hand provides good earnings visibility into FY2027 and beyond. The industry outlook remains favourable, supported by BCA&rsquo s projected construction demand of $47 to 53 billion in 2026 and $39 to 46 billion seen per year over 2027 to 2030. " More importantly, URA&rsquo s continued push towards adaptive reuse and heritage conservation should play well to LCC&rsquo s established capabilities in conservation and restoration, opening up a growing pipeline of higher-value opportunities," says Ng. She believes that the potential tender pipeline remains " healthy" , with opportunities including interior decoration works for the Alexandra Hospital redevelopment, the potential refurbishment of the OCBC Centre cluster, and the heritage revamp of Queenstown Public Library. " We believe LCC is well positioned to ride Singapore&rsquo s multi-year construction upcycle, with further contract wins providing potential upside, complemented by an attractive yield proposition backed by its 65% FY2026 dividend payout ratio," says Ng, adding that margin sustainability remains the key factor to watch. Lum Chang Creations shares closed at 34 cents on Aug 25, down 1.47% for the day but up 34% year to date. |
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Joelton
Supreme |
24-Aug-2026 09:24
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DBS initiates coverage on Lum Chang Creations with ' buy' and target price of 51 cents DBS Group Research has initiated coverage on Lum Chang Creations with a " buy" call and target price of 51 cents, calling this newly listed entity an " asset light conservation artisan with superior margins." In their Aug 21 note, Ng Jia Hui and Derek Tan describe LCC as a specialist in interior fit-out, niche heritage conservation, and additions & alterations (A& A) across the commercial, hospitality and public sectors. LCC leverages its technical expertise and subcontractors instead of heavy equipment, reducing capital intensity and balance sheet risk. Also, its focus on specialised interior and conservation projects supports superior margins of 20-30%, above most peers. Ng and Tan expect LCC, spun off construction firm Lum Chang Holdings, to enjoy robust growth momentum, leveraging Singapore&rsquo s urban rejuvenation. " We see strong revenue visibility backed by a healthy pipeline of $144 million in secured projects, with the group tendering for more. " Recurring refurbishment cycles and asset enhancement initiatives provide further support, as property owners periodically upgrade existing assets to future proof their properties. " In addition, Singapore&rsquo s resilient construction sector, underpinned by sustained public infrastructure investment and steady private redevelopment activity, offers opportunities to further strengthen its order book visibility," they add. Their target price of 51 cents is based on 12x FY2027 earnings. " Given its superior margins and niche technical expertise, which are hard to replicate, we believe LCC deserves to trade at a premium to peers. " This is supported by its structurally higher margins vs most peers, and differentiated positioning across several segments of the refurbishment and upgrading value chain," the analysts add. Lum Chang Creations closed at 35 cents on Aug 21. It was listed last July at 25 cents. |
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Joelton
Supreme |
27-Jul-2026 09:37
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Lum Chang Creations shoots for the stars in meteoric rise to the big leagues [SINGAPORE] There is a distinct sluggishness that often plagues the local equities scene. Many companies languish on the junior board for years, seemingly content to play in the minor leagues indefinitely. Lum Chang Creations, meanwhile, is shooting for the stars. When the urban revitalisation specialist listed on the Catalist board in July 2025, few could have predicted the sheer speed of its upward trajectory. Exactly 360 days later, the company is trading on the Singapore Exchange (SGX) mainboard, holds a coveted spot in the MSCI Global Micro Cap Index, and has seen the value of its shares treble. From its initial public offering price of S$0.25, the counter closed at S$0.375 on Jul 23 &ndash with double the number of shares after the completion of a one-for-one bonus issue. With dividends reinvested, Lum Chang Creations has generated a total return of 224 per cent since its IPO. To cap it off, it issued a profit guidance confirming a &ldquo significant increase&rdquo in full-year net profit for the financial year ended Jun 30, 2026. This follows a more than doubling of its net profit for the first half-year to S$11 million. Despite this meteoric rise, the leadership team is refusing to let the success go to their heads. When asked if this exceptionally quick move to the mainboard had shifted their long-term plans, management offered a remarkably grounded response. &ldquo The direction of our strategy has not changed what has changed is our capacity and pace of execution,&rdquo said managing director Lim Thiam Hooi. Lim wisely avoided throwing out wild new forecasts to chase short-term hype. Instead, he clarified: &ldquo We have not announced a replacement set of three-to-five-year numerical targets. We remain focused on disciplined, sustainable growth rather than resetting targets simply because of a strong reporting period.&rdquo This level of corporate maturity is incredibly refreshing. It reassures investors that the team is focused on building long-term value. Keeping sight of what&rsquo s important The company&rsquo s recent financial performance provides plenty of reasons to celebrate. During the first half of the year, gross profit margins expanded to an impressive 33.5 per cent, up significantly from 21.1 per cent in the previous year. But Lim is careful to manage expectations over this success. He said: &ldquo The 33.5 per cent gross profit margin was an excellent result, supported by efficient cost management, better resource utilisation and economies of scale. &ldquo It should not, however, be interpreted as a guaranteed margin for every period: margins will vary with project mix, execution stage and market conditions.&rdquo As the company scales up to take on larger projects, management is pledging to maintain strict pricing discipline. Lim made the priorities crystal clear, saying: &ldquo We will not pursue scale for its own sake or trade profitability for headline order-book growth.&rdquo That headline order book is already highly impressive, standing at about S$144 million on the back of major institutional wins. These include the S$31.9 million redevelopment of the Registries of Civil and Muslim Marriages and the S$31.5 million project for Orchard Road Presbyterian Church. Scaling the asset-light engine Financially, Lum Chang Creations is in an enviable position. At the end of December 2025, cash and cash equivalents stood at a robust S$46.7 million. A recent share placement has also carved out S$6 million specifically to explore acquisitions, investments and strategic alliances. The company is actively looking at inorganic growth to deploy this capital. Crucially, it is doing so with immense discipline. &ldquo Any opportunity must strengthen our specialist capabilities, market access or earnings quality, while remaining consistent with our asset-light model and risk discipline,&rdquo Lim said. This &ldquo asset-light model&rdquo is the engine driving its margins. By relying on a curated network of trusted contractors, the company avoids the heavy burden of keeping vast fleets of machinery and tradesmen permanently on the payroll. Some critics wonder if this model can survive the leap to larger projects. But Lim is confident about the merits of the structure. &ldquo Asset-light does not mean capability-light. We retain control of the functions that determine outcomes: client accountability, project leadership, specialist know-how, quality, safety, cost control and programme management,&rdquo he said. &ldquo The boundary is clear: we will not outsource accountability.&rdquo Strategic expansion The groundwork for a broader footprint across South-east Asia is already in place. The Malaysian subsidiary, Lum Chang Interior, recently secured a Construction Industry Development Board certificate, enabling it to pursue unlimited tender sizes across the Causeway. Entering a neighbouring market is always tricky, yet Lum Chang Creations is showing great tactical awareness. For instance, it is avoiding the dangerous game of undercutting rivals just to win jobs. &rdquo We recognise that established Malaysian contractors have deep local knowledge,&rdquo Lim observed. &ldquo Our route to market is therefore partnership-led and capability-led, with disciplined bidding rather than an attempt to buy market share.&rdquo Back home, it is handling inflation with the same level of diplomacy. Rather than blindly forcing price hikes onto clients, it focuses on internal efficiency. &ldquo The priority is not to maximise pass-through at the expense of client relationships, but to protect project economics responsibly,&rdquo Lim noted. Earning the institutional premium The company was fully prepared for its mainboard debut. The recently completed one-for-one bonus issue doubled the issued share base to 660 million shares to encourage trading liquidity. Since moving to the main stage, the stock has had a highly active average of more than 5.5 million shares handled per day over the first few sessions. The company also knows exactly what is required to win over major long-only institutional funds. &ldquo We recognise that long-only investors look for more than index eligibility &ndash they require governance, earnings quality, liquidity, scale and a consistent track record. Those are qualities that must be earned over time,&rdquo Lim said. With the capital, the margins and the strategic clarity to thrive on the mainboard, investors have every reason to celebrate Lum Chang Creations&rsquo new chapter. |
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ysh2006
Supreme |
17-Jul-2026 11:26
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Why forumer don't want post in that page ? | ||
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Joelton
Supreme |
17-Jul-2026 09:37
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UOBKH lifts Lum Chang Creations target price on mainboard transfer, order wins [SINGAPORE] UOB Kay Hian (UOBKH) lifted its target price for Lum Chang Creations : LCC +1.3% on Tuesday (Jul 14) on the back of its mainboard transfer and stronger order wins. The brokerage maintained its &ldquo buy&rdquo call with a S$0.51 target price, with its previous target price at S$0.39. Lum Chang Creations transferred to the mainboard on Thursday after completing a placement of 35 million shares on Jun 30, raising gross proceeds of about S$11.4 million. &ldquo This mainboard transfer also underscores management&rsquo s confidence in the sustainability of the group&rsquo s core business and its readiness to progress to the next stage of growth,&rdquo said UOBKH&rsquo s analysts. The company&rsquo s May 19 announcement that its order book stood at about S$144 million as at Apr 30 was also cited as a reason by UOBKH for the target price upgrade. Lum Chang Creations was spun off from mainboard-listed parent Lum Chang after an internal restructuring in June 2025, and made its Catalist debut a month later. In February this year, it received in-principle approval from the Singapore Exchange for its mainboard transfer, with its managing director Lim Thiam Hooi noting the company&rsquo s desire to elevate its corporate profile, enhance its visibility among institutional investors and have a stronger platform for its next growth phase. UOBKH noted that Lum Chang Creations had completed its bonus issue of 330 million new shares on a one-for-one basis, with bonus shares credited to shareholders&rsquo accounts on Jul 13. As a result, the total issued share capital has increased to 660 million shares. &ldquo This bonus issue supports Lum Chang Creations by enlarging its share base and improving trading liquidity,&rdquo said UOBKH. This will help it be ready for the broader institutional shareholder base on the mainboard, added the brokerage. The company&rsquo s &ldquo strong order book momentum&rdquo is also expected to continue to provide earnings visibility, with the S$21.7 million Covenant Evangelical Free Church and S$3.2 million Baba House contracts set to &ldquo enhance revenue visibility and provide earnings support over the next two years&rdquo . Meanwhile, Lum Chang Creations&rsquo inclusion in the MSCI Global Micro Cap Indexes &ndash Singapore Index &ldquo underscores growing investor recognition of the group&rsquo s strategic direction, resilient business model and strengthening financial performance&rdquo , said UOBKH. |
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ysh2006
Supreme |
17-Jul-2026 05:26
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Think this forumer post the wrong page title, there is one in Sharejunction on Lum Chang Creation . | ||
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Joelton
Supreme |
16-Jul-2026 11:03
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Lum Chang Creations wins $32.9 mil contract for North-South Corridor works at Teck Ghee Station Lum Chang Creations (SGX:LCC) announced that its wholly owned subsidiary, Lum Chang Interior Pte Ltd, has secured a new $32.9 million contract for North-South Corridor works at Teck Ghee Station. According to Lum Chang Creations, the contract comprises the supply, fabrication, installation, construction and completion of the architectural and associated sub-contract works to Teck Ghee Station, together with the future underground structure. The company says that works has commenced on July 10 and are expected to be completed by July 7, 2029. As at April 30, Lum Chang Creations&rsquo order book stood at $144.0 million. &ldquo This contract win reflects the confidence that our customers continue to place in our ability to deliver complex, high-quality work to specification. It adds to our order book and reinforces our revenue visibility, while further diversifying our portfolio across the public and private sectors,&rdquo says Lim Thiam Hooi, managing director of Lum Chang Creations. Shares of Lum Chang Creations closed 1 cent higher, or 2.67% up at 38.5 cents on July 15. |
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Joelton
Supreme |
14-Jul-2026 11:31
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Lum Chang Creations to move to SGX mainboard on Jul 16 [SINGAPORE] Urban revitalisation specialist Lum Chang Creations : LCC -5.06% will transfer its listing from the Catalist board to the mainboard of the Singapore Exchange (SGX) on Thursday (Jul 16), the firm said on Monday. Lum Chang Creations was spun off from mainboard-listed Lum Chang : L19 0% &ndash a property management, interior design and construction company &ndash after an internal restructuring in June 2025. It made its Catalist debut the following month. It received in-principle approval from SGX for the mainboard transfer in February 2026, with its managing director Lim Thiam Hooi noting the company&rsquo s desire to elevate its corporate profile, enhance its visibility among institutional investors, and have a stronger platform for its next growth phase. On Jun 30, Lum Chang Creations completed a placement of 35 million shares at S$0.759 apiece, raising gross proceeds of about S$11.4 million. The move was to increase its public float ahead of transferring its listing to the mainboard. The placement price represented a discount of 9.92 per cent to the volume-weighted average price of S$0.8426 for trades done on Jun 17. The firm said about S$6 million of the S$10.8 million in net proceeds will go towards exploring acquisitions, investment opportunities, as well as strategic alliances or joint ventures. The rest will be for general corporate working capital purposes, supporting the group&rsquo s expansion into regional markets, and growing its portfolio of interior fit-out as well as additions and alterations projects in the high-end residential sector, it added. The placement comprised 15 million new shares issued by the company and 20 million existing shares sold by Lum Chang and Lim. It was &ldquo well-received&rdquo by investors including Amova Asset Management, Ginko-AGT Global Growth Fund and Lion Global Investors. In a third-quarter business update on May 19, Lum Chang Creations said the group&rsquo s order book stood at about S$144 million as at Apr 30, with new contract wins secured for Covenant Evangelical Free Church and Baba House at Neil Road. In the year to Q3 FY2026, group revenue totalled S$71.9 million, up from the S$53.5 million recorded in the first half of the financial year. The counter ended Monday at S$0.375, down S$0.02 or 5.1 per cent, before the announcement. |
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Joelton
Supreme |
29-Jun-2026 09:45
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Lum Chang Creations: Placement aligns directors with growth cycle Lum Chang Creations has entered into a placement agreement on Jun 18 for up to 35 million shares at S$0.759, with the company raising up to S$11.4 million alongside secondary sell-downs by existing shareholders. The exercise follows a period of strong operating momentum, with 9M FY2026 (ended Mar 31) revenue reaching S$71.9 million and order book standing at approximately S$144 million as at Apr 30, up from S$132 million on Dec 31. The placement is structured to broaden shareholder spread and support the proposed mainboard transition. It is part of a broader set of corporate actions, including vendor sell-downs and a bonus issue to expand public float and enhance liquidity, while funding acquisitions, partnerships and regional expansion, reinforcing a strategy centred on scaling operations and deepening investor access. Concurrent with the placement announcement on Jun 18, directors including Yap Lay Hoon, Lim Ho Heng, and Clarence Yeo disclosed participation in the exercise. Yeo was allocated 500,000 shares (S$379,500) Yap Lay Hoon, 68,900 shares (S$52,295) and Lim Ho Heng, 10,000 shares (S$7,590), all acquired from existing shareholders as part of the placement. The group also reported a 104 per cent increase in first-half FY2026 net profit, and has received in-principle approval for a Catalist-to-mainboard transfer, alongside its inclusion in the MSCI Global Micro Cap Indices &ndash Singapore Index on Feb 27. In May, Tickrs noted the shift towards margin-led earnings, with profitability increasingly underpinned by higher-value fit-out contributions |
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Joelton
Supreme |
20-Jun-2026 13:47
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Lum Chang Creations to raise up to S$26.6 million via proposed share placement [SINGAPORE] Lum Chang Creations : LCC -1.81% is planning to launch a placement of up to 35 million shares at S$0.759 each to raise gross proceeds of up to about S$26.6 million, the company announced on Thursday (Jun 18). The proposed exercise comprises up to 15 million new shares and up to 20 million existing vendor shares. The move is aimed at increasing the company&rsquo s public float as it prepares to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange (SGX). Under SGX mainboard rules, mainboard-listed issuers must ensure that at least 25 per cent of their total issued shares are held by the public (if market capitalisation is below S$300 million), alongside a minimum of 500 shareholders. The placement price of S$0.759 a share represents a discount of about 9.9 per cent to the volume-weighted average price of S$0.8426 for trades done on Jun 17, the last full market day prior to the execution of the placement agreement and a subsequent trading halt. The new shares will bring in around S$11.4 million in gross proceeds for the company. Meanwhile, the remaining 20 million vendor shares are being offered by Lum Chang Holdings and Lim Thiam Hooi, the managing director of Lum Chang Creations. They who are looking to raise up to S$9.3 million and S$5.8 million, respectively. DBS, CGS International Securities Singapore and RHB Bank have been appointed as the joint placement agents. The company expects net proceeds from the new shares to amount to S$10.8 million, after deducting about S$600,000 in estimated expenses. Of this amount, S$6 million (55.6 per cent) will be set aside to explore acquisitions, investment opportunities, strategic alliances and joint ventures. Some S$1.5 million each will go towards regional expansion and growing its portfolio in interior fit-out, additions and alterations projects in the high-end residential sector. The remaining S$1.8 million will be deployed for general corporate working capital. On a pro forma basis, assuming the 15 million new shares are fully placed out, Lum Chang Creations&rsquo net tangible assets per share for the financial year ended Jun 30, 2025, would increase to S$0.1088 from S$0.076. Conversely, earnings per share for the same period would be diluted to S$0.0438 from S$0.0461. Completion of the placement is expected to take place on Jun 29, subject to customary closing conditions. Shares of Lum Chang Creations ended flat at S$0.83 on Wednesday. A trading halt the company requested on Thursday will be lifted on Friday morning. |
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Joelton
Supreme |
09-Jun-2026 10:27
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Lum Chang Creations says still evaluating mainboard transfer due to &lsquo market volatility&rsquo Company adds it will also hold off on the listing and quotation of the bonus shares [SINGAPORE] Catalist-listed Lum Chang Creations (LCC) on Monday (Jun 8), said that it is &ldquo currently still monitoring and evaluating the market conditions&rdquo for its proposed placement as it prepares for a transfer to the mainboard. The placement was intended to help LCC meet the mainboard&rsquo s minimum shareholding spread and distribution requirements. Although shareholders gave the green light for the proposed transfer and a proposed one-for-one bonus issue at an extraordinary general meeting held on May 25, the execution of these corporate actions is sequential. The proposed placement must be completed before the transfer becomes effective. Furthermore, LCC had contemplated that the placement would be completed on or before the record date for the bonus issue. Due to the current uncertain timeline, LCC stated that it will hold off on applying to the Singapore Exchange for the listing and quotation of the bonus shares. The company will wait for &ldquo further clarity on the timing&rdquo of the placement before setting a record date to determine bonus share entitlements. Lum Chang Holdings (LCH), the parent company of LCC, had previously noted in an Apr 30 circular that the proposed placement could be undertaken by LCC itself, LCH, and/or a director and substantial shareholder of LCC. LCC reminded shareholders and potential investors that there is &ldquo no certainty or assurance&rdquo regarding the terms or timing of the placement, or whether the placement, transfer, and bonus issue will ultimately proceed to completion. Shares of LCC fell 2.3 per cent to close S$0.02 lower at S$0.84 on Friday, while those of LCH were flat at S$0.53. |
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Joelton
Supreme |
01-May-2026 11:41
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Lum Chang Creations seeks shareholders&rsquo nod on bonus issue, lifting of MD&rsquo s share sale moratorium To meet minimum shareholding rules, group proposing to let Lim Thiam Hooi place out up to 7.7 million shares [SINGAPORE] Lum Chang Creations (LCC) has scheduled an extraordinary general meeting (EGM) on May 25 to seek shareholder approval for a 1-for-1 bonus issue and its transfer from the Catalist board to the Singapore Exchange&rsquo s (SGX) mainboard. The EGM serves as the final hurdle for the urban revitalisation specialist, which already secured in-principle approval from SGX in February. To facilitate the move, LCC has to address minimum shareholding spread requirements. The group is proposing to amend its existing moratorium undertakings to permit managing director Lim Thiam Hooi to sell up to 7.7 million shares via a placement. This will increase the proportion of shares held by public shareholders. Additional resolutions to be voted on at the EGM include a proposed bonus issue of up to 330 million new shares on a 1-for-1 basis to reward shareholders, and plans to replace its existing share issue mandate with a new one to comply with a mainboard rule post-transfer. As part of its approval for LCC to upgrade to the main board, SGX granted the company a waiver, which typically requires a minimum two-year listing period, given LCC was just spun off from its mainboard-listed parent, Lum Chang Holdings (LCH), in July 2025. LCH currently retains a 71.1 per cent stake in the group. The proposed transfer follows a period of rapid growth for the company. LCC&rsquo s net profit surged 104 per cent to S$11 million for the first half of FY2026, driven by accelerated progress on its ongoing projects. The group also reported an order book of about S$132 million as at Dec 31, 2025, providing clear revenue visibility. Major contract wins bolstering the order book include the S$31.9 million redevelopment of the Registries of Civil and Muslim Marriages Building and the S$31.5 million Orchard Road Presbyterian Church project. Lim said that the mainboard listing will broaden the company&rsquo s access to investors and raise its profile among institutional players. |
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Cadence88
Veteran |
16-Feb-2026 09:07
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Why Lum Chang drops so much while LC Creat moves up so much ? | ||
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Joelton
Supreme |
14-Feb-2026 12:19
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Lum Chang Creations receives SGX' s nod to shift listing to Mainboard Lum Chang Creations received approval from SGX to upgrade its listing to the Mainboard, following a 104% increase in earnings for the six months ended December 31, 2025. The company aims to elevate its profile and enhance visibility among institutional investors with the upgrade. |
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spursfan
Supreme |
13-Feb-2026 13:33
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For Immediate Release Lum Chang Creations Receives In-Principle Approval for Proposed Transfer to Mainboard https://links.sgx.com/1.0.0/corporate-announcements/1TBLWZR5JZC1Q2JJ/875056_LCC%20-%20AIP%20Trf%20from%20Catalist%20to%20Mainboard%20Press%20Release.pdf |
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spursfan
Supreme |
13-Feb-2026 13:20
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trading halt pending ann. |
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Joelton
Supreme |
13-Feb-2026 09:23
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Lum Chang H1 earnings surge to S$7.3 million despite lower revenue Its board proposes an interim dividend of S$0.005 per share, and a special dividend of S$0.015 per share [SINGAPORE] Lum Chang on Thursday (Feb 12) announced a net profit of S$7.3 million for the first half ended Dec 31, 2025, up 108 per cent from S$3.5 million in the previous corresponding period. Earnings per share stood at S$0.0194 for the recorded period, an increase from S$0.0093 in H1 FY2025. Improvements in the bottom line came despite revenue slipping 8 per cent to S$220.6 million in H1 FY2026, from S$239 million in the year-ago period. The decline in revenue was due to lower contributions from its construction segment, which logged sales of S$154.4 million in H1, down 19 per cent from the previous year. Meanwhile, its restoration and interior fit-out segment observed revenue growth of 38 per cent to S$51.6 million in H1, from S$37.3 million previously. In the first-half period, the group secured S$63.4 million worth of new restoration and interior fit-out projects. This brought its outstanding value of construction and restoration and interior fit-out projects in progress to S$981 million as at Dec 31. The property segment reported a 53 per cent increase in revenue to S$14.1 million in H1, from S$9.2 million previously. Lum Chang&rsquo s board has proposed an interim dividend of S$0.005 per share, as well as a special dividend of S$0.015 per share, in view of the listing of its subsidiary Lum Chang Creations. Both dividends will be paid on Mar 16, after the record date on Mar 6. Looking ahead, the group expects operational challenges to persist, including elevated construction costs, tighter manpower availability, and margin pressures arising from competitive tendering. Still, Lum Chang said that it will continue to focus on disciplined cost management, timely project execution, and productivity improvements across ongoing works, while selectively pursuing new project opportunities. Shares of Lum Chang : L19 -1.39% closed Thursday 1.4 per cent or S$0.01 lower at S$0.71, before the release of its results. |
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Joelton
Supreme |
13-Feb-2026 09:22
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Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance Revenue for period climbs 31% to S$53.5 million [SINGAPORE] Newly listed Lum Chang Creations (LCC) : LCC +0.63%, the restoration and interior fit-out business of Lum Chang Holdings (LCH) : L19 -1.39%, recorded a net profit of S$11 million for the first half ended Dec 31, 2025, up 104 per cent from S$5.4 million in the year-ago period. The group attributed the strong performance to improved operational execution, despite higher overheads, it said in a bourse filing on Thursday (Feb 12). Administrative and general expenses rose to S$4.4 million in H1 FY2026, from S$2.1 million in the previous corresponding period, mainly due to higher staff-related costs and professional fees associated with its Catalist listing on the Singapore Exchange last July. Revenue for H1 FY2026 climbed 31 per cent to S$53.5 million, from S$40.8 million previously, driven by increased work progress recognised across ongoing projects. Lim Thiam Hooi, managing director at LCC, said that the performance &ldquo demonstrates the strength of (its) specialised business model and ability to deliver value even amid a challenging operating environment&rdquo . LCC was spun off from LCH following an internal restructuring in June 2025. Post-listing, LCH holds a 71.1 per cent stake in LCC, while Lim owns 13.3 per cent. The remaining 15.6 per cent is held by public shareholders. Last month, LCH issued a profit guidance indicating a significant improvement in net profit for the first half of FY2026, largely due to LCC&rsquo s stronger operating performance. LCC noted that it maintains a robust balance sheet. As at Dec 31, cash and cash equivalents stood at S$46.7 million, supported by operating cash flows and net proceeds from its initial public offering (IPO). While the sector continues to face headwinds such as rising construction costs and labour constraints, the urban revitalisation specialist said that it remains committed to its asset-light strategy. LCC&rsquo s order book as at Dec 31 stood at about S$132 million. This was underpinned by major contract wins secured in November last year, including the S$31.9 million redevelopment of the building that houses the Registry of Marriages and Registry of Muslim Marriages and the S$31.5 million project for the Orchard Road Presbyterian Church. The projects are expected to provide revenue visibility over the next two years. In line with its regional expansion strategy, LCC has deployed part of its IPO proceeds to invest RM750,000 (S$242,330) in its Malaysian subsidiary Lum Chang Interior. The capital injection will support the unit&rsquo s application for unlimited tender qualification with Malaysia&rsquo s Construction Industry Development Board, enabling the group to pursue larger interior fit-out and refurbishment projects there. Optimistic outlook LCC&rsquo s board has proposed an interim dividend of S$0.025 per ordinary share for H1 FY2026. This represents a 13.6 per cent increase over the FY2025 final dividend of S$0.022 per share, &ldquo reflecting the board&rsquo s confidence in the group&rsquo s financial trajectory and its commitment to delivering growing returns to shareholders&rdquo , noted the company. Its board had earlier indicated its intention to recommend dividends of at least 30 per cent of net profit attributable to shareholders for the financial year ending Jun 30, 2025, and the corresponding period next year. Looking ahead, LCC remains optimistic about opportunities in the built environment sector, particularly those arising from the Urban Redevelopment Authority (URA)&rsquo s master plan. The URA&rsquo s emphasis on adaptive reuse of heritage buildings is said to align with the group&rsquo s core expertise in conservation and restoration. &ldquo As more modernist icons and heritage sites are identified for conservation, the group expects a vibrant project pipeline and remains confident in its financial performance for FY2026,&rdquo added LCC. Separately, it announced that it has been added as a constituent of the MSCI Global Micro Cap Indexes &ndash Singapore Index, effective after market close on Feb 27 as part of the February 2026 index review. The inclusion is expected to enhance the group&rsquo s profile among international institutional investors and improve trading liquidity. Shares of LCC ended 0.6 per cent, or S$0.005, higher at S$0.80 on Thursday, while LCH shares closed down 1.4 per cent, or S$0.01, at S$0.71, prior to the results announcement. |
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katak88
Master |
12-Feb-2026 21:44
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Lum Chang H1 earnings surge to S$7.3 million despite lower revenueIts board proposes an interim dividend of S$0.005 per share, and a special dividend of S$0.015 per share Feb 12, 2026 - [SINGAPORE] Lum Chang on Thursday (Feb 12) announced a net profit of S$7.3 million for the first half ended Dec 31, 2025, up 108 per cent from S$3.5 million in the previous corresponding period. Earnings per share stood at S$0.0194 for the recorded period, an increase from S$0.0093 in H1 FY2025. Improvements in the bottom line came despite revenue slipping 8 per cent to S$220.6 million in H1 FY2026, from S$239 million in the year-ago period. ... |
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superstartup
Supreme |
16-Jan-2026 16:08
Yells: "Enjoy doing Fundamental Research" |
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Those chase other construction companies after Lum Chang guidance, not sure may get stuck later anot.
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