Broker Name: Lim & Tan Securities
Date of Report: 2 December 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- Singapore’s FSSTI index remains steady, with significant global indices showing mixed performance. Institutional investors net sold S\$456.3m while retail investors also turned net sellers.
- Lum Chang Creations (LCC) continues to secure major conservation and restoration contracts worth \$63.4mln, raising its order book to \$160mln. FY25 saw a 173% surge in net profit, with a 93% rise in revenue. LCC’s asset-light model, high ROE, and robust dividend yield support a maintained BUY rating with a higher target price of S\$0.70/share.
- Zixin’s results met expectations, aided by Hainan expansion and proprietary sweet potato powder initiatives. FY26 earnings forecast was upgraded, and the company is rated BUY with a 100% upside target price.
- Macro updates: China is curbing industrial overcapacity but lacks major stimulus; US manufacturing remains weak, with global commodity strategists underweight in industrial metals and energy but overweight in precious metals.
- Key share buybacks and insider trades are highlighted, along with detailed fund flow data by sector, dividend announcements, and upcoming corporate events.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
