Lincotrade’s Premium Placement and Record Order Book Signal Strong Momentum

Key Highlights for Investors

• Successful Share Placement Raises S\$2.2 Million at a Premium:
  Lincotrade & Associates Holdings Limited has completed a placement of 10,000,000 shares at S\$0.22 per share. This price is a 3.14% premium to the last traded volume weighted average price of S\$0.2133 when the placement was announced. The placement was fully subscribed, raising gross proceeds of S\$2.2 million for the company’s working capital needs.
• Institutional Investor Backing:
  The placement attracted prominent institutional funds including Lion Global Investors Limited (on behalf of its clients), ICH Synergrowth Fund, and Ginko-AGT Global Growth Fund. This institutional participation serves as a potential endorsement of Lincotrade’s business strategy and growth prospects.
• Record Order Book and Strong Revenue Visibility:
  The Group’s order book surged to a record S\$113.0 million as of 30 September 2025, up from S\$56.0 million a year earlier, driven by new contract wins totaling S\$61.0 million in November 2025. All new contracts are commercial projects in Singapore, with completion expected over the next two years, providing strong forward revenue visibility.
• Strategic Focus on Commercial Projects:
  Lincotrade has strategically focused on securing commercial projects such as offices, hotels, shopping malls, and F&B establishments. These projects are anticipated to contribute positively to the Group’s financial performance during the contract periods.

Why This Matters for Shareholders

• Price-Sensitive Developments:
  The successful placement at a price premium, especially with the participation of well-known institutional investors, is a strong vote of confidence and could support valuations in the near term.
• Revenue and Earnings Growth Potential:
  The record order book and significant new contract wins underpin expectations of robust financial performance ahead, which may positively influence the company’s share price.
• Enhanced Liquidity and Working Capital:
  The fresh capital raised will boost Lincotrade’s working capital position, facilitating the execution of its enlarged order book and potential new ventures.
• Diversification and Growth Initiatives:
  Beyond its core business, Lincotrade ventured into property development in Malaysia via Linc Venture Land Sdn. Bhd. during FY2025, expanding its growth avenues.
• Sustainability Initiatives:
  Lincotrade’s commitment to sustainability is evidenced by its environmental management system, use of eco-friendly materials, and receipt of the Singapore Green Label for its renewable wood products. This can be attractive for ESG-focused investors.

Company Background and Business Segments

Established in 1991, Lincotrade is a specialist in interior fitting-out services, with an in-house carpentry processing facility since 2006. The Group operates primarily in three segments:

• Commercial premises: offices, hotels, shopping malls, and F&B establishments
• Residential premises: condominium developments
• Showflats and sales galleries

Its services include space planning, interior construction, finishing works, MEP works (mechanical, electrical, plumbing), and additions and alterations (A&A) such as minor building upgrades and repairs.

Management Commentary

“We are pleased to announce the successful completion of our share placement at a price premium, garnering support from prominent institution investors. Though modest in scale, we believe it is an endorsement of our strategic vision and future prospects ahead. Energised by this milestone, we remain committed to strengthening our order book and driving sustainable value creation for our stakeholders.”

— Mr. Jackie Soh Loong Chow, CEO of Lincotrade

Potential Share Price Catalysts

• Support from institutional investors may lead to increased market confidence and trading liquidity.
• Record high order book suggests visibility of revenue and earnings growth, which are typically positive for valuation multiples.
• Ongoing sustainability initiatives and new project wins may enhance Lincotrade’s appeal to a broader investor base.

Investor Relations and Contact

For further information, investors can visit Lincotrade’s website or contact Mr. Alex Tan at +65 9451 5252 or [email protected].

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence or consult with a licensed financial advisor before making investment decisions. The information presented is based on public disclosures by Lincotrade & Associates Holdings Limited and may be subject to change without notice.

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