Excerpt from CGS International report.

Report Summary
• Lum Chang Creations (LUCC) secured S\$63.4m in new contracts, raising its orderbook to S\$160m and covering 45% of FY26 order win assumptions. Revenue recognition is expected to be back-loaded, with lower 1H26 revenue not a major concern.
• The report reiterates an Add rating but lowers the target price to S\$0.72 due to reduced FY26-28 revenue and earnings forecasts; the company is well-positioned in Singapore’s urban revitalisation and conservation sector, with strong order visibility and high ROE, but faces risks from competition, workforce shortages, and policy changes.

above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com