Broker Name: CGS International
Date of Report: January 30, 2026
Excerpt from CGS International report.
Report Summary
- Lum Chang Creations (LUCC), a leading urban revitalisation specialist in Singapore, is expected to deliver strong net profit growth in FY26-27, driven by higher margins from conservation projects and expanding order books.
- Management is confident in ongoing conservation initiatives from the Urban Redevelopment Authority and private projects in Malaysia, with plans to scale its Malaysian team and further support profit and dividend growth.
- Target price raised to S\$0.90 (22% upside), with FY26-28 forecasts indicating robust revenue, profit, and dividend growth; dividend yield projected at over 6%.
- Reiterate Add rating on LUCC due to its high ROE, strong order pipeline, and potential upside from Malaysia expansion, though downside risks include project delays and rising costs.
- LUCC maintains a commitment to ESG and workplace safety, which may enhance its reputation and future project opportunities.
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/en
