Broker Name: CGS International
Date of Report: January 30, 2026
Excerpt from CGS International report.
Report Summary
- Lum Chang Creations (LUCC) is expected to deliver higher net profits in FY26-27, supported by a robust pipeline of conservation projects in Singapore and Malaysia, and increased profit margins as projects mature.
- The target price was raised to S\$0.90, implying a 22% upside, with a projected dividend yield of 6% for FY26. Further growth potential is anticipated from Malaysia expansion and non-core fit-out projects.
- LUCC maintains a strong balance sheet, high ROE, and has a track record of workplace safety and community outreach, though no ESG premium is currently factored into valuations.
- Key risks include possible project delays and cost overruns, while faster order wins or Malaysia ramp-up could be positive catalysts.
- Consensus ratings remain positive, with all analysts recommending a “Buy” or “Add” on the stock.
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/
