Broker: Lim & Tan Securities
Date of Report: 8 June 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Lum Chang Creations Limited (Last price: \$0.84): The company’s proposed Mainboard transfer and 1-for-1 bonus issue are delayed due to market volatility. The proposed placement, necessary for the transfer, is on hold until market conditions improve. Despite recent share price weakness, forward and prospective PE is 10-11x with expected earnings growth of 15-20%. Dividend yield is attractive at 6%. Bloomberg 1-year consensus target price is \$1.00, implying 18% upside. Action: “Accumulate On Weakness”.
- Civmec Limited (Last price: S\$1.56): Civmec’s order book reached a record S\$1.5 billion from new contracts across resources, infrastructure, energy, and maintenance, to be delivered in FY27/28. Trades at 18x forward P/E, 1.6x P/B, with 3.5% dividend yield. Consensus target price is S\$1.61 (3.2% upside). Action: “Accumulate on Weakness”.
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