---
title: "After DBS released its preliminary assessment, Lin Zengchuang's stock price surged nearly 8% | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278544242.md"
description: "Lum Chang Creations' stock price surged 7.74% on March 10, closing at SGD 0.835, making it the best-performing newly listed stock in the past year. DBS Group Research released a preliminary assessment report with a target price of SGD 1.07, indicating moderate risk. The company's trading volume reached 965,500 shares, showing higher activity than its parent company Lum Chang Holdings. Analysts pointed out that the light asset business model and attractive profit margins are its competitive advantages, and a strong order backlog provides visibility for future profitability"
datetime: "2026-03-10T11:17:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278544242.md)
  - [en](https://longbridge.com/en/news/278544242.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278544242.md)
---

# After DBS released its preliminary assessment, Lin Zengchuang's stock price surged nearly 8% | Lianhe Zaobao

Lum Chang Creations, listed on the Catalist board, saw its stock price surge 7.74% on Tuesday (March 10), closing at SGD 0.835, making it the best performer among newly listed stocks in the past year.

DBS Group Research released a preliminary assessment report on the company on Tuesday, initially estimating a target price of SGD 1.07, with moderate risk.

On Tuesday, Lum Chang Creations traded 965,500 shares, totaling SGD 790,000, significantly more active than its parent company Lum Chang Holdings.

DBS analysts noted in the preliminary assessment report that the light-asset business model and attractive profit margins are key differentiators for Lum Chang Creations compared to its peers. Its strong order backlog supports its growth and provides visibility for earnings over the next two years.

#### Further Reading

Lum Chang Creations receives in-principle approval from SGX to transfer to the mainboard Lum Chang Creations' net profit increased by 104% to SGD 11 million in the first half

DBS's preliminary assessment does not imply that DBS has initiated a timed research analysis on this stock, and DBS has not committed to regularly updating its research on the company, thus no buy or sell recommendations or ratings have been provided.

Lum Chang Creations was listed on the Catalist board in July 2025. It engages in building protection and restoration, interior decoration, and addition and alteration (A&A) works, making it one of the few "triple-threat" companies among local construction stocks.

Based on the initial offering price of SGD 0.25 per share, its stock price has risen 234% since listing, making it the second-best performing new stock in the past year, only trailing behind Catalist company MetaOptics, which saw a 317.5% increase Less than a year after its listing, Lin Zeng Chuang Zhu has been approved by the Singapore Exchange to move from the Catalist board to the mainboard trading

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