Stock Analysis: Lin Zengchuang | Lianhe Zaobao
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Lum Chang Creations recommends a buy with a target price of SGD 1.13, closing price at SGD 0.815 (-1.81%). The company has strong orders for the first half of the fiscal year 2026, totaling SGD 132 million, with good revenue growth prospects over the next 18 to 24 months. The company is capable of accepting more orders, with new orders expected to yield higher profits. Long-term growth drivers include entering the Malaysian market, particularly the construction demand in Kuala Lumpur. The urban restoration market in Singapore is expected to grow at a compound annual growth rate of 6.76% from 2024 to 2027
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