---
title: "Stock Analysis: Lin Zengchuang | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279761830.md"
description: "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"
datetime: "2026-03-19T09:52:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279761830.md)
  - [en](https://longbridge.com/en/news/279761830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279761830.md)
---

# Stock Analysis: Lin Zengchuang | Lianhe Zaobao

### Lum Chang Creations

-   Recommendation: Buy
-   Target Price: SGD 1.13
-   Closing Price: SGD 0.815 (-1.81%)

Lum Chang Creations reported strong orders for the first half of the fiscal year 2026, totaling SGD 132 million, indicating a positive outlook for the company's revenue growth over the next 18 to 24 months. We believe the company has the capacity to take on more orders and predict that the profits from new orders will be higher, as the company can now select the projects it wants to accept.

Long-term growth drivers include expansion into Malaysia. The company forecasts a certain level of retention and restoration construction demand in Malaysia, particularly in Kuala Lumpur. The plans for expansion into Malaysia are progressing well, and we anticipate that the company will start recording related revenue from this year.

Additionally, the urban restoration sector in Singapore is expected to grow at a compound annual growth rate of 6.76% between 2024 and 2027, reaching SGD 470 million to SGD 550 million by 2027. Lum Chang Creations believes it will benefit from this trend. (OCBC Research)

#### Further Reading

Stock Commentary: Sembcorp Industries Stock Commentary: Hock Lian Seng Holdings

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