Lum Chang Creations Has Scope for Potential Order Wins -- Market Talk

Dow Jones
01/07

0600 GMT - Lum Chang Creations could continue benefiting from Singapore's conservation efforts, CGS International analysts say in a research report. The company, which is involved in conservation, restoration, and interior fit-out works, announced contract wins totaling S$63.4 million in November, the analysts note.There seems to be potential new order wins in 2H of its current fiscal year ending in June, the analysts say. The brokerage maintains its fiscal year 2026 order-win assumption of S$140 million for the company, but cuts its FY 2026 revenue forecast from S$152.6 million to S$134.3 million to reflect a slower pace of order book recognition. It lowers the stock's target price to S$0.72 from S$0.81 and keeps an add rating. Shares are unchanged at S$0.50. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 07, 2026 01:00 ET (06:00 GMT)

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