- We initiate coverage on Lum Chang Creations (SGX:LCC) with an ADD rating and a target price of S$0.81, representing 47% upside potential from the 26 Aug 2025 Lum Chang Creations's share price of S$0.55.
- - Read this at SGinvestors.io -
- capabilities to provide full-service interior fit-out solutions,
- order book expansion in FY25-27F,
- conserved projects in the pipeline, and
- regional expansion as the next step.
Valuation:
- We value Lum Chang Creations using a P/E valuation methodology given our forecasts for ~65% CAGR in PATMI for FY25-27F and net profit margin of 12-13% for FY25-27F.
- - Read this at SGinvestors.io -
Peer comparison:
- Read more at SGinvestors.io.