Lum Chang Creations Set to Benefit From Singapore URS Industry Growth -- Market Talk

Dow Jones

Mar 13

0152 GMT - Lum Chang Creations stands to benefit from growth of the Singapore urban revitalization specialist industry, RHB Research's Alfie Yeo says in a research report. According to research firm Converging Knowledge, the industry is estimated to post 6.76% CAGR growth over 2024-2027. Earnings growth of Lum Chang Creation should be driven by its strong order book of roughly S$132 million as of 1H FY 2026, with clear visibility for revenue growth over the next 18-24 months, as well as expansion into Malaysia in the medium term. RHB Research initiates coverage of the stock with a buy rating and a target price of S$1.13. Shares are 1.8% lower at S$0.81. (ronnie.harui@wsj.com)

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March 12, 2026 21:52 ET (01:52 GMT)

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According to research firm Converging Knowledge, the industry is estimated to post 6.76% CAGR growth over 2024-2027. Earnings growth of Lum Chang Creation should be driven by its strong order book of roughly S$132 million as of 1H FY 2026, with clear visibility for revenue growth over the next 18-24 months, as well as expansion into Malaysia in the medium term. RHB Research initiates coverage of the stock with a buy rating and a target price of S$1.13. Shares are 1.8% lower at S$0.81. 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