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Listed on the Catalist board of the SGX-ST since July 2024, Lum Chang Creations Limited is a specialized urban revitalization and interior contracting company that principally engages in conservation and restoration, interior fit-out, and alteration and addition (A&A) services.

The Group’s core business encompasses high-quality and bespoke services across a broad range of sectors, including infrastructural, institutional, commercial, retail, F&B and hospitality sectors in Singapore. With niche conservation and restoration capabilities, the Company has established itself as a premier specialist in completing a wide range of public and private projects that require sophisticated craftsmanship and technical expertise.

Under its urban revitalization operations, the Group has demonstrated exceptional growth momentum, with an impressive two-year revenue and earnings compound annual growth rate of 106% and 206% respectively from FY2022 to FY2024. The burgeoning demand for heritage conservation and urban renewal projects in Singapore presents tremendous opportunities for the Group, whose specialized capabilities position it to capitalize on the increasing number of conservation initiatives and Singapore’s robust construction industry growth.

The Group’s comprehensive service offerings include interior contracting through Lum Chang Interior, decorative works through Lum Chang Decor, and specialized project management through Lum Chang Brandsbridge. With a robust order book of approximately $123 million as of May 2024, the Company maintains strong operational foundations to support sustained growth and expansion across Southeast Asia.

For more information, please refer to our corporate website: www.lumchangcreations.com.sg

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Recent Developments

Investment Merits

• Attractive Valuation. Asset-light business model that does not rely on heavy equipment and machinery, yet backed by strong fundamentals and specialized capabilities in niche conservation and restoration services.
• Strong financial position with cash and cash equivalents of $23.3 million and net cash position as of latest reporting.
• Exceptional growth trajectory as the Group generated an impressive two-year revenue and earnings compound annual growth rate (CAGR) of 106% and 206% respectively for FY2022 to FY2024, with revenue growing from $14 million to $59 million over the period.
• Market expansion opportunities with the URS industry set to grow at a 6.8% CAGR from S$380-450 million in 2024 to S$470-550 million by 2027, driven by increasing demand for heritage conservation and adaptive reuse projects in Singapore’s robust construction sector.

In The News

• The Edge Singapore: UOB Kay Hian initiates ‘buy’ on Lum Chang Creations with target price of 39 cents (56% upside)
• Minichart: Lum Chang Creations Stock Analysis 2025: Leading Singapore Conservation Specialist with 56% Upside Potential
• The Edge Singapore: Lum Chang Creations debuts on Catalist board of SGX at 30 cents, closes at 30.5 cents
• Yahoo Finance: Lum Chang Creations IPO total application 2 times subscribed
• Minichart: Lum Chang Creations IPO 2025: Singapore URS Industry Leader, Financials, Growth Prospects & Competitive Strengths Explained

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