Dealing, Product Financing and Custody Services, Tickrs

Tickrs

Tickrs Financial Singapore Pte Ltd (TFS) obtained Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) in 2022. Product offering include stock trading services across 10 global markets, futures trading, fixed income and wealth management products offering.

Dealing, Product Financing and Custody Services

Equity Bottom-Up

<ul>
<li>Lum Chang Holdings has entered FY2026 with clearer earnings quality, stronger balance-sheet resilience and a more visible value-unlocking story than at initiation.</li>
<li>While group revenue softened 7.7% YoY in 1HFY2026 to S$220.6m, gross profit rose 53% to S$29.7m and PATMI more than doubled to S$7.3m, indicating that the group is now compounding on better project mix rather than relying purely on volume growth.</li>
<li>The post-listing expansion of Lum Chang Creations ("LCC") has lifted the share of higher-margin restoration and fit-out work within the consolidated group, even as the core construction business remains the dominant revenue engine.</li>
</ul>


Lum Chang Holdings has entered FY2026 with clearer earnings quality, stronger balance-sheet resilience and a more visible value-unlocking story than at initiation.
While group revenue softened 7.7% YoY in 1HFY2026 to S$220.6m, gross profit rose 53% to S$29.7m and PATMI more than doubled to S$7.3m, indicating that the group is now compounding on better project mix rather than relying purely on volume growth.
The post-listing expansion of Lum Chang Creations ("LCC") has lifted the share of higher-margin restoration and fit-out work within the consolidated group, even as the core construction business remains the dominant revenue engine.


Lum Chang Holdings Limited: Margin Rebuilt, Special Dividend Declared, Embedded Value Yet to Be Fully Recognised