Thanks to better cost management, better resource utilisation, as well as economies of scale, LCC's gross profit margin expanded by 12.4ppt to 33.5% in 1HFY26.
Tang Kai Jie and John Cheong of UOB Kay Hian have raised their target price for Lum Chang Creations to 51 cents from 39 cents previously, noting that the company is not only set for stronger order wins, its impending move from Catalist to the Mainboard will also be positive.
For its 1HFY2026, LCC reported revenue of $53.5 million, up 31% y-o-y, largely driven by increased work progressed recognised. Earnings in the same half year more than doubled to $11 million, driven by the group’s strong operational performance.
