Lum Chang Creations (LCC) is a spin-off from its parent company Lum Chang Holdings. It comprises Lum Chang Interior, Lum Chang Decor and Lum Chang Brandsbridge.
Lim & Tan Securities has initiated coverage on Lum Chang Creations, recommending investors “subscribe” to its initial public offering (IPO), which will launch on the Singapore Exchange’s (SGX) Catalist board on July 21.
Lim & Tan’s target price is set at 38 cents, a 52% upside to its debut share price of 25 cents.
