Lum Chang Holdings

Results

Lum Chang posts 34% drop in 3Q earnings to $2.8 mil on absence of one-off disposal gains

SINGAPORE (May 11): Lum Chang Holdings saw its earnings drop 34% to $2.8 million for the 3Q ended March, from $4.2 million a year ago.

Results

Lum Chang reports 32% rise in 2Q earnings to $7.2 mil from JV profits

SINGAPORE (Feb 9): Lum Chang Holdings announce that its 2Q18 earnings has increased by 32% to $7.2 million compared to $5.5 million in 2Q17.

Property

CapitaLand acquires first office building in Germany for $392 mil in JV with Lum Chang

SINGAPORE (Dec 28): CapitaLand is expanding its commercial business beyond Asia by acquiring its first office building in Germany.

Results

Lum Chang’s 1Q earnings more than double to $2.7 mil

SINGAPORE (Nov 10): Lum Chang reported 1Q earnings more than doubled to $2.7 million from $0.9 million a year ago on lower cost of sales, higher other income and lower other losses.

Lum Chang wins construction contract worth $85.7 mil

SINGAPORE (Oct 24): Lum Chang Holdings announced that its wholly-owned subsidiary, Lum Chang Building Contractors has won a contract for building works at The Verge, an integrated development located at 2 Serangoon Road worth $85.7 million.

Results

Lum Chang 3Q earnings fall 40% to $4.2 mil

SINGAPORE (May 12): Lum Chang Holdings posted a 40% drop in earnings to $4.2 million in the third quarter ended March, from $6.9 million a year ago.

Property

Lum Chang to acquire One Tree Hill Gardens for $65 mil

SINGAPORE (May 5): Lum Chang Holdings has, through its subsidiary Lum Chang Auriga, exercised an option to purchase to buy 13 strata units and common areas in the freehold residential property, One Tree Hill Gardens, for a consideration of $65 million.

Results

Lum Chang posts 55% fall in 2Q earnings to $5.5 mil

SINGAPORE (Feb 14): Lum Chang Holdings, the property and construction group, reported a 55% drop in earnings to $5.5 million for the 2Q ended Dec, from $12 million the year before.

Broker's Calls

Chew on this defensive stock as competition intensifies in grocery sector

SINGAPORE (Oct 6): OCBC Investment Research continue to rate supermarket operator Sheng Siong Group at “buy” with a higher fair value estimate of $1.15 from $1.07 previously based on potential returns including dividends.

Market Close

STI closes 0.4% higher at 2,856.95

SINGAPORE (Sept 22): Singapore stocks ended Friday and the week higher at 2,856.95, as a global stock rally associated with central bank policy decisions petered out and large-caps ended mixed, with many unchanged.
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