Lum Chang

Rebuilding the construction industry - THE EDGE SINGAPORE

Construction

Rebuilding the construction industry

The construction industry in Singapore so far has painted a mixed picture for construction stocks.

Contracts

Lum Chang sees total outstanding construction works revenue lifted to $1.8 bil with Mandai Rejuvenation Project tender

This contract brings the total outstanding value of construction works yet to be reported as revenue for the group to some $1.8 billion.

M&A

Lum Chang unit wins $137 mil contract to build PSA HQ

SINGAPORE (Jan 22): A Lum Chang unit has won a $136.9 million contract from PSA Corp.

Results

Lum Chang posts 37% fall in FY17 earnings to $18.7 mil; exercises option to purchase One Tree Hill Gardens

SINGAPORE (Aug 22): Lum Chang, the property developer and construction company, announced FY17 earnings dropped 37% to $18.7 million from $29.5 million in FY16.

Results

Lum Chang’s 1Q earnings fall 88% on higher cost of sales

SINGAPORE (Nov 10): Construction company Lum Chang saw 1Q earnings fall 88% to $995,000 from $8.5 million a year ago.

Stocks To Watch

OCBC, ARA, Lum Chang, Sheng Siong, CITIC, Tritech, Ntegrator

SINGAPORE (Oct 27): Here are some factors and stocks that could move the market this Thursday morning:

Lum Chang wins $325 mil LTA contract for Tanah Merah MRT station

SINGAPORE (Oct 26): Lum Chang’s subsidiary, Lum Chang Building Contractors, has secured a $325 million contract for addition and alteration works to Tanah Merah Station by the Land Transport Authority of Singapore.

Lum Chang in JV to acquire The Verge in Serangoon for $190 mil

SINGAPORE (Sept 23): Lum Chang Holdings is jointly acquiring property investment company Corwin Holding and its main commercial development asset The Verge for $189.75 million.

Stocks To Watch

SGX, OKH, Epicentre, PEC, Lum Chang, GL Limited

SINGAPORE (Aug 30): Here are some stocks that could move the market this Tuesday morning:

Results

Lum Chang posts 1% decline in earnings to $29.5 mil for FY16

SINGAPORE (Aug 29): Construction company Lum Chang posted a 1% decline in earnings to $29.5 million compared to a year ago, mainly attributed to a loss in the fair value on investment properties of $2.9 million and a one-time $11.5 million gain from dispo
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