0431 GMT - Lum Chang Creations' growth momentum is likely robust, DBS Group Research analysts say in a research report. The urban revitalization specialist's strong revenue visibility is backed by a healthy pipeline of 144 million Singapore dollars in secured projects, with the company tendering for more, the analysts say. Recurring refurbishment cycles and asset-enhancement initiatives provide further support, as property owners periodically upgrade existing assets to future-proof their properties. Also, Singapore's resilient construction sector offers opportunities to further strengthen its order book visibility. DBS initiates coverage of the stock with a buy rating and a target price of S$0.51. Shares are unchanged at S$0.34.
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