Top Stories
Company Update | Lum Chang Creations (LUCC SP/BUY/S$0.375/Target: S$0.510)
LCC's Mainboard transfer is on track, with all Approval In-Principle conditions satisfied, backed by a completed placement and bonus issue that strengthen its capital base and public float. These moves enhance trading liquidity, positioning LCC for a broader institutional shareholder base. We maintain BUY with a higher target price of S$0.510, supported by a successful Mainboard transfer and stronger order wins.
Market Spotlight
- • US stocks were lower on Monday, with all indexes falling as information technology, communication services and industrials sectors fell. There were more decliners than advancers on the NYSE.
- The FSSTI rose 1.05 points to 5,470.34, supported by strength in Singtel and DBS, with both mid- and small-cap indices falling with a broad market advance on S$1.63b turnover.
Technical Analysis
Keppel DC REIT | KDCREIT SP
Trading buy range: S$2.24-2.25
Seatrium | STM SP
Trading sell range: S$1.97-1.98
Top Stories
Company Update | Lum Chang Creations (LUCC SP/BUY/S$0.375/Target: S$0.510)
LCC's Mainboard transfer is on track, with all Approval In-Principle conditions satisfied, backed by a completed placement and bonus issue that strengthen its capital base and public float. These moves enhance trading liquidity, positioning LCC for a broader institutional shareholder base. We maintain BUY with a higher target price of S$0.510, supported by a successful Mainboard transfer and stronger order wins.
Market Spotlight
- • US stocks were lower on Monday, with all indexes falling as information technology, communication services and industrials sectors fell. There were more decliners than advancers on the NYSE.
- The FSSTI rose 1.05 points to 5,470.34, supported by strength in Singtel and DBS, with both mid- and small-cap indices falling with a broad market advance on S$1.63b turnover.
Technical Analysis
Keppel DC REIT | KDCREIT SP
Trading buy range: S$2.24-2.25
Seatrium | STM SP
Trading sell range: S$1.97-1.98
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at the following link: https://research-api.uobkayhian.com/assets/disclaimer/df64a6ea-7980-447c-ae9e-fd19b93257dc, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
