Attika Group
Listed on the SGX since November 2024, Attika Group is a full-service commercial interior decoration company with the highest grading, L6, which allows it to tender contracts valued at more than $40 million. According to its latest annual report, Tan Buan Joo, managing director and executive chairman of Attika, is the single largest shareholder, holding an 84.56% stake. In its most recent 1HFY2025, Attika’s revenue declined more than 50% y-o-y to $19.3 million due to lower revenue recognition from the undertaken projects.
Despite the steep topline decline, Attika’s earnings were down by just 12.9% y-o-y to $1.7 million due to higher gross profit, as well as lower administrative expenses and tax expenses.
Looking ahead, the company is tendering for more projects and aims to strengthen its business model in the long run.
In its latest development, Attika is expanding its business operations into property investment by acquiring a freehold property at 186 Tagore Lane for $6.6 million. This acquisition is in line with the recent diversification of its business into property. The acquisition will be funded through the combination of internal resources and bank borrowings.
Dezign Format Group
Dezign Format Group, one of the newly listed companies, helps fit out and provide décor services for clients taking part in the Mice industry. Following its recent initial public offering (IPO) on Aug 15, Dezign Format’s largest shareholders include its founder, Chong Nen Sing, who holds a 33.7% stake; and Mike Chong Yuen Hwa, executive chairman and CEO, with a 32.0% stake in the group.
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For FY2024 ended Dec 31, 2024, Dezign Format reported earnings of $5 million, up from $3.3 million in FY2023 and $1.6 million in FY2022. Revenue also rose steadily in the three years from FY2022’s $18.3 million to FY2023’s $26 million and FY2024’s $33.4 million.
As at Aug 31, Dezign Format reported an order book of $26.6 million in its most recent business update. While a significant portion of these contracts is short-term in nature, typically around three to six months, the figure also includes several longer-term engagements, reflecting a healthy mix of recurring and new business.
To support its market expansion, Dezign Format is scaling up its production footprint with a new facility in Johor, Malaysia. On track for completion in the fourth quarter, the facility will serve as a strategic hub to support its expanding operations across Southeast Asia, enhance future production capabilities and reduce production costs.
Kingsmen Creatives
Listed on SGX in September 2003, Kingsmen Creative serves a wide range of clients across various market segments: exhibitions, thematic and attractions; retail and corporate interiors; and experiential marketing. Kingsmen’s largest shareholders are its two founders: chairman Benedict Soh, who owns 24.4%, and deputy chairman Simon Ong, who owns 24.46%.
In 1HFY2025 ended June 30, Kingsmen reported earnings of $1.6 million compared to $1.3 million in 1HFY2024. Meanwhile, revenue declined 6.5% y-o-y to $162.1 million. The lower revenue was attributed to lower contributions from the exhibitions, thematic & attractions division and experiential marketing division.
As at end-July, Kingsmen secured contracts totalling $345 million, of which $278 million is expected to be recognised this year. One of its recent high-profile projects is the design and construction of the Singapore Pavilion at the World Expo in Osaka. Meanwhile, regular contracts include those for the annual Formula 1 races.
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CEO Anthony Chong believes the company’s exhibitions and events business will continue to benefit from brands seeking meaningful face-to-face engagement with their audiences. “The thematic and attractions space is also showing strong momentum, with growing demand for immersive and unique activities. We will continue to enhance our creative and design capabilities, while embracing the latest technologies to deliver transformative solutions for our clients.”
Lincotrade & Associates Holdings
Lincotrade & Associates Holdings was listed in August 2022. Lincotrade has over 30 years of experience in the interior fitting-out industry and services, primarily for commercial premises, including offices, hotels, shopping malls and F&B establishments; residential premises such as condominium developments; and showflats and sales galleries.
According to the latest annual report, managing director Tan Jit Meng and business development director Jackie Soh Loong Chow each own 26.4% stake in the company. Other notable shareholders include operations director Tan Chee Khoon, who owns 13.7%.
For FY2025 ended June 30, Lincotrade’s revenue grew 8.5% y-o-y to $73.6 million, mainly driven by its commercial business segment. Meanwhile, earnings improved 11.5% y-o-y to $2.6 million, backed by improved revenue and gross profit margin.
Lincotrade’s managing director Tan notes that while costs have increased, the company was still able to deliver a profitable year. “This resilience reflects the strength of our underlying business model, our disciplined operational execution, and the dedication of our team in ensuring timely and quality project delivery.
“Our strategic initiatives are gaining momentum, and looking ahead, we remain committed to executing our growth strategy with discipline and agility to create lasting shareholder value,” adds Tan.
Lum Chang Creations
Listed on July 21, Lum Chang Creations focuses on delivering high-end interior fit-out solutions, conservation and restoration, and addition and alteration services. The company serves a diverse range of sectors, including commercial, retail, F&B, hospitality, government agencies, institutions, banking, and more in Singapore and overseas. It calls itself an “urban revitalisation” specialist, with notable projects delivered for the National Museum, St James Power Station, Clarke Quay and most recently, Temasek Shophouse.
Lum Chang Creations’ largest shareholders include established construction firm Lum Chang Holdings, which owns a 71.11% stake, and Lim Thiam Hooi, managing director of Lum Chang Creations, who owns a 13.33% stake.
In its latest financial results, Lum Chang Creations registered a 93% y-o-y increase in revenue to $113.6 million. The higher topline was driven by additional revenue from ongoing projects and the commencement of new projects during the financial period.
With revenue growth outpacing higher admin and general expenses, the company’s net margins improved to 11.4% from 8.0% a year earlier, leading to earnings of $12.9 million, a 173% y-o-y increase. As at May 31, its order book stood at $123 million.
“As we continue to execute our projects and expand our order book, our priority remains on delivering sustainable growth and creating long-term value for our shareholders. The successful IPO has further strengthened our financial position, enabling us to seize new opportunities with confidence,” says Lim, the managing director.
