Lum Chang has been one of my key holdings, constituting about 9% of my portfolio. I first invested in the company back in Oct 2013 at a price of 0.34, attracted by its relatively large discount to its NAV of 0.48, around 29%. It also had quite good dividend yield of 5.8%. The company is definitely not as largely followed by the construction firms that get the limelight with their large contract wins - the ah beng ah sengs such as Lian Beng, Hock Lian Seng, Tiong Seng, Chip Eng Seng etc. The company is a low profile construction player with a long-established history (take a look at their website for the list of significant civil engineering contract undertaken in the past - City Hall MRT, Bishan MRT Depot, UOB Plaza 1), quietly chugging along, throwing out constant dividend. I bought with the understanding that is an undervalued company with nice ......