Centurion Corp - RHB Invest 2023-06-05: Higher Capacities, AEI Driving Growth; Keep BUY

Centurion Corp - Higher Capacities, AEI Driving Growth; Keep BUY

Centurion Corp (SGX:OU8) | SGinvestors.ioCenturion Corp (SGX:OU8)
  • We remain upbeat on Centurion Corp (SGX:OU8), as 1Q23’s revenue growth validates improving demand for its assets globally. Occupancy continues to improve in all Centurion’s key markets and it remains on track to meet our forecasts. We expect growth to be driven by both increased bed capacities and better rental rates.
  • - Read this at SGinvestors.io -

Centurion's 1Q23 revenue in line.

  • See Centurion Corp's announcement dated 10 May 2023. Centurion's 1Q23 revenue grew 5% y-o-y to S$47m, led by:
    1. - Read this at SGinvestors.io -
    2. Positive rental revisions in Singapore, Malaysia, the UK and Australia. Singapore and UK occupancies remained strong at 98% and 90%.

Higher capacities and asset enhancement initiatives (AEIs) to drive growth.

  • Read more at SGinvestors.io.

Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2023-06-05

Read also RHB's most recent report:
2024-05-20 Centurion - More Positive On Better Occupancy Rates; Still BUY.

Previous report by RHB:
2024-04-18 Centurion - Entering HK Student Accommodation Market; BUY.

Price targets by 3 other brokers at Centurion Target Prices.

Listing of research reports at Centurion Analyst Reports.

Relevant links:
Centurion Share Price History,
Centurion Announcements,
Centurion Dividends & Corporate Actions,
Centurion News Articles


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