- We remain positive on Centurion Corp (SGX:OU8) after the Government announced on Wednesday its plans to upgrade the current living conditions at dormitories by 2030. We believe the overall impact on Centurion is neutral due to the longer-term nature of this development.
- - Read this at SGinvestors.io -
Market to transit into interim standards under Dormitory Transition Scheme (DTS).
- The Ministry of Manpower announced plans on Wednesday under the DTS to transition ~1,000 existing purpose-built and factory-converted dormitories (approved or operational before 18 Sep 2021) to the improved interim standards by 2030.
- - Read this at SGinvestors.io -
Expect bed reduction on existing facilities for Centurion beyond our forecast period.
- Read more at SGinvestors.io.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2023-10-13
Read also RHB's most recent report:
2025-02-03 Centurion - Expect Higher Rate Assumptions; Maintain BUY.
Previous report by RHB:
2024-10-14 Centurion - More Positive On Bed Rates In Singapore; Still BUY.
Price targets by 2 other brokers at Centurion Target Prices.
Listing of research reports at Centurion Analyst Reports.
Relevant links:
Centurion Share Price History,
Centurion Announcements,
Centurion Dividend Payout Dates & Corporate Actions,
Centurion News
