Centurion - UOB Kay Hian 2024-05-22: 1Q24 Firing On All Cylinders

Centurion - 1Q24 Firing On All Cylinders

Published:
Centurion (SGX:OU8) | SGinvestors.ioCenturion (SGX:OU8)
  • With greater confidence in its near-to medium-term outlook, backed by continued high levels of construction spending in Singapore, we have raised 2024-26 earnings forecast for Centurion by 9- 12%. Maintain BUY with a higher Centurion target price of S$0.77.
  • - Read this at SGinvestors.io -

1Q24 a strong start to the year due to PBWA assets.

  • Centurion Corporation (SGX:OU8)’s positive 1Q24 business update saw its key purpose built workers’ accomodation (PBWA, 76% of revenue) segment witnessing a 31% y-o-y revenue increase due to its Singapore assets which saw slightly higher occupancy rates (1Q24: 99%).
  • - Read this at SGinvestors.io -

Student accommodation – Full steam ahead.

  • Read more at SGinvestors.io.




Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.




Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-05-22



Read also UOB's most recent report:
2024-08-20 Centurion - Growth Outlook Undimmed For The Next Two Years.

Price targets by 4 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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