- 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.
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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.
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