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

• 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.

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

Read also UOB's most recent report:
2025-06-24 Centurion - From Dorms To Dollars ~ A Boring Business Delivers Compelling Returns.

Previous report by UOB:
2025-04-14 Centurion - A Safe Harbour Amid Trump’s Tragic Tariffs.

Price targets by 5 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