- Centurion (SGX:OU8) remains a beneficiary of positive rental reversions across all key markets in the PBWA and PBSA segments. Pipeline of new dormitory beds across Singapore and Malaysia remains healthy with an upcoming addition of 2,570 beds in 2024.
- - Read this at SGinvestors.io -
Off to a good start.
- All countries performed well with higher occupancy rates in 1Q24.
- For workers accommodation in Singapore, occupancy increased from 98% to 99% and revenue rose 37% on the back of tenancies renewed at prevailing higher rental rates. Occupancy rates in Malaysia rose 2pp to 96% with a 5% revenue increase in local currency terms.
- - Read this at SGinvestors.io -
Little to worry post-2026.
- Read more at SGinvestors.io.
Chan En Jie Lim & Tan Securities Research | https://www.limtan.com.sg/ 2024-06-26
Read also LIM's most recent report:
2024-08-30 Centurion - Beds In High Demand.
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