- Centurion delivered better-than-expected 1H24 core net profit of S$53m (+48% y-o-y), driven by strong occupancies and positive rental revisions across both its PBWA and PBSA segments.
- We forecast strong volume growth for both segments over the next two years which, together with strong pricing trends, underpins our BUY rating for Centurion.
Centurion's 1H24 results handily beat expectations.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- An interim dividend of S$0.015 per share was declared (1H23: S$0.01/share). See Centurion's dividend dates.
Solid growth outlook from a healthy pipeline with bullish guidance.
- 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/ 2024-08-20
Previous report by UOB:
2024-05-21 Centurion - 1Q24 Firing On All Cylinders.
Price targets by 3 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
