- 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 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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-08-20
Read also UOB's most recent report:
2026-05-12 Centurion - Plants Its Flag In The World's Most Resource-dense Zip Code.
Previous report by UOB:
2026-04-21 Centurion - Mining A New Vein Of Accommodation-based Profits.
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
