Centurion - UOB Kay Hian 2024-08-20: Growth Outlook Undimmed For The Next Two Years

• 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 -
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• 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/.

Read also UOB's most recent report:
2025-03-06 Centurion - Higher-than-expected 2024 Earnings Supported By Fair Value Gains.

Previous report by UOB:
2024-11-27 Centurion - A Stock To Accommodate Growth-minded Investors.

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 Dividend Payout Dates & Corporate Actions,
Centurion News