- We raise our earnings forecast for Centurion and lift our target P/E based on FY25F earnings to 9x from 7.5x in view of its longer-term growth potential.
- We like Centurion (SGX:OU8) for being well positioned to yield better rental rates in Singapore from the dormitory supply shortage situation. We turn more positive on Centurion on better purpose-built workers accommodation (PBWA) bed rates in Singapore, with longer term growth supported by overseas properties.
Enters China market with JV partner.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Both projects have 20-year master leases with the property owners.
Strengthening presence in China.
- Read more at SGinvestors.io.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2024-10-14
Previous report by RHB:
2024-08-16 Centurion - Bed Rates & Occupancies Driving Growth; Keep BUY.
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 Dividends & Corporate Actions,
Centurion News Articles
