Centurion - Phillip Securities 2024-11-14: Promising Growth Ahead

Centurion - Promising Growth Ahead

Published:
Centurion (SGX:OU8) | SGinvestors.io
  • Centurion's 9M24 results exceeded expectations. Revenue was 78% of our FY24e forecasts. 9M24 revenue from Purpose-Built Workers Accommodation (PBWA) in Singapore was 79% of our FY24e forecasts due to strong occupancy and rental rate revisions. Occupancy is currently 99%.
  • - Read this at SGinvestors.io -
  • We raised our FY24e revenue and PATMI forecast for Centurion by 3% and 9%, respectively. Maintain ACCUMULATE with a higher Centurion's target price of S$1.02..

The Positives

Portfolio growth pipeline.

  • - Read this at SGinvestors.io -
  • 400 units have been secured under master lease agreements in Xiamen, China, under the new Build-to-Rent (BTR) segment and are expected to be operational from December 2024.

Higher interest cover ratio.

  • Read more at SGinvestors.io.




Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.




Yik Ban Chong Phillip Securities Research | http://www.poems.com.sg/ 2024-11-14



Read also Phillip's most recent report:
2024-12-02 Centurion - New Dormitory As Growth Driver.

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





Advertisement

You May Also Like




SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁

Advertisement