Centurion - RHB Research 2025-03-05: Higher Bed Capacity In FY26F; Keep BUY

• We turn more positive in our FY25-26F outlook, due to Centurion's higher earnings base of FY24 and increased bed capacity in markets such as Australia, Hong Kong and China.
• We make no change to our FY25 earnings forecast, but lift FY26F net profit by 7%.
• - Read this at SGinvestors.io -

FY24 earnings ahead of estimates.

• Centurion (SGX:OU8) reported FY24 core earnings of S$111m (+51% y-o-y) on the back of a 22% y-o-y revenue growth to S$254m and margin uplift led by operating leverage. Earnings outperformed our estimates on lower-than-expected core tax rates. Otherwise, its core numbers would be in line with our expectations.
• - Read this at SGinvestors.io -

Gross profit margin widened

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-02-03 Centurion - Expect Higher Rate Assumptions; Maintain BUY.

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