- Centurion (SGX:OU8)'s 2H25 revenue exceeded our expectations, at 105% of our FY25 forecasts, driven by revenue contribution from the remaining 55% stake in the 6,290-bed Westlite Mandai consolidated in 2H25.
- - Read this at SGinvestors.io -
- In 4Q25, Centurion recognised S$6.5mil revenue and S$3.2mil PATMI (49% profit margin) from property management fees of CAREIT. CAREIT has several portfolio pipelines upcoming in FY26e, and we estimate CAREIT’s FY26e revenue to increase by 25% y-o-y. FY26e PATMI recognised in property management fees by Centurion is estimated to increase by 25% y-o-y (full year basis) to ~SS$16mil (15% of FY25 adj. PATMI).
- - Read this at SGinvestors.io -
The Positives
2H25 Singapore PBWA revenue increases 24% y-o-y to S$113mil.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Yik Ban Chong Phillip Securities Research | https://www.poems.com.sg/ 2026-03-12
Read also Phillip's most recent report:
2026-05-18 Centurion Corporation - Entry Into Key Worker Accommodation.
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
