-
We remain positive on Centurion (SGX:OU8). Its 1Q26 revenue was stronger than expected, due to higher bed capacity. We expect more beds to come onstream after its recent acquisition of worker accommodation assets in Australia, and raise FY26-28F earnings by 4-7%.
1Q26 revenue ahead of estimates.
- - Read this at SGinvestors.io -
-
Singapore drove the PBWA segment, with 29% y-o-y growth in turnover to S$63m. The segment was further supported by the 30% y-o-y revenue growth in its Malaysian unit, to S$6m. The growth in its Singapore operation was due to its Westlite Mandai asset, which added 5,460 beds and had an occupancy rate of 95%. Meanwhile, growth in its Malaysia operation stemmed from an increase in the number of beds and an occupancy rate of 73%.
- - Read this at SGinvestors.io -
Enters into key worker accommodation business assets in Australia.
- 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/.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2026-05-26
Read also RHB's most recent report:
2026-06-18 Centurion - Adds Another Perth PBSA Development; 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 Dividend Payout Dates & Corporate Actions,
Centurion News
