Centurion: Plants Its Flag In The World's Most Resource-dense Zip Code

Centurion - UOB Kay Hian 2026-05-12: Plants Its Flag In The World's Most Resource-dense Zip Code

Centurion: Plants Its Flag In The World's Most Resource-dense Zip Code

SGinvestors.io

Published: 2026-05-13 03:48 AM

Centurion (SGX:OU8) paid A$74m for 446 beds in Karratha and South Hedland which are operational and have zero development risk.

Uppingits exposure Down Under.

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A$29m for 125 beds for a six-storey PBWA in South Hedland.

Both towns in the Pilbara region’s main population centres have around 60,000 people and an additional estimated 25,000 to be in the region for work at any given time.

We view the acquisitions as strategic given that they are operational, income-generating assets at appraised value with zero development risk.

An ocean of opportunity.

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In a structurally captive accommodation market like Singapore, the Pilbara represents a compelling proposition due to its lack of PBWA infrastructure.

Riding on the coattails of the Pilbara.

Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

SGinvestors.io

Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-05-12

Previous report by UOB:
2026-04-21 Centurion - Mining A New Vein Of Accommodation-based Profits.

Price targets by 6 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