Centurion Corp.'s Earnings Growth Likely to Remain Positive -- Market Talk

Dow Jones04-19

0758 GMT - Centurion Corp.'s earnings growth is likely to be supported by higher bed capacity, occupancy and rental rates, RHB Research analyst Alfie Yeo says in a note, as he keeps a positive stance on the company. The total number of revenue-contributing beds is expected to grow 6.5% in FY 2024, says Yeo. This will come from two of its assets in Malaysia and one of its assets in Singapore, he says. RHB likes the international worker and student accommodation provider for being well-positioned to yield better rental rates in Singapore and better occupancy in Malaysia, he adds. RHB keeps a buy rating on the stock with a target price of S$0.64. Shares were last at S$0.46.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 19, 2024 03:58 ET (07:58 GMT)

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