Centurion Set to Benefit From Singapore's Booming Construction Industry -- Market Talk

Dow Jones06-26

0205 GMT - Centurion Corp. stands to benefit from Singapore's booming construction industry through its purpose-built workers' accommodation assets, UOB Kay Hian's Adrian Loh says in a report. Construction activity from public and private sectors is poised to stay elevated over the next two-three years with key multiyear projects having started recently, the analyst says. The provider of accommodation assets should also benefit from the central bank's S$5 billion program partly aimed at strengthening local asset managers, thanks to its reputation as a highly competent accommodation manager. The brokerage raises its 2025-2027 earnings estimates for Centurion by 2%-5%. It raises the stock's target price to S$1.70 from S$1.48 with an unchanged buy rating. Shares are 1.3% higher at S$1.62. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 25, 2025 22:05 ET (02:05 GMT)

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Construction activity from public and private sectors is poised to stay elevated over the next two-three years with key multiyear projects having started recently, the analyst says. The provider of accommodation assets should also benefit from the central bank's S$5 billion program partly aimed at strengthening local asset managers, thanks to its reputation as a highly competent accommodation manager. The brokerage raises its 2025-2027 earnings estimates for Centurion by 2%-5%. It raises the stock's target price to S$1.70 from S$1.48 with an unchanged buy rating. Shares are 1.3% higher at S$1.62. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 22:05 ET (02:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6139","symbol_name":"房地产运营公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546627650","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546627650","pubTimestamp":1750903500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0205 GMT - Centurion Corp. stands to benefit from Singapore's booming construction industry through its purpose-built workers' accommodation assets, UOB Kay Hian's Adrian Loh says in a report. 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