Centurion Corp.'s Outlook Remains Upbeat on Growing Number of Beds

0152 GMT - Centurion Corp.'s outlook remains upbeat, says RHB Research's Alfie Yeo in a note, citing more development assets on the way. He expects around 5,000 more purpose-built worker accommodation beds to be added from 2028, as the Singapore accommodation operator won another site to build a new asset. The outlook for bed capacity remains rosy, as there are at least two more Singapore sites available for tender that could yield 10,000-15,000 beds each, the analysts said. Meanwhile, he expects near-term earnings growth to be boosted by contribution from Singapore and Australia assets, partially weighed by higher interest rate expenses. RHB retains its buy rating and 2.01 Singapore dollar target price. Shares rise 0.6% to S$1.60.