0332 GMT - Centurion Corp. stands to benefit from Singapore's favorable demand-supply dynamics, Maybank Research analysts say in a report. Around 9,000 dormitory beds will likely be removed from the market in 2Q, as a competitor's lease to operate one of the dormitories won't be renewed, the analysts note. Management also expects a further supply squeeze by 2027, when dormitories in Singapore must meet upgraded standards in Singapore, they say. Centurion has also been expanding its portfolio of student accommodation assets in Australia and the U.K. Maybank Research initiates coverage of the stock with a buy rating and a target price of S$1.45. Shares are 1.6% lower at S$1.23. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 23:32 ET (03:32 GMT)
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