Centurion Corp.'s Earnings Set to Benefit From Higher Singapore Bed Rates -- Market Talk

Dow Jones

2024-10-14

0501 GMT - Centurion Corp.'s earnings stand to benefit from higher bed rates in Singapore, RHB Research analyst Alfie Yeo says in a research report, as RHB raises the stock's target price to S$1.06 from S$0.76 with an unchanged buy rating. Ongoing upward rental reversions are boosting average bed rates for its purpose-built workers accommodation assets, thanks to the shortage of dormitories in Singapore, the analyst notes. RHB lifts its 2025 and 2026 earnings estimates for Centurion by 12% and 17%, respectively. The Singapore-listed accommodation assets provider has also entered China market with a Chinese partner to establish two joint ventures to renovate and operate build to-rent residential accommodation in Fujian province, the analyst adds. Shares are 0.6% higher at S$0.84. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 01:01 ET (05:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Ongoing upward rental reversions are boosting average bed rates for its purpose-built workers accommodation assets, thanks to the shortage of dormitories in Singapore, the analyst notes. RHB lifts its 2025 and 2026 earnings estimates for Centurion by 12% and 17%, respectively. The Singapore-listed accommodation assets provider has also entered China market with a Chinese partner to establish two joint ventures to renovate and operate build to-rent residential accommodation in Fujian province, the analyst adds. Shares are 0.6% higher at S$0.84. 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Ongoing upward rental reversions are boosting average bed rates for its purpose-built workers accommodation assets, thanks to the shortage of dormitories in Singapore, the analyst notes. RHB lifts its 2025 and 2026 earnings estimates for Centurion by 12% and 17%, respectively. The Singapore-listed accommodation assets provider has also entered China market with a Chinese partner to establish two joint ventures to renovate and operate build to-rent residential accommodation in Fujian province, the analyst adds. Shares are 0.6% higher at S$0.84. 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Ongoing upward rental reversions are boosting average bed rates for its purpose-built workers accommodation assets, thanks to the shortage of dormitories in Singapore, the analyst notes. RHB lifts its 2025 and 2026 earnings estimates for Centurion by 12% and 17%, respectively. The Singapore-listed accommodation assets provider has also entered China market with a Chinese partner to establish two joint ventures to renovate and operate build to-rent residential accommodation in Fujian province, the analyst adds. Shares are 0.6% higher at S$0.84. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BWCU.SI":"运通网城","OU8.SI":"胜捷企业有限公司"},"translate_title":"Centurion Corp.的盈利将受益于新加坡床位率上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWCU.SI":1,"OU8.SI":1},"content_text":"0501 GMT - Centurion Corp.'s earnings stand to benefit from higher bed rates in Singapore, RHB Research analyst Alfie Yeo says in a research report, as RHB raises the stock's target price to S$1.06 from S$0.76 with an unchanged buy rating. Ongoing upward rental reversions are boosting average bed rates for its purpose-built workers accommodation assets, thanks to the shortage of dormitories in Singapore, the analyst notes. RHB lifts its 2025 and 2026 earnings estimates for Centurion by 12% and 17%, respectively. The Singapore-listed accommodation assets provider has also entered China market with a Chinese partner to establish two joint ventures to renovate and operate build to-rent residential accommodation in Fujian province, the analyst adds. Shares are 0.6% higher at S$0.84. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 14, 2024 01:01 ET (05:01 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}