0327 GMT - Centurion Corp. looks well-placed to generate higher rental rates in Singapore given the dormitory supply shortage situation, RHB Research's Alfie Yeo says in a research report. Its purpose-built workers' accommodation bed rates in Singapore continue to be robust, and thanks to the demand-supply situation, RHB sees ongoing upward rental adjustments boosting its average bed rates. RHB lifts its 2025-2026 earnings estimates for the Singapore-listed manager of workers and student accommodations by 9% each year. RHB maintains the stock's buy rating and raises the stock's target price to S$1.16 from S$1.06. Shares are 0.5% higher at S$0.995. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 22:27 ET (03:27 GMT)
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