Centurion Corp. Appears Well-Placed for Higher Rental Rates in Singapore -- Market Talk

Dow Jones

02/04

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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Appears Well-Placed for Higher Rental Rates in Singapore -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-04 11:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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. 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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 22:27 ET (03:27 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":"BK6110","symbol_name":"房地产经营公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508310414","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508310414","pubTimestamp":1738639620,"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":"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. 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