0729 GMT - Centurion Corp.'s growth is poised to be driven by higher bed capacity and rental rates, RHB Research's Alfie Yeo says in a research report. Singapore's construction demand is likely to remain buoyant, which should support demand for foreign worker beds and dormitory bed rates, the analyst says. RHB sees higher bed capacity at the accommodation assets provider this year, thanks to Singapore's new Ubi dormitory and ramp-up of beds in China's build-to-rent apartment project. RHB raises its 2025-2026 earnings estimates for Centurion by 2% each year. It lifts the stock's target price to S$1.43 from S$1.06 with an unchanged buy rating. Shares are 0.8% lower at S$1.22. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 03:29 ET (07:29 GMT)
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