Centurion Set to Benefit From Singapore's Booming Construction Industry -- Market Talk

Dow Jones
2025/06/26

0205 GMT - Centurion Corp. stands to benefit from Singapore's booming construction industry through its purpose-built workers' accommodation assets, UOB Kay Hian's Adrian Loh says in a report. Construction activity from public and private sectors is poised to stay elevated over the next two-three years with key multiyear projects having started recently, the analyst says. The provider of accommodation assets should also benefit from the central bank's S$5 billion program partly aimed at strengthening local asset managers, thanks to its reputation as a highly competent accommodation manager. The brokerage raises its 2025-2027 earnings estimates for Centurion by 2%-5%. It raises the stock's target price to S$1.70 from S$1.48 with an unchanged buy rating. Shares are 1.3% higher at S$1.62. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 25, 2025 22:05 ET (02:05 GMT)

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