0349 GMT - Centurion Corp. likely has enough firepower to execute its growth plans over the next 3-5 years, says UOB Kay Hian's Adrian Loh in a note. Its REIT listing raised around S$771 million, which provides more than enough funds for the property company to expand its accommodation projects, he says. The company has also built a decent moat around its purpose-built worker accommodation business in Singapore, he adds, and shouldn't see near-to-medium-term competition. However, Loh is less enthusiastic about Centurion's expansion into the prime London purpose-built student accommodation sector, as he believes they generate lower yields compared with similar assets outside the city. UOB KH raises its target price to S$1.90 from S$1.70 and maintains its buy rating. Shares are up 0.7% at S$1.38. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 23, 2025 22:49 ET (03:49 GMT)

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