Centurion Corp. Expected to Seek Strategic Acquisitions -- Market Talk
Dow Jones
Jan 22
0232 GMT - Centurion Corp.'s growth strategy has likely shifted toward three areas: acquisitions, management of Centurion Accommodation REIT and property development, says RHB Research's Alfie Yeo. Centurion Corp. is expected to seek strategic acquisitions including in the Middle East, and receive new REIT management fees from third-party asset owners and Centurion Accommodation REIT to supplement growth. RHB Research maintains a buy rating on the stock and raises its target price to S$1.88 from S$1.86 to reflect a slightly higher market valuation of the REIT, for which Centurion Corp. is the sponsor. Shares are 2.7% higher at S$1.53. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 21, 2026 21:32 ET (02:32 GMT)
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