0711 GMT - Centurion Corp.'s pipeline of over 4,000 new beds slated to come online through 2027 is likely to support its growth visibility, DBS Group Research analysts say in a research report. The new beds are expected to expand the living-sector accommodation provider's capacity by around 5% from 1Q 2026 levels, the analysts estimate. Also, following the spin-off and listing of Centurion Accommodation REIT, the Singapore-listed company has substantially strengthened its balance sheet, bringing its net debt-to-equity down to 12% from 29% in 2024. DBS Group Research initiates coverage of the stock with a buy rating and a target price of 1.86 Singapore dollars. Shares are 2.8% higher at S$1.45. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 11, 2026 03:11 ET (07:11 GMT)
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