Phillip Securities analyst Yik Ban Chong upgraded the rating on Centurion Corporation Limited to a Buy today, setting a price target of S$1.81.
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Yik Ban Chong has given his Buy rating due to a combination of factors that suggest Centurion Corporation Limited is poised for growth. The company’s revenue from its Singapore purpose-built worker accommodation (PBWA) segment has shown a significant year-on-year increase, driven by favorable rental revisions. This segment continues to be a primary growth driver, maintaining a high occupancy rate of 99% for the first nine months of 2025.
Additionally, Centurion is actively expanding its portfolio, with new management contracts and acquisitions that enhance its capacity, particularly in Malaysia. Despite lowering the target price to reflect regulatory challenges in Malaysia and Australia, the stock remains attractive due to its discount to net asset value and potential dividend yield. The company’s strategic moves and robust occupancy rates in both Singapore and the UK support a positive outlook, justifying the Buy recommendation.
According to TipRanks, Ban Chong is a 4-star analyst with an average return of 34.2% and an 85.00% success rate.