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Centurion Corporation | Buy

May 12 close: S$0.545

Target price: S$0.85

DBS Group Research, May 12

CENTURION'S revenue and gross profit grew 44 per cent and 56 per cent respectively to S$25.3 million and S$17.2 million, while gross margins improved five percentage points to 68 per cent. Earnings growth was driven by higher bed capacity and improved occupancies at Westlite Toh Guan, as well as new contribution from the recently acquired UK student accommodation portfolio.

The group has noted that despite...

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