On a pro forma basis, if the deal was completed on Jan 1 2025, it would add 5% to its earnings per share - a "modest but meaningful" - given how the size is equivalent to around 3% of the market cap.
Adrian Loh of UOB Kay Hian has kept his "buy" call and $1.90 target price on Centurion Corp after the dormitory operator acquired an asset in Australia for miners for A$45 million.
"We view this as a strategic opportunity to acquire an operational, income-generating asset at appraised value with zero development risk," says Loh in his April 20 note.
