“We revise FY20F earnings up by 29% mainly on lower interest expense and better-than-expected cost control leading to higher margins. FY20F Singapore purpose-built worker accommodation (PBWA) occupancies were also raised, which contributed to the uplift in earnings."
DBS Research Group is maintaining its ‘hold’ call on dormitory operator Centurion Corp, at a revised target price of 39 cents.
This is down 3 cents from its previous 42 cent call and is believed to give the counter an 11% upside from its 35.5 cent price on August 12, explains analyst Ling Lee Keng.
