Citing the company's FY2024 numbers, Tee sees a long-term growth trajectory backed by continued expansion into the build-to-rent (BTR) segment and also disciplined financial management.
Alyssa Tee of KGI Securities has kept her "outperform" call and raised her target price for Centurion Corp to $1.38 from 85 cents, given its robust expansion pipeline and potential REIT listing.
"This could unlock asset value, enhance capital recycling, and deliver stable income for shareholders via a potential dividend-in-specie," says Tee in her April 11 note.
