In his report dated Aug 30, the analyst notes that the pipeline of new dormitory beds across Singapore and Malaysia is “healthy” with 2,570 new beds coming in 2024.
Lim & Tan Securities analyst Chan En Jie has kept his “accumulate” call on Centurion Corporation (SGX:OU8
) after the company’s results for the 1HFY2024 ended June stood above expectations.
Centurion’s revenue of $124 million stood at 53% of Chan’s full-year estimates while its core profit of $48.5 million stood at 62% of his full-year calculations.
