(See also: Centurion’s FY16 earnings fall 16% decline on investment properties fair value loss)
SINGAPORE (March 2): RHB is remaining “neutral” on Centurion with a target price of 39 cents after its 4Q16 results came in line with the research house’s estimates.
The owner and operator of dorms for students and workers on Wednesday posted a 16% decline in FY16 earnings to $28.7 million after being impacted by a one-off revaluation loss that exceeded $10 million, although its core business’ net profit rose 8% y-o-y to outperform its peers in the industry despite downwards pressures on dormitory rent.
