There has also been a ramp-up in China’s build-to-rent (BTR) segment. Hong Kong’s PBSA properties are also ramping up better than expected, Yeo writes.
RHB Bank Singapore analyst Alfie Yeo has lifted his target price on Centurion Corporation (SGX:OU8
) to $1.50 from $1.43, making this the second increase in less than a month. Yeo increased his target price in an April 29 report to $1.43 from $1.06 as he believes the group will see higher bed capacity and rental rates in FY2025 ending Dec 31.
In his May 23 report, Yeo says he is more positive on Centurion’s earnings as the company’s bed rates across its purpose-built workers' accommodation (PBWA) and purpose-built student accommodation (PBSA) properties outperformed his expectations.
