In line with this, the group had earlier this month announced that it was permitting residents at its UK PBSA’s to terminate their leases early.
SINGAPORE (Apr 29): RHB Securities is maintaining its ‘hold’ call on housing operator Centurion Corp, but at a revised target price of 41 cents. This is down 8% from its previous 49 cents call, analysts Lee Cai Ling and Jarick Seet say in an Apr 29 note.
Their move follows expectations of Centurion’s purpose-built student accommodation (PBSA) properties having lower occupancy in the coming months amid course deferment options and a move towards online leaning due to the travel restrictions from the Covid-19 pandemic.
