"We remain positive on Centurion Corp’s prospects, as the group focuses on property development, acquisitions, and being CAREIT's manager post spin-off of its assets to the latter," states Yeo in his Jan 22 note.
Alfie Yeo of RHB Bank Singapore has maintained his "buy" call on Centurion Corp after it completed the divestment of a student accommodation property to its Centurion Accommodation REIT.
With expectations of slightly higher market valuation on the REIT, Yeo has correspondingly raised his target price to $1.88 from $1.86.
