UOB Kay Hian (UOBKH) is maintaining a ‘buy’ call and target price of 43 cents on dormitory operator Centurion Corp.

This is expected to give the counter a 30.3% upside from its 33 cent price, analyst Adrian Loh writes in a morning note.

“Our target P/B multiple of 0.6x is in line with Centurion’s past five-year average P/B of 0.61x, which we view as fair,” he notes. The stock is currently trading at a 2022 P/B of 0.44x or less than 1.5 standard deviation below its five-year average. 

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