SINGAPORE (Nov 5): DBS Group Research is maintaining its “buy” call on Centurion Corp, the builder and operator of workers’ and students’ dorms, with a target price of 59 cents on “better things to come.”
In a Friday note, analyst Rachael Tan says “We believe that Centurion’s purpose-built dormitory business is scalable, particularly in economic areas which rely heavily on foreign-sourced workers. Given its success in executing its aggressive bed growth strategy so far, we are optimistic about the Group’s long-term potential.”

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