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Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian

Amala Balakrishner
Amala Balakrishner10/22/2020 12:23 PM GMT+08  • 3 min read
Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian
UOB Kay Hian initiates a buy call on Centurion Corp, at a target price of 44 cents. This gives it a 30.7% upside.
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UOB Kay Hian (UOBKH) has taken a liking for dormitory operator Centurion Corporation, due to its “resilient business model” for workers’ accommodation.

See also: Front-running in management of QBDs gives Centurion a thumbs up from CGS-CIMB

“Its business model provides good earnings visibility, with contracts typically being 12 months long and with rent payments collected in advance,” notes analyst Nicola Ho in an initiation report released on Oct 19.

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