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RHB lowers Centurion's TP to 36 cents as Covid-19 headwinds remain

Felicia Tan
Felicia Tan9/20/2021 12:23 PM GMT+08  • 2 min read
RHB lowers Centurion's TP to 36 cents as Covid-19 headwinds remain
Seet does not see any immediate rerating catalysts, which are dependent on the resumption of travel and inflow of migrant workers.
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RHB Group Research analyst Jarick Seet has maintained “neutral” on Centurion Corporation as headwinds for workers’ and students’ accommodations remain amid the ongoing Covid-19 pandemic.

To date, the number of Covid-19 cases in Singapore and Malaysia, where Centurion Corporation operates, is still on the rise.

See also: Centurion books fair value loss of $14.5 mil, 1HFY2021 earnings down 58% y-o-y

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