Centurion Corp price target cut to 83 cents but kept at "buy" by OSK-DMG

Stock Name: Centurion
Company Name: CENTURION CORPORATION LIMITED

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.83

SINGAPORE (Dec 24): OSK-DMG has reduced its price target for Centurion Corp to 83 cents from 89 cents to reflect its belief that rental revisions are likely to be subdued in the next few years.

Even so, it has kept its "buy" call on the stock, saying the builder of worker dormitory still has good growth prospects, especially with its latest tie-up with Lian Beng Group to develop a 7,900-bed accommodation and training centre right outside Jurong Island.