Stock Name: Centurion
Company Name: CENTURION CORPORATION LIMITED
Company Name: CENTURION CORPORATION LIMITED
| Research House: OSK-DMG | Price Call: BUY | Target Price: 0.83 |
SINGAPORE (Jan 21): OSK DMG is maintaining Centurion at "Buy" with an 83 cents target price after the company announced it is mulling the establishment of a REIT.
In a Jan 21 report, Jarick Seet regards this as a short-term positive for Centurion as it could greatly lower its gearing and unlock its value for these Singapore dormitories.
"We also expect the management to reward shareholders with a special dividend if the listing goes through," said Seet, who thinks it is mainly the Singapore dormitories that will be injected.
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