Centurion Corp started at "buy", 70-cent target by Maybank Kim Eng

Stock Name: Centurion
Company Name: CENTURION CORPORATION LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 0.70

SINGAPORE (March 9): Maybank Kim Eng has started coverage on Centurion Corp with a "buy" rating and 70-cent price target, which implies 15.7 times projected 2015 earnings.

Two major acquisitions in 2014 by the dormitory housing provider are expected to boost its earnings this year, according to Maybank Kim Eng analyst John Cheong.

These are a property in Melbourne and four properties in the UK, all for student accommodation.