Stock Name: Centurion
Company Name: CENTURION CORPORATION LIMITED
Company Name: CENTURION CORPORATION LIMITED
| Research House: Maybank Kim Eng | Price Call: BUY | Target Price: 0.70 |
SINGAPORE (Mar 20): Maybank Kim Eng is maintaining a "Buy" call for Centurion Corp with a target price of $0.70 after what the research house believes as the first sizeable purpose-built dorm sales reported in Singapore.
Business Times reported earlier that a privately owned vehicle of Hotel Properties Managing Director Ong Beng Seng and his brother-in-law David Fu closed a deal to sell Homestay Lodge for slightly above $127 million to Pamfleet Group, a property fund management firm.
The fully-occupied dorm has 6,000 beds and covers a land size of 200,000 sq ft.
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