In today’s briefing:
- Centurion Corp (CENT SP) – Paving the Way for Workers and Students
- REIT Watch – Eight S-Reits among Singapore’s top retail net buy stocks in Q1
Centurion Corp (CENT SP) – Paving the Way for Workers and Students
- Centurion Corp (CENT SP) is the leading light in purpose workers’ accommodation in Singapore and Malaysia, with high occupancy rates and healthy rental reversions, with a long-term secular growth backdrop.
- The company is also involved in purpose-built student accommodation in centres of excellence for education including the UK, Australia, and the US in a highly sought-after asset space.
- The outlook for both worker and student accommodation looks positive for the coming two years. Valuations look attractive with Centurion Corp trading at a 56% discount to NAV.
REIT Watch – Eight S-Reits among Singapore’s top retail net buy stocks in Q1
- 8 S-REITs & Property Trusts among Singapore’s Top 20 Retail Net Buys in 1Q24 1Q24 Retail Net Inflows (S$M) There were eight S-Reits and property trusts among the top 20 stocks which recorded the most retail net inflows in Q1 2024.
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