DMG & Partners, Feb 5
CENTURION, formally known as SM Summit, is the only listed dormitory operator in Singapore via an RTO in 2011. By FY16, its portfolio will expand 60 per cent to an estimated 54,000 beds.
Last year's riots in Little India highlighted the shortage of dormitories and the dire need for more such purpose-built accommodation. The company, endowed with an ability to generate cash, is actively looking for potential acquisitions.
Initiate coverage with "buy" and a S$0.82 TP.
BUY
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