0127 GMT - Centurion Corp. is likely a safe shelter amid U.S. tariffs, UOB Kay Hian's Adrian Loh says in a research report as the brokerage maintains the stock's buy rating. The company's business model, with exposure to purpose-built workers' accommodation and purpose-built students' accommodation, will insulate revenues and profitability from shocks spurred by the tariffs, the analyst says. Also, mega construction projects in Singapore such as the Marina Bay Sands expansion underpin demand for the company's purpose-built workers' accommodation assets, the analyst adds. The brokerage raises the stock's target price to S$1.48 from S$1.16, based on a higher target price-to-earnings multiple. Shares are unchanged at S$1.17. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 21:27 ET (01:27 GMT)
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