Centurion’s Hong Kong debut to have minimal impact on earnings: analyst

📆 2024/04/22 00:01:00
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pemIncome-producing assets to rise 6.5% this year with major projects underway./em/p pCenturion’s first foray into Hong Kong’s student accommodation market will likely only have a minimal impact on its earnings this year since the project was relatively small, according to RHB Group.

Centurion’s first foray into Hong Kong’s student accommodation market will likely only have a minimal impact on its earnings this year since the project was relatively small, according to RHB Group.

Renovations in the property are estimated to cost HK$11.5m or $2m, with completion set to be completed by September. RHB forecasted Centurion posting a 6.1% YoY growth in recurring net profit to an estimated $74m this year from $69m last year. He added that developments in Singapore like its new site at at Westlite Ubi Ave 3, as well as in Malaysia, where asset enhancements are ongoing for Westlite Johor Tech Park and Westlite Senai II, will bode well for the company....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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