Broker Name: Lim & Tan Securities
Date of Report: 17 November 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- Centurion Corp’s 9M 2025 revenue rose 12% year-on-year to S\$208.3m, driven by high occupancy and positive rental trends in its worker and student accommodation assets. Singapore PBWA saw robust 99% occupancy, while Malaysia’s occupancy fell due to foreign worker caps. A major acquisition expanded its Malaysia portfolio by 25%. The student accommodation segment saw modest growth, with the UK strong and Australia impacted by visa restrictions and currency weakness.
- Zixin Group doubled its 1H FY26 net profit to RMB 16.1m, with revenue up 41%, supported by expanded operations in sweet potato products and circular economy initiatives. Profit growth was aided by higher sales, new product launches, and margin pressures from raw material costs and overheads. The outlook is positive with expansion plans and seasonal strength expected for the next half.
- Institutional investors were net buyers in Singapore equities for the week, focusing on OCBC, Singtel, and Wilmar, while retail investors were net sellers, with UOB, Mapletree Industrial Trust, and Sembcorp Industries as popular buys.
- Macro environment in the US is characterized by stagflation concerns, with cautious consumer spending, rising costs, and weakening growth. Gold is favored as a hedge. China is expanding financial sector presence in global markets, targeting the Gulf and Southeast Asia amid US tensions.
- Key corporate actions included share buybacks by major Singapore companies and dividend distributions across multiple REITs and blue-chip stocks.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website : https://www.limtan.com.sg
