Broker Name: Maybank Research Pte Ltd
Date of Report: 3 December 2025

Excerpt from Maybank Research Pte Ltd report.

Report Summary

• Maybank initiates coverage on Centurion Accommodation REIT (CAREIT) with a BUY rating, expecting strong distributable income growth driven by rental reversions, asset enhancements, and increased capacity. Recommendations for Singapore equity market reforms are seen as positive for boosting market participation and valuations.
• Market news highlights include City Developments’ acquisition of a high-performing London hotel, Raffles Education’s strategic property disposal to strengthen finances, and Addvalue’s inclusion in the FTSE ST All-share Index amid strong operational and share price performance.

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research Pte Ltd website : https://www.maybank.com/investment-banking