Broker Name: Lim & Tan Securities
Date of Report: 20 April 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Centurion Corporation (SGX: OU8)
- Action: Accumulate
- Target Price: S\$1.83 (8.9% upside from current price S\$1.68)
- Key Idea: Centurion announced the acquisition of an operational key worker accommodation asset in Karratha, Western Australia, expanding into a new specialised segment. The group is well-capitalised after the spin-off of Centurion Accommodation REIT (CAREIT) and plans to pay a special dividend-in-specie (~10 cents) in May 2026, in addition to its regular 2 cent dividend. The company is now leaner, more focused, and has a stronger balance sheet for new growth opportunities.
- CapitaLand Investment (CLI) (SGX: 9CI)
- Action: Accumulate
- Target Price: S\$3.50 (23% upside from current price S\$2.85)
- Key Idea: Ascott (wholly owned by CLI) recorded strong growth in Southeast Asia, with over 7,300 units signed in 2025 (+55% YoY) and a robust pipeline. CLI’s strong exposure to Southeast Asia and recovery in China property market supports growth. CLI trades at 23x forward PE, 4.3% yield, and 1.1x book value.
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 : www.limtan.com.sg
