---
title: "Stock Analysis: Centurion | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283803312.md"
description: "Centurion recommends buying, with a target price of 1.90 yuan and a closing price of 1.65 yuan (-1.79%). The company announced the acquisition of the Velocity employee accommodation and related facilities located in Kalgoorlie, Western Australia, for AUD 45 million. This acquisition price is supported by an independent valuation from CBRE, and the company is acquiring operational assets at the assessed value, which is strategically attractive. Centurion has 40 operational assets globally, with over 81,000 beds, demonstrating its expansion in the PBWA sector"
datetime: "2026-04-23T09:42:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283803312.md)
  - [en](https://longbridge.com/en/news/283803312.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283803312.md)
---

# Stock Analysis: Centurion | Lianhe Zaobao

### Centurion

-   Recommendation: Buy
-   Target Price: 1.90 SGD
-   Closing Price: 1.65 SGD (-1.79%)

Centurion announced its entry into the specific-purpose worker accommodation (PBWA) sector by acquiring the Velocity Village employee accommodation in Karratha, Western Australia, for AUD 45 million (approximately SGD 41 million), along with the Velocity Motel & Bistro.

The acquisition price is supported by an independent valuation from CBRE, which also concluded a valuation of AUD 45 million. We believe that the company is acquiring operational assets that generate income at the assessed price, without bearing development risks, making this strategy attractive.

#### Further Reading

Centurion spends SGD 41.05 million to acquire Western Australia mining employee accommodation Centurion's net profit in the second half drops 82% to SGD 40.89 million plans to distribute a dividend of 2 cents per share and a scrip dividend

Over the past 15 years, Centurion has developed PBWA and Purpose-Built Student Accommodation (PBSA) into a globally scaled business, owning 40 operational assets with over 81,000 beds in Singapore, Malaysia, China, the UK, and Australia. This acquisition demonstrates its intention to replicate its mature model in Western Australia.

Structurally, there are similarities between the PBWA markets in Australia and Singapore, including asset focus, high operational requirements, long demand cycles, and being primarily driven by institutional clients. We believe that such assets are expected to be gradually injected into Centurion Accommodation REIT. (UOB Kay Hian)

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