Stock Analysis: Centurion | Lianhe Zaobao
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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
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