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SGX:OU8

7 stories mentioning SGX:OU8Updated 10d ago

Every FINWIRES story that references SGX:OU8, newest first.

Asia

Singapore Shares Close Higher Despite AI Concerns Linger

Singapore shares closed in the green on Friday despite broader regional losses as investors remained skeptical over potential returns from the spending on AI stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,539.54 and 5,588.34 throughout the day. It ended the session at 5,588.34, up 6.58 points or 0.1% compared to Thursday's close.On the corporate front, shares of Centurion (SGX:OU8) were down nearly 2% at the close as its subsidiary, Westlite Juniper (Mandai), accepted an offer from JTC Corp. to extend the tenancy of premises at 1A Tuas Avenue 2 Dormitory in Singapore.ESR REIT (SGX:J91U) agreed to acquire a 100% stake in a freehold logistics property located in Melbourne, Australia, for AU$52.5 million.Meanwhile, HG Metal Manufacturing (SGX:BTG), along with unnamed joint venture partners, submitted a tender called by Singapore's National Environment Agency for the development and operation of a metal recovery facility.

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Asia

Singapore Shares Continue Ascent as US-Iran Sign Interim Peace Deal

Singapore shares remained in the green on Thursday, despite mixed sentiment across the region, as the US and Iran reached an interim peace deal to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,212.84 throughout the day. It ended the session at 5,212.84, up 36.38 points or 0.7% compared to Wednesday's close.Both sides have agreed to an immediate and permanent termination of military operations, with the two parties now aiming to achieve a final deal in 60 days.In economic news, economists have slightly lowered their median forecast for Singapore's 2026 GDP growth to 3.5% from the 3.6% projected in March, according to the June Survey of Professional Forecasters by the Monetary Authority of Singapore.On the corporate front, shares of Eurosports Global (SGX:5G1) were up over 8% at the close as it completed the issuance and allotment of 26.5 million shares at SG$0.075 per share to Align Auto.Centurion (SGX:OU8) acquired a 25% stake in its second student accommodation development in Perth, Australia, for a cash consideration of AU$250,000.Meanwhile, SDAI (SGX:5TI) secured a SG$600,000 loan facility via a funding agreement with private investor Tan Kooi Jin, to make prepayments for AKG longevity and anti-ageing products from suppliers.

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Asia

Centurion Acquires 25% Stake in Perth, Australia Student Housing Project

Centurion (SGX:OU8) acquired a 25% stake in its second student accommodation development in Perth, Australia, for a cash consideration of AU$250,000, according to a Wednesday filing with the Singapore Exchange.The acquisition comes following a similar acquisition of a 472-bed development in the same city in December 2025.The investment was carried out through its subsidiary, Centurion Overseas Investments, which subscribed for shares in the Fairway development. The remaining 75% is held by a subsidiary of the company's controlling shareholder.The development is expected to be completed by the second quarter of 2027, and will be managed under the company's EPIISOD brand.

SGX:OU8
Research

DBS Starts Centurion at Buy with SG$1.86 Price Target

Centurion (SGX:OU8) has an average rating of buy and mean price target of SG$1.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SGX:OU8
Asia

Centurion's Revenue Jumps 30% in Q1

Centurion's (SGX:OU8) revenue climbed 30% in the first quarter of the year to SG$89.4 million from SG$69 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Shares of the company were up nearly 1% in Thursday trading.The increased revenue was driven by strong performances across the worker and student accommodation segments.

SGX:OU8
Asia

Centurion Establishes Australian Subsidiary, Acquires Worker Accommodation

Centurion (SGX:OU8) established a new subsidiary in Australia, Centurion South Hedland (Forrest Circle) as part of the acquisition of a worker accommodation in South Hedland, for AU$28.6 million, according to a Monday filing with the Singapore Exchange.Centurion South Hedland (Forrest Circle) was also nominated as the trustee of a new fixed unit trust named Centurion South Hedland (Forrest Circle) Trust, which signed a contract for the sale of the worker accommodation asset with the seller, MW Investments Number 16.The property is a six-story worker accommodation, spanning an area of 5,378 square meters and comprises 77 apartments with a total of 125 beds.

SGX:OU8
Asia

Centurion Buys Worker Accommodation Business in Australia

Centurion (SGX:OU8) through Centurion Overseas Investments, set up a new subsidiary in Australia named Centurion Karratha (King Way), according to a Monday filing with the Singapore Exchange.Centurion Australia Investments subscribed to all of the units in the Karratha Unit Trust.Concurrently, Centurion Karratha signed deals to acquire the Velocity Village workforce accommodation business and the Velocity Motel and Bistro for AU$45 million.The target businesses operate in Karratha, a city in the Pilbara region of Western Australia.The acquisition is part of the company's strategy to expand its worker accommodation operations.

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