Centurion: UOB Kay Hian maintains its Buy rating and TP of $0.725, citing the rising interest in the UK student housing market after the recent acquisition by Far East Orchard on four properties in Newcastle.
The house also noted that there has been a recent rise in investment interest, apart from Far East Orchard.
While this may result in increasingly difficulties for Centurion to make more acquisitions of quality student accommodation assets at favourable prices, the increased interest in the asset class may provide potential monetising opportunities for the company in future.
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