Dealing, Product Financing and Custody Services, Tickrs

Tickrs

Tickrs Financial Singapore Pte Ltd (TFS) obtained Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) in 2022. Product offering include stock trading services across 10 global markets, futures trading, fixed income and wealth management products offering.

Dealing, Product Financing and Custody Services

Equity Bottom-Up

Centurion Accommodation / Equity Bottom-Up

<ul><li>Centurion Accommodation REIT (“CA-REIT”) is a newly listed Singapore REIT focused on essential accommodation assets – purpose-built dormitories for workers and student housing – offering investors a rare pure-play exposure to these resilient, cash-generative properties.</li><li>The initial portfolio comprises 14 properties (five worker accommodation assets in Singapore and nine student accommodation assets across the UK and Australia) with ~24,000 beds, boasting occupancy near 97%.</li><li>We initiate coverage with a BUY rating and S$1.05 target price, as CA-REIT provides an attractive combination of high yield (7.5–8.1% forecast DPU yield) and visible growth underpinned by strong demand fundamentals and a conservative balance sheet</li></ul>

Centurion Accommodation REIT (“CA-REIT”) is a newly listed Singapore REIT focused on essential accommodation assets – purpose-built dormitories for workers and student housing – offering investors a rare pure-play exposure to these resilient, cash-generative properties.The initial portfolio comprises 14 properties (five worker accommodation assets in Singapore and nine student accommodation assets across the UK and Australia) with ~24,000 beds, boasting occupancy near 97%.We initiate coverage with a BUY rating and S$1.05 target price, as CA-REIT provides an attractive combination of high yield (7.5–8.1% forecast DPU yield) and visible growth underpinned by strong demand fundamentals and a conservative balance sheet

Centurion Accommodation REIT Initiation : Sheltering Growth: Unlocking Value in Essential Lodgings