Centurion Corp Ltd *Official* (SGX: OU8)
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Kinetic88
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unker know the boss and since chiu are so smart, should moi ask him to employ chiu as their business development adviser ?
Dyhalt
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Anybody still following this counter?
Well after studying into Centurion's business model, I've decided to build a position in Centurion to replace the Starhill Reit I've sold, I have to thank blogger ASSI AK for his reasoning to invest Centurion, which have convinced me to do the same.
Entry price 0.405~0.41
I also like the charity work its directors are involved, especially the donation made to fund ACS school building which sparked the old AC family flame in me.
Invested and cheers
Well after studying into Centurion's business model, I've decided to build a position in Centurion to replace the Starhill Reit I've sold, I have to thank blogger ASSI AK for his reasoning to invest Centurion, which have convinced me to do the same.
Entry price 0.405~0.41
I also like the charity work its directors are involved, especially the donation made to fund ACS school building which sparked the old AC family flame in me.
Invested and cheers
Dyhalt
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The price movement today is not caused by me, I've started buying since last week slowly.
Honestly I'm not that familiar with this counter yet, so I'll probably refrain from buying more unless its price retreat back below 0.415.
Cheers
https://www.dropbox.com/s/ssv2khvskjdvwto/4zR9U3l7.jpeg?dl=0
Last edited:
articland05
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jin satki menz
can move price!!
movers and shakers!!!
can move price!!
movers and shakers!!!
Lasogette
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This stock is interesting. Like a reit
Shion
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Centurion Corp started at 'add' by CGS-CIMB on strong growth potential
Centurion Corp started at 'add' by CGS-CIMB on strong growth potential
https://www.theedgesingapore.com/ca...-started-add-cgs-cimb-strong-growth-potential
SINGAPORE (Jan 8): CGS-CIMB Research is initiating coverage on Centurion Corporation, the provider of purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA), with an “add” recommendation and a target price of 61 cents.
As of 3Q19, the group has over 32 properties in six countries, which translates to around 64,956 beds. In FY18, PBWA contributed 67.1% of revenue and PBSA formed 31.4%.
CGS-CIMB likes this stock because it has consistently grown its bed capacity via developments and acquisitions.
In a Tuesday report, lead analyst Ervin Seow says, “We think the under-supply in PBWA and PBSA segments could continue due to tighter regulations and enforcement in PBWA and growth in university enrolment.”
The group is expected to achieve PATMI growth of 7.7-13.8% for FY20-21 due to a 15.2% growth in capacity. This includes the addition of 3,600 beds at Tampoi II and 177 beds at Archer House in FY20 as well as 6,100 beds at Juru in FY21.
“Going forward, we think there is strong potential for further growth of PBWA in Malaysia due to regulations relating to a minimum standard of housing for workers that reduce non-PBWA accommodation supply, as well as strong construction and manufacturing activity growth that should translate into stronger tenant demand,” says Seow.
Meanwhile, Centurion’s asset-light fund management platforms provide a good opportunity for the group to scale up quickly and recycle capital. The analyst believes that the option of seeding existing assets into the funds could alleviate its high gearing of about 127% as of end-FY18.
The group now has two PBSA funds with about $200 million in commitments and seven assets. Although the group’s $450 million portfolio size precludes it from listing a REIT now, the analyst is hopeful that in the long term, the group could continue building its portfolio and work towards a REIT spin-off of its PBSA assets due to strong investor interest in the asset class.
“At its current price, we estimate CENT offers 39% upside potential with a FY20F dividend yield of 5.4%,” says Seow.
As at 3.40pm, shares in Centurion are trading 3.41% higher at 46 cents.
Centurion Corp started at 'add' by CGS-CIMB on strong growth potential
https://www.theedgesingapore.com/ca...-started-add-cgs-cimb-strong-growth-potential
SINGAPORE (Jan 8): CGS-CIMB Research is initiating coverage on Centurion Corporation, the provider of purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA), with an “add” recommendation and a target price of 61 cents.
As of 3Q19, the group has over 32 properties in six countries, which translates to around 64,956 beds. In FY18, PBWA contributed 67.1% of revenue and PBSA formed 31.4%.
CGS-CIMB likes this stock because it has consistently grown its bed capacity via developments and acquisitions.
In a Tuesday report, lead analyst Ervin Seow says, “We think the under-supply in PBWA and PBSA segments could continue due to tighter regulations and enforcement in PBWA and growth in university enrolment.”
The group is expected to achieve PATMI growth of 7.7-13.8% for FY20-21 due to a 15.2% growth in capacity. This includes the addition of 3,600 beds at Tampoi II and 177 beds at Archer House in FY20 as well as 6,100 beds at Juru in FY21.
“Going forward, we think there is strong potential for further growth of PBWA in Malaysia due to regulations relating to a minimum standard of housing for workers that reduce non-PBWA accommodation supply, as well as strong construction and manufacturing activity growth that should translate into stronger tenant demand,” says Seow.
Meanwhile, Centurion’s asset-light fund management platforms provide a good opportunity for the group to scale up quickly and recycle capital. The analyst believes that the option of seeding existing assets into the funds could alleviate its high gearing of about 127% as of end-FY18.
The group now has two PBSA funds with about $200 million in commitments and seven assets. Although the group’s $450 million portfolio size precludes it from listing a REIT now, the analyst is hopeful that in the long term, the group could continue building its portfolio and work towards a REIT spin-off of its PBSA assets due to strong investor interest in the asset class.
“At its current price, we estimate CENT offers 39% upside potential with a FY20F dividend yield of 5.4%,” says Seow.
As at 3.40pm, shares in Centurion are trading 3.41% higher at 46 cents.
Its indeed good news that analyst coverage are done to attract more institutional investors. Hopefully this forgotten gem will be attracting more attention to realize pricing potential.
Vested
Cheers
Been waiting long long for anal-list coverage to boost its price... ! Also vested at a good entry price.
Dyhalt
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Though I'm bullish on this counter in the long term, the impact of coronavirus outbreak far exceeds my capability to evaluate its risk.
As the saying goes there is no wrong in taking profits off the table, so I've reduce holdings in Centurion at about 0.455~0.46 with a 10% gain. Hope fortune favors those who are braver and smarter than an old man like me
Cheers
As the saying goes there is no wrong in taking profits off the table, so I've reduce holdings in Centurion at about 0.455~0.46 with a 10% gain. Hope fortune favors those who are braver and smarter than an old man like me
Cheers
Dyhalt
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Positive Profit Alert for Centurion Corp
Feb 18 (Reuters) - Centurion Corporation Ltd:
* EXPECTED TO RECORD A SIGNIFICANT INCREASE IN NET PROFIT FOR 4Q FY2019 AND FY 2019
* EXPECTED RESULT DUE TO RECOGNITION OF VALUATION GAIN OF ABOUT 33% ON PROPERTY Source text for Eiko
Result for Q4 is expected to be released around 2/26
Vested, Cheers
Feb 18 (Reuters) - Centurion Corporation Ltd:
* EXPECTED TO RECORD A SIGNIFICANT INCREASE IN NET PROFIT FOR 4Q FY2019 AND FY 2019
* EXPECTED RESULT DUE TO RECOGNITION OF VALUATION GAIN OF ABOUT 33% ON PROPERTY Source text for Eiko
Result for Q4 is expected to be released around 2/26
Vested, Cheers
Shion
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Centurion allows early lease termination for UK students, expects up to $8.8m revenue loss
Centurion allows early lease termination for UK students, expects up to $8.8m revenue loss
https://www.straitstimes.com/busine...ase-termination-for-uk-students-expects-up-to
SINGAPORE (THE BUSINESS TIMES) - Housing operator Centurion Corp on Monday (April 20) said it will allow those residing at its UK student accommodation the option to terminate their remaining lease early.
The move comes as the UK government has put in place a nationwide lockdown to contain the spread of the novel coronavirus.
As a result, Centurion expects lower occupancies at its UK properties for the remainder of the UK academic year 2019-2020 from May 1 till the end of August this year. The group anticipates a reduction in revenue of between £3 million (S$5.3 million) and £5 million (S$8.8 milion) for this period, depending on the number of residents taking up the offer, it said.
Due to the pandemic, universities have moved their academic programmes and curriculum online, and students can choose to return home and continue their programmes from there, mainboard-listed Centurion noted.
Students who choose to return home for the final semester of the UK academic year 2019-2020 may terminate their tenancies early and will not have to pay rent from May 1, 2020. Those who have paid in advance and choose to terminate their remaining leases will receive a refund for the lease period beginning May 1, till the end of the contracted lease term, Centurion said.
To exercise the option for early lease termination, students will only need to submit a request to do so by April 26.
Centurion's move comes after due assessment of the universities' actions, conditions faced by student-residents, and consideration of both short and long-term interests of its multiple stakeholders, the company said. The group's properties remain operational in order to support these residents choosing to stay put.
Within Singapore, Centurion said that while there have been confirmed cases of Covid-19 infection in some of the group's Purpose Built Worker Accommodation (PBWA), there has so far not been an impact on the number of beds leased out or the financial occupancy of the group's PBWA portfolio here.
In Malaysia, with the government's Movement Control Orders in place, Centurion's PBWA operations remain stable, and no impact is expected on the financial occupancy of its Malaysia PBWA portfolio, the company added.
Centurion shares closed flat at $0.39 on Monday before the announcement was made.
Centurion allows early lease termination for UK students, expects up to $8.8m revenue loss
https://www.straitstimes.com/busine...ase-termination-for-uk-students-expects-up-to
SINGAPORE (THE BUSINESS TIMES) - Housing operator Centurion Corp on Monday (April 20) said it will allow those residing at its UK student accommodation the option to terminate their remaining lease early.
The move comes as the UK government has put in place a nationwide lockdown to contain the spread of the novel coronavirus.
As a result, Centurion expects lower occupancies at its UK properties for the remainder of the UK academic year 2019-2020 from May 1 till the end of August this year. The group anticipates a reduction in revenue of between £3 million (S$5.3 million) and £5 million (S$8.8 milion) for this period, depending on the number of residents taking up the offer, it said.
Due to the pandemic, universities have moved their academic programmes and curriculum online, and students can choose to return home and continue their programmes from there, mainboard-listed Centurion noted.
Students who choose to return home for the final semester of the UK academic year 2019-2020 may terminate their tenancies early and will not have to pay rent from May 1, 2020. Those who have paid in advance and choose to terminate their remaining leases will receive a refund for the lease period beginning May 1, till the end of the contracted lease term, Centurion said.
To exercise the option for early lease termination, students will only need to submit a request to do so by April 26.
Centurion's move comes after due assessment of the universities' actions, conditions faced by student-residents, and consideration of both short and long-term interests of its multiple stakeholders, the company said. The group's properties remain operational in order to support these residents choosing to stay put.
Within Singapore, Centurion said that while there have been confirmed cases of Covid-19 infection in some of the group's Purpose Built Worker Accommodation (PBWA), there has so far not been an impact on the number of beds leased out or the financial occupancy of the group's PBWA portfolio here.
In Malaysia, with the government's Movement Control Orders in place, Centurion's PBWA operations remain stable, and no impact is expected on the financial occupancy of its Malaysia PBWA portfolio, the company added.
Centurion shares closed flat at $0.39 on Monday before the announcement was made.
Shion
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Centurion posts 10% drop in Q2 profit on costs to manage Covid-19 in workers' dorms
Centurion posts 10% drop in Q2 profit on costs to manage Covid-19 in workers' dorms
https://www.straitstimes.com/busine...p-in-q2-profit-on-costs-to-manage-covid-19-in
SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed housing operator Centurion Corp on Tuesday (Aug 11) saw profits slip by 10 per cent to $9.13 million for its second quarter ended June 30, on the back of additional costs incurred to manage the Covid-19 situation in workers' accommodation.
Revenue slipped 5 per cent to $31.1 million in the second quarter, mainly due to the impact from the early lease termination allowed for student accommodation in the UK starting from May 1; it was also due to lower occupancy in dwell Village Melbourne City (formerly known as RMIT Village) in Australia, resulting from movement restrictions imposed to contain the spread of Covid-19.
For the half-year, profits went up 16 per cent to $21.01 million, mostly attributed to higher contributions from the new properties and lower interest expenses.
Meanwhile, revenue for the half-year ticked up 4 per cent to $66.59 million, on revenue contribution from the new properties such as Westlite Juniper in Singapore, dwell Archer House in the UK as well as dwell East End Adelaide in Australia.
Earnings per share for the half-year was 2.50 cents, up from 2.15 cents a year ago.
No dividend was declared this time around, compared with 1.0 cent previously as the group intends to conserve its cash resources in view of the "unprecedented economic condition and uncertainty amid the Covid-19 pandemic".
Kong Chee Min, the company's chief executive, said: "Even as countries start to relax pandemic management measures, the full impact of Covid-19 on economies and businesses remains to be seen. To mitigate anticipated business impact from the pandemic's knock-on effects on the wider economy, we are focused on strengthening our operating and management capabilities and efficiencies while taking steps to conserve cash."
In its outlook for the purpose-built student accommodation (PBSA) segment, the group believes that the education and student accommodation sector is resilient, and that pent-up demand will drive a fast recovery for PBSA properties once on-campus programmes and travel normalise.
In the purpose-built workers accommodation business, the group said that it has been working closely with the government and employers to manage the migrant worker residents through the quarantine and movement restrictions period in Singapore.
"In the long term, we remain confident in the fundamentals of our business and the resilience of our strategic asset classes," added Mr Kong.
Centurion posts 10% drop in Q2 profit on costs to manage Covid-19 in workers' dorms
https://www.straitstimes.com/busine...p-in-q2-profit-on-costs-to-manage-covid-19-in
SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed housing operator Centurion Corp on Tuesday (Aug 11) saw profits slip by 10 per cent to $9.13 million for its second quarter ended June 30, on the back of additional costs incurred to manage the Covid-19 situation in workers' accommodation.
Revenue slipped 5 per cent to $31.1 million in the second quarter, mainly due to the impact from the early lease termination allowed for student accommodation in the UK starting from May 1; it was also due to lower occupancy in dwell Village Melbourne City (formerly known as RMIT Village) in Australia, resulting from movement restrictions imposed to contain the spread of Covid-19.
For the half-year, profits went up 16 per cent to $21.01 million, mostly attributed to higher contributions from the new properties and lower interest expenses.
Meanwhile, revenue for the half-year ticked up 4 per cent to $66.59 million, on revenue contribution from the new properties such as Westlite Juniper in Singapore, dwell Archer House in the UK as well as dwell East End Adelaide in Australia.
Earnings per share for the half-year was 2.50 cents, up from 2.15 cents a year ago.
No dividend was declared this time around, compared with 1.0 cent previously as the group intends to conserve its cash resources in view of the "unprecedented economic condition and uncertainty amid the Covid-19 pandemic".
Kong Chee Min, the company's chief executive, said: "Even as countries start to relax pandemic management measures, the full impact of Covid-19 on economies and businesses remains to be seen. To mitigate anticipated business impact from the pandemic's knock-on effects on the wider economy, we are focused on strengthening our operating and management capabilities and efficiencies while taking steps to conserve cash."
In its outlook for the purpose-built student accommodation (PBSA) segment, the group believes that the education and student accommodation sector is resilient, and that pent-up demand will drive a fast recovery for PBSA properties once on-campus programmes and travel normalise.
In the purpose-built workers accommodation business, the group said that it has been working closely with the government and employers to manage the migrant worker residents through the quarantine and movement restrictions period in Singapore.
"In the long term, we remain confident in the fundamentals of our business and the resilience of our strategic asset classes," added Mr Kong.
Shion
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Centurion to lease and manage up to 6,400 beds in four new Quick Build Dormitories
Centurion to lease and manage up to 6,400 beds in four new Quick Build Dormitories
https://www.businesstimes.com.sg/co...6400-beds-in-four-new-quick-build-dormitories
CENTURION Corp has secured a tender by JTC Corporation to lease and manage up to 6,400 beds in four new foreign workers dormitories in Singapore, it said on Wednesday.
The dormitories are among the new Quick Build Dormitories (QBDs) whose development was announced by the Singapore government in June.
The QBDs are expected to have a total bed capacity of 25,000. They will be introduced alongside other short- to medium-term arrangements to develop about 60,000 beds for migrant workers in Singapore.
Centurion's contract for the four dorms is for a lease term of three years at a monthly rent of S$1.09 million, with an option by JTC to extend for an additional one year.
The four QBDs are Kranji Way Dormitory (approximately 1,300 beds), located at 18A Kranji Way; Tuas Crescent Dormitory (approximately 1,020 beds), located at Tuas Avenue 2; Tuas South Boulevard Dormitory (approximately 628 beds), located at Tuas South Boulevard; and Jalan Tukang Dormitory (approximately 3,420 beds), located at Jalan Tukang.
The additional 6,400 beds will expand Centurion's purpose-built workers accommodation (PBWA) portfolio in Singapore by 22.9 per cent, bringing its Singapore PBWA bed capacity to 34,400.
Chief executive Kong Chee Min said: "QBDs are part of a national programme piloting new specifications for migrant workers care and pandemic management in purpose-built dormitories, and Centurion is honoured to be amongst the first to manage these QBDs."
The dormitories are developed by JTC, and are expected to being operations progressively over the next months, with the first lease commencing on Sept 21 for Kranji Way Dormitory.
The award of the contract is not expected to have any material impact on Centurion's earnings for the financial year ending Dec 31, 2020.
Centurion shares fell half a Singapore cent or 1.41 per cent to S$0.35 on Wednesday.
Centurion to lease and manage up to 6,400 beds in four new Quick Build Dormitories
https://www.businesstimes.com.sg/co...6400-beds-in-four-new-quick-build-dormitories
CENTURION Corp has secured a tender by JTC Corporation to lease and manage up to 6,400 beds in four new foreign workers dormitories in Singapore, it said on Wednesday.
The dormitories are among the new Quick Build Dormitories (QBDs) whose development was announced by the Singapore government in June.
The QBDs are expected to have a total bed capacity of 25,000. They will be introduced alongside other short- to medium-term arrangements to develop about 60,000 beds for migrant workers in Singapore.
Centurion's contract for the four dorms is for a lease term of three years at a monthly rent of S$1.09 million, with an option by JTC to extend for an additional one year.
The four QBDs are Kranji Way Dormitory (approximately 1,300 beds), located at 18A Kranji Way; Tuas Crescent Dormitory (approximately 1,020 beds), located at Tuas Avenue 2; Tuas South Boulevard Dormitory (approximately 628 beds), located at Tuas South Boulevard; and Jalan Tukang Dormitory (approximately 3,420 beds), located at Jalan Tukang.
The additional 6,400 beds will expand Centurion's purpose-built workers accommodation (PBWA) portfolio in Singapore by 22.9 per cent, bringing its Singapore PBWA bed capacity to 34,400.
Chief executive Kong Chee Min said: "QBDs are part of a national programme piloting new specifications for migrant workers care and pandemic management in purpose-built dormitories, and Centurion is honoured to be amongst the first to manage these QBDs."
The dormitories are developed by JTC, and are expected to being operations progressively over the next months, with the first lease commencing on Sept 21 for Kranji Way Dormitory.
The award of the contract is not expected to have any material impact on Centurion's earnings for the financial year ending Dec 31, 2020.
Centurion shares fell half a Singapore cent or 1.41 per cent to S$0.35 on Wednesday.
Shion
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Centurion's Q3 revenue falls 11% on lower portfolio occupancy
Centurion's Q3 revenue falls 11% on lower portfolio occupancy
https://www.businesstimes.com.sg/co...revenue-falls-11-on-lower-portfolio-occupancy
DORMITORY developer-operator Centurion Corp on Friday posted an 11 per cent drop in third-quarter revenue to S$29.4 million, due mainly to lower occupancy in its portfolio because of Covid-19, particularly in its student accommodation properties in Australia and the United Kingdom.
The group's purpose-built student accommodation assets in Melbourne and Manchester recorded the largest reductions in occupancy as the two cities continued to battle the virus outbreak with travel restrictions and closures of university campuses. Q3 revenue in the UK was also affected by the early lease termination offered for the final semester of UK's academic year.
But this was moderated by the stable performance of its worker accommodation portfolio which, despite slightly reduced occupancy, reported marginal revenue growth of 1 per cent for Q3 compared to a year ago.
It was also mitigated by revenue contributions from a newly-added management service contract from JTC in Singapore and from dwell Archer House in the UK which started operating in Q4 2019.
Centurion did not provide profit figures in its business update.
Centurion's Q3 revenue falls 11% on lower portfolio occupancy
https://www.businesstimes.com.sg/co...revenue-falls-11-on-lower-portfolio-occupancy
DORMITORY developer-operator Centurion Corp on Friday posted an 11 per cent drop in third-quarter revenue to S$29.4 million, due mainly to lower occupancy in its portfolio because of Covid-19, particularly in its student accommodation properties in Australia and the United Kingdom.
The group's purpose-built student accommodation assets in Melbourne and Manchester recorded the largest reductions in occupancy as the two cities continued to battle the virus outbreak with travel restrictions and closures of university campuses. Q3 revenue in the UK was also affected by the early lease termination offered for the final semester of UK's academic year.
But this was moderated by the stable performance of its worker accommodation portfolio which, despite slightly reduced occupancy, reported marginal revenue growth of 1 per cent for Q3 compared to a year ago.
It was also mitigated by revenue contributions from a newly-added management service contract from JTC in Singapore and from dwell Archer House in the UK which started operating in Q4 2019.
Centurion did not provide profit figures in its business update.
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