Browsed by
Tag: dormitory

Centurion Stock Review – Defensive Housing Play With Emerging Value (Guest Post)

Centurion Stock Review – Defensive Housing Play With Emerging Value (Guest Post)

With tens of thousands of COVID-19 cases coming from foreign worker dormitories, one may wonder if dormitory operator Centurion Corporation would be adversely impacted.

On that note, investors would be pretty surprised that its 1H2020 results are not affected as bad as expected. Before we dive into the results, here’s a quick background of the company for those uninitiated.

Centurion Corporation Profile

Centurion Corporation owns, develops and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and student accommodation assets in Singapore, Australia, South Korea, the United Kingdom (“UK”) and the United States (“US”).

Sourced from Centurion’s corporate presentation

This post was originally posted here. The writer, James Yeo is a veteran community member and blogger on InvestingNote, with username known as Smallcapasia and has 864 followers.

The Group owns and manages a strong portfolio of 33 operational accommodation assets totalling approximately 65,133 beds as of 30 June 2020.

During the COVID-19 pandemic period, major development projects and asset enhancement works have been deferred. The Group’s portfolio of accommodation assets is expected to grow to approximately 68,733 beds, following resumption of projects when the situation has normalized.

Read More Read More