Centurion    Last:1.44    -0.01

Centurion Corp

Loaded up again @1.36.  Likely to bounce back above $1.41 soon.

beng1102      ( Date: 04-Nov-2025 17:08) Posted: Reloaded back again @1.39.  It should go back above the 200MA soon.    beng1102      ( Date: 27-Oct-2025 10:13) Posted: Trading interest and volume seem slowing down around $1.49.  Likely mean it is time to take some profit

 

u r right.. very decisive....probably will go below $1

shk363      ( Date: 05-Nov-2025 08:16) Posted: hype over. cut loss and move on

 

hype over. cut loss and move on

 

Reloaded back again @1.39.  It should go back above the 200MA soon.   

beng1102      ( Date: 27-Oct-2025 10:13) Posted: Trading interest and volume seem slowing down around $1.49.  Likely mean it is time to take some profit. beng1102      ( Date: 26-Oct-2025 20:51) Posted: I think likely a little more upside is possible

 

breaking down to recent low of 1.39 ..  insider not suppoirting anymore

 

Trading interest and volume seem slowing down around $1.49.  Likely mean it is time to take some profit.

beng1102      ( Date: 26-Oct-2025 20:51) Posted: I think likely a little more upside is possible. beng1102      ( Date: 22-Oct-2025 09:47) Posted: STRONG BUY NOW as can expect a quick bounce back

 

 

I think likely a little more upside is possible.

beng1102      ( Date: 22-Oct-2025 09:47) Posted: STRONG BUY NOW as can expect a quick bounce back. beng1102      ( Date: 21-Oct-2025 15:16) Posted: I think price at 1.39 is the MA200, so likely it could find good support.  So likely buy at 1.39 could be profitable as we can expect a short term price bounce back soon

 

The numbers i have show that the 2025 foreign student numbers are higher than 2024. 

You raise many legitimate concerns. Ultimately I think the question is whether you think the affluent class in India, China, ASEAN are going to slow down enrollment in UK universities despite these concerns. My view is no- but that is why there is a market. 

Reform may well win in 2029 but that is so far away, and Centurion would have sold its UK accom to its Reit by then, and I probably would have exited the investment too. 

 

Thank you for sharing this. I am already aware of much of what is within already, but helpful for everyone to see and judge for themselves. For what it is worth my view is that what is written in that report actually supports the sentiments I expressed as being current and forward looking, with COVID further accelerating the direction of British politcs with respect to immigration that began with Brexit. I think when looking at this report one needs to differentiate between hard facts and policies that are actually in effect on the one hand, and fluffy aspirational comments on the other. The fomer include: 1) students numbers falling in 2024 vs 2023 (and btw newer numbers out since this report show a much bigger fall has happened in 2025 vs 2024 so in a sense the more positive hopes in this report expressed for 2025 is itself out of date) 2) changes in visa rules that restrict the amount of time international students can spend in the UK, that restrict the ability of such students to bring dependents with them to the UK and restricting the ability to flip to a work visa 3) tougher sponsor requirements so less international students overall can come 4) EU students no longer being eligible for home student funding. These four points documented in the report are major causes of the decline in international student numbers in the past few years and will continue in themselves to act as negative forces in the years ahead. Everything that is positive to student numbers from current levels in the report is purely aspirational and as I already mentioned I do not expect these aspirations to last as we move ahead to the 2029 elections. If Reform comes in these aspirations will for sure be put in the bin and you can expect more anti immigrant policies. 

It is true the UK did meet the 2030 international student figure 10 years early. But that is backwards looking and I think a high watermark. The demand is there today for now (especially because international students are starting to flee the US given Trump' s anti foreigner policies there) but the UK government is and will be pursuing policies that will not allow this demand to be met. And there are things going on in the UK socially and culturally that makes me question whether even the demand will be there in the future, issues like racism that a House of Commons report is not going to want to address directly. What is happening now in the US may be a precursor for the UK.

Apologies for being so depressing about this. But I call it how I see it.

Whitelotus33      ( Date: 22-Oct-2025 09:21) Posted: I think these sentiments are from the COVID era and are slightly outdated. The latest House of Commons report is not so pessimistic:  https://commonslibrary.parliament.uk/research-briefings/cbp-7976/ The first thing they say is that the UK met its 2030 target of foreign student numbers 10 years early. The demand is there - if they opened the university supply it would all get taken up, with obvious effects on their demographics so they cant push it too hard.  Just google student to bed ratio and you will find many many articles from 2024 onwards saying there are not enough student beds.  Alignment      ( Date: 21-Oct-2025 21:57) Posted: There are two main issues. First, yes LSE is a good university lah. I have been there myself. But we are talking about the future, and I think students will be less keen to study there (or other UK universities) in a few years time if the locals become more hostile to foreigners. The prospect of Reform winning in 2029 and all the other parties so kiasu will stir things up. In 2020 there was a racist attack by a group of ang mohs on a Singaporean student in London (UCL, not LSE) during the early days of COVID. He suffered a complicated fracture to his nose and cheekbone which required surgery, screws and stitches. Now imagine this happening every week or even every day, alamak. Second and more important is that irrespective of what foreign kids and their parents want, the UK is going to shut its gates to a large number of them in order to get the net migration numbers down. Policies to this effect are in the works, and if anyone who is considering investing in PBSAs are not aware of this I encourage them to do more research on the matter before finalising their decision whether to invest.    It' s siao, I know. But that is the world right now

 

STRONG BUY NOW as can expect a quick bounce back.

beng1102      ( Date: 21-Oct-2025 15:16) Posted: I think price at 1.39 is the MA200, so likely it could find good support.  So likely buy at 1.39 could be profitable as we can expect a short term price bounce back soon. Whitelotus33      ( Date: 21-Oct-2025 00:28) Posted: The entire middle and upper class of Asia and many emerging markets want to send their kids to London School of Economics and you are bearish UK student accom

 

I think these sentiments are from the COVID era and are slightly outdated. The latest House of Commons report is not so pessimistic:  https://commonslibrary.parliament.uk/research-briefings/cbp-7976/

The first thing they say is that the UK met its 2030 target of foreign student numbers 10 years early. The demand is there - if they opened the university supply it would all get taken up, with obvious effects on their demographics so they cant push it too hard. 

Just google student to bed ratio and you will find many many articles from 2024 onwards saying there are not enough student beds. 

Alignment      ( Date: 21-Oct-2025 21:57) Posted: There are two main issues. First, yes LSE is a good university lah. I have been there myself. But we are talking about the future, and I think students will be less keen to study there (or other UK universities) in a few years time if the locals become more hostile to foreigners. The prospect of Reform winning in 2029 and all the other parties so kiasu will stir things up. In 2020 there was a racist attack by a group of ang mohs on a Singaporean student in London (UCL, not LSE) during the early days of COVID. He suffered a complicated fracture to his nose and cheekbone which required surgery, screws and stitches. Now imagine this happening every week or even every day, alamak. Second and more important is that irrespective of what foreign kids and their parents want, the UK is going to shut its gates to a large number of them in order to get the net migration numbers down. Policies to this effect are in the works, and if anyone who is considering investing in PBSAs are not aware of this I encourage them to do more research on the matter before finalising their decision whether to invest.    It' s siao, I know. But that is the world right now. Whitelotus33      ( Date: 21-Oct-2025 00:28) Posted: The entire middle and upper class of Asia and many emerging markets want to send their kids to London School of Economics and you are bearish UK student accom

 

I don' t think it is necessarily the same investor that is selling one and buying the other. They are different propositions and each trades on their own merit.

Investors looking at the REIT are interested in the DPU yield and DPU growth, and the valuation of the head stock has no bearing on their decision making.

Meanwhile the valuation of the REIT clearly affects the valuation of the headstock, but there are other factors that are more important.

 

n3wbie      ( Date: 21-Oct-2025 20:41) Posted: Seems like investors are dumping the parent and just going for the REIT?

 

There are two main issues. First, yes LSE is a good university lah. I have been there myself. But we are talking about the future, and I think students will be less keen to study there (or other UK universities) in a few years time if the locals become more hostile to foreigners. The prospect of Reform winning in 2029 and all the other parties so kiasu will stir things up. In 2020 there was a racist attack by a group of ang mohs on a Singaporean student in London (UCL, not LSE) during the early days of COVID. He suffered a complicated fracture to his nose and cheekbone which required surgery, screws and stitches. Now imagine this happening every week or even every day, alamak.

Second and more important is that irrespective of what foreign kids and their parents want, the UK is going to shut its gates to a large number of them in order to get the net migration numbers down. Policies to this effect are in the works, and if anyone who is considering investing in PBSAs are not aware of this I encourage them to do more research on the matter before finalising their decision whether to invest.   

It' s siao, I know. But that is the world right now.

Whitelotus33      ( Date: 21-Oct-2025 00:28) Posted: The entire middle and upper class of Asia and many emerging markets want to send their kids to London School of Economics and you are bearish UK student accom? Alignment      ( Date: 16-Oct-2025 21:39) Posted: It' s quite a good location to have PBSA. But not sure the UK student population numbers will be doing so well in the coming years with the increasing immigration controls and general anti foreigner sentiment there.

 

Seems like investors are dumping the parent and just going for the REIT?

 

Last Friday, Chairman Han bought 300,000 shares at $1.408 each.

https://links.sgx.com/1.0.0/corporate-announcements/FS5AHGELBJOJ2RWL/74a6eb96713b9052cbf5ee802a25adc0e7d9134d6e05a974eecec6d5f88950cd

 

I think price at 1.39 is the MA200, so likely it could find good support.  So likely buy at 1.39 could be profitable as we can expect a short term price bounce back soon.

Whitelotus33      ( Date: 21-Oct-2025 00:28) Posted: The entire middle and upper class of Asia and many emerging markets want to send their kids to London School of Economics and you are bearish UK student accom? Alignment      ( Date: 16-Oct-2025 21:39) Posted: It' s quite a good location to have PBSA. But not sure the UK student population numbers will be doing so well in the coming years with the increasing immigration controls and general anti foreigner sentiment there.

 

The entire middle and upper class of Asia and many emerging markets want to send their kids to London School of Economics and you are bearish UK student accom?

Alignment      ( Date: 16-Oct-2025 21:39) Posted: It' s quite a good location to have PBSA. But not sure the UK student population numbers will be doing so well in the coming years with the increasing immigration controls and general anti foreigner sentiment there.

 

https://www.youtube.com/watch?v=NdlSMvzpKc4& t=1244s
Centurion CEO Kong Chee Min interview with CGSI.
 

 

The issue is that the UK higher education system has massively overexpanded beyond what is financially supportable. In the late 1990s about 20% of UK 18 year olds went to university. Now that figure is close to 40%. Every single one of these people is heavily subsidied by the UK government (by several thousand pounds per year per student), and concurrently is lossmaking for the respective universities (also by several thousand pounds per year per student). What is currently keeping this sinking system afloat is the influx of international students which has also massively increased during the same period. The fees of each international student roughly speaking subsidies three local students. As part of this circus, there are concerns of lowering degree quality, that international students are being given poor quality education that is not degree worthy just for their money. To be fair this is not just a UK issue, it happens in many other countries too.

For some time now this system has been spinning out of control with increasing strain on UK government finances, with government subsidies already beginning to shrink therefore putting ever greater stress on getting international students. What will burst this bubble is the increasing anti foreigner attitude in the UK ultimately resulting in hard annual limits on net migration numbers which will greatly reduce the number of international students, in term causing a financial crisis in the university system resulting in local student numbers also being cut significantly. At the latest I expect this will happen in 2029 in the run up to the next election as the various political parties fight it out to be more anti foreigner. It could be earlier. It sounds a ridiculous way of running the country, but that is the effect of populist politics. Brexit is the classic example of cutting your nose to spite your face, and this will be a repeat.

The impact on UK PBSAs if and when this happens will be severely negative. I have firsthand experience of seeing people make such investments based on very high level top down forecasts from the university sector that take no account of the political reality in the UK or the strain on UK public finances. It' s like flying a modern jet plane and navigating based on the sun and the stars. For anyone thinking of making an investment in UK PBSAs I strongly suggest they do their own bottom up research and not take university sector top down student projections as fact.