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501-520 of 882
Near bottom 33c good risk reward ratio, trading more than half of NAV
Key Statistics
| EPS (SGD) a | 0.06265 | Trailing EPS (SGD) b | 0.09139 | NAV (SGD) c | 0.7960 |
|---|---|---|---|---|---|
| PE a | 5.267 | Trailing PE d | 3.611 | Price / NAV c | 0.4146 |
| Dividend Yield (%) e | 1.515 | Cash In Hand (SGD) f | 0.0714 | Issued & Paid-up Shares g | 840,779,000 |
| Piotroski F Score | 7 | Market Cap (M) | 277.457 | Free Float (%) | 28.0 |
| Return on Equity (ROE) (%) h | 11.482 | Revenue Growth (%) TTM i | 33.461 | ||
| Net Earnings Growth (%) j | 1467.884 | Net Debt/Equity k | 1.074 | ||
| Under CPF Investment Scheme (CPFIS) | Yes | ||||
| Sector & Industry | Accommodation & Food Service Activities - Hotels/Resorts/Cruiselines | ||||
| Index Components | FTSE ST Fledgling Index | ||||
Centurion Corporation
On Nov 3, Centurion Corporation : OU8 +1.47% executive director and joint chairman David Loh Kim Kang acquired 1,665,300 shares at 34 cents per share.
This increased his total interest in the company from 55.74 per cent to 55.94 per cent.
Loh is responsible for the formulation of corporate and business strategies of the company and leads the execution of strategic growth plans of the group.
His preceding acquisition was on Sep 19, with 2,549,8000 shares acquired through the Hong Kong listing at HK$2.24 per share.
Loh has marginally increased his total interest in the property owner, developer, and manager from 55.62 per cent at the end of 2017.
On Nov 1, Centurion Corporation provided a voluntary update of its Q3 2022 results.
The company said that group revenue increased by 26 per cent from S$35.3 million in Q3 2021 to S$44.3 million in Q3 2022.
Together with its subsidiaries, the group owns, develops, and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and purpose-built student accommodation assets in Australia, South Korea, the United Kingdom, and the United States.
For the 9M 2022, Singapore assets contributing 68 per cent of the group&rsquo s revenue, with the UK, Malaysia and Australia assets contributing much of the remaining revenue.
With the results, Centurion Corporation CEO Kong Chee Min highlighted that the group&rsquo s financial performance continued to improve through Q3 2022, as Singapore and the UK enjoyed high occupancies while Malaysia and Australia recovered closer to pre-Covid levels of occupancy.
He added that rental rate reversions have been healthy, supported by strong demand across all markets, cushioning the effects of inflation and rising interest rates.
He also said that the group will continue the strategic review of its assets, assessing opportunities for capital recycling and portfolio expansion.
Centurion halts sale process for US assets citing uncertain market conditions
CENTURION Corporation : OU8 +1.47% on Friday (Nov 11) said the sale process of its US portfolio assets has been halted due to uncertain market conditions and interest rate environment.
The Centurion US Student Housing Fund, which Centurion Corp owns a 28.7 per cent stake in, started the sale process of its US assets in April. The fund&rsquo s trustee and manager are both wholly-owned subsidiaries of the company.
The move follows a strategic review of Centurion Corp&rsquo s accommodation portfolio as part of continuing efforts to rationalise its portfolio of assets.
Centurion said the portfolio of assets held by the fund has high occupancy and healthy rental reversions for the 2022/23 academic year. It expects continued strong market demand for the 2023/24 academic year.
The fund on Thursday obtained approval from its investors for an extension of the term by two years to expire instead on Nov 19, 2024. Centurion Corp previously disclosed it would seek approval for an extension in case the proposed sale did not close by the end of 2022.
Market sentiment is on the weak side of the cycle but have to focus on the fundamental. This company' s PE and Pbv is super solid. It' s in a low-competition industry. Its also naturally growing as countries prefer to move towards a big dormitory system. So many workers are back to SG now and many many more are coming to help with the delayed projects. They all need dormitory, i guess the rental for the dormitory might continue to shot
So many months still remain at $0.3x. Does not seems like brewing.... Lolx
With the pound depreciate so much, many other factors of uncertainties, high interest rates, high inflations, how to brew?
With the pound depreciate so much, many other factors of uncertainties, high interest rates, high inflations, how to brew?
antifragile ( Date: 12-Sep-2022 14:06) Posted:
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Centurion&rsquo s revenue increases by 35% y-o-y to $134.9 mil for 9MFY2022 amid healthy rental rate reversions
For the 9MFY2022 ended September, Centurion Corporation&rsquo s revenue witnessed a 35% increase to $134.9 million from $100.0 million in 9MFY2021.
In its Nov 1 statement, main revenue growth drivers were attributed to strong occupancies in Singapore&rsquo s purpose-built workers accommodation (PBWA) and the purpose-built student accommodations (PBSA) in UK and Australia, along with continued demand recovery in Malaysia in the 3QFY2022.
First, the PBWA segment&rsquo s revenue in Singapore was boosted by contributions from the four quick build dormitories (QBDs), where two commenced operations in the 2HFY2020 and the other two commenced operations in the FY2021.
The average financial occupancy for the group&rsquo s five purpose-built Dormitories (PBDs) was 97% for 9MFY2022 as compared to 84% for 9MFY2021. Including the four QBDs, average financial occupancy for the group&rsquo s nine PBWAs was 97% for the 9MFY2022.
The group&rsquo s management services contracts for two onboard centres also expired, and the group has returned the properties to the government.
Next, the revenue growth from the group&rsquo s PBSA segment continued to outpace the growth in PBWA revenue, rising by 42% from $22.5 million to $31.9 million for the 9MFY2022 as bookings and financial occupancies across the group&rsquo s PBSA assets in the UK and Australia grew steeply in the 3QFY2022 and continued to benefit from the lifting of travel restrictions and a return of international students.
In addition, the group&rsquo s portfolio of eight PBWA assets in Malaysia recorded a financial occupancy of 75% for the 9MFY2022 amid a slower recovery, as employers experienced delays bringing in migrant workers. Centurion however continued to grow its PBWA segment&rsquo s revenue as the migrant workforce gradually returned to pre-Covid-19 levels, driven primarily by strong improvements in financial occupancy at Westlite Bukit Minyak, Penang and Westlite &ndash PKNS Petaling Jaya, Selangor.
The average financial occupancy of the group&rsquo s ten PBSA assets in the UK rose from 68% for 9MFY2021 to 90% for the 9MFY2022. This comes with the group&rsquo s announcement in May of the proposed acquisition of a 103-bed freehold PBSA asset in Nottingham, UK. However, on Oct 28, the company announced that the proposed acquisition was terminated.
Meanwhile, in Australia, the average financial occupancy of the group&rsquo s two PBSA assets increased from 26% for the 9MFY2021 to 68% for the 9MFY2022.
&ldquo We are pleased that the group&rsquo s financial performance has continued to improve through the third quarter of 2022, as Singapore and the UK enjoyed high occupancies while Malaysia and Australia recovered closer to pre-Covid-19 levels of occupancy,&rdquo says Kong Chee Min, CEO of Centurion. &ldquo Rental rate reversions have been healthy, supported by strong demand across all markets, cushioning the effects of inflation and rising interest rates.&rdquo
On Oct 19, Centurion also announced the sale of its 55% stake in its South Korea Operating Company and Property Company, which owns the dwell Dongdaemun PBSA asset. The consideration for the disposal was KRW5.46 billion ($5.4 million) against the aggregated net tangible asset value of Centurion&rsquo s interests in the Korean entities at approximately KRW3.57 billion as at June 30.
The disposal is being carried out as part of an ongoing rationalisation of the Group&rsquo s asset portfolio to align and focus its asset portfolio on countries where the Group bears competitive advantage and is able to expand and scale up its operations.
Completion of the transaction is scheduled on Nov 30.
Additionally, in April, the group announced the commencement of the sale of its US PBSA portfolio, which is held under the Centurion US Student Housing Fund where the fund life is coming to the end of its initial five-year term, with an optional extension of two years. At present, Centurion holds 28.7% of the units in issue and is the manager of the fund and its assets.
Due to the current uncertain market conditions and interest rate environment, in the event that the sale does not close by the end of the fund term, Centurion intends to seek the fund investors&rsquo agreement to extend the fund term by two years. Currently, the US portfolio enjoys high occupancy and healthy rental reversions for the academic year (AY) 2022/2023, and expects continued strong market demand for AY2023/2024.
with loads of student housing properties in the UK what would be the impact of the pound depreciation on the financial statements.
Joelton ( Date: 26-Sep-2022 09:22) Posted:
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Centurion Corporation
On Sep 16, Centurion Corporation : OU8 0% executive director and joint chairman David Kim Kang Loh acquired 2,549,800 shares at HK$2.24 (S$0.41) per share. The company is dual listed on the SGX : S68 -0.63% and HKEX, and the transaction increased his direct interest in the property owner, developer, and manager from 4.78 per cent to 5.08 per cent. Loh also holds a 50 per cent shareholding interest in Centurion Global Ltd, with its wholly-owned subsidiary, Centurion Properties Pte Ltd, maintaining a 50.66 percent interest in the company. This brings Loh&rsquo s total interest in Centurion Corporation to 55.74 per cent. Loh has over 20 years of experience in the investment and brokerage industry. He has been a principal and director of Centurion Global Ltd, a controlling shareholder of the company from April 2008 to present. On 13 Sep, Westlite Accommodation Malaysia, announced plans to increase its purpose-built workers accommodation capacity in Malaysia to cater to the growing needs of multinational companies, small and medium enterprises, and human resource agents in Malaysia. Westlite Accommodation is owned by Centurion Corporation. As a group, Centurion Corporation owns, develops, and manages a strong portfolio of 36 operational specialised accommodation assets globally totalling 65,077 beds as of Jun 30.
Centurion unit to expand Malaysian worker dorm capacity amid recent regulation
WESTLITE Accommodation Malaysia, a Centurion Corp : OU8 -3.66% unit and owner-operator of purpose-built workers accommodation (PBWA), plans to raise the capacity of its dormitories, it announced in a Tuesday (Sep 13) bourse filing.
The move comes after Westlite reconfigured all its Malaysian PBWA assets in December 2021 to comply with a regulatory requirement, passed in July 2019, that requires employers to provide migrant workers accommodation that meets certain minimum standards aligned with the International Labour Organization.
Dubbed &ldquo Act 446&rdquo , the regulation mandated the provision of a bathroom, toilet, bed and mattress, a locked cupboard as well as sufficient space for cooking, resting and eating in worker dormitories. Act 446 became fully enforceable at the end of 2021, after grace periods given by the Malaysian government due to the pandemic.
As a result of the reconfiguration, the bed count of Westlite&rsquo s Malaysian PBWA portfolio has been reduced to 25,099 beds as of end-June, the company disclosed, albeit without specifying the previous number of beds. It has 8 properties across the states of Johor, Penang and Selangor.
Westlite now hopes to grow its PBWA capacity to cater to the growing needs of multinational companies, SMEs and human resource agents in Malaysia. In Q2, it undertook asset enhancement works carried out at the Westlite Tebrau property, adding 688 beds to the portfolio.
&ldquo With more employers including SMEs striving to comply with Act 446, we expect to see a growth in demand for high-quality, thoughtfully constructed and professionally-managed worker accommodations,&rdquo said Centurion CEO Kong Chee Min.
&ldquo This would also benefit the human resource agents who now need to ensure that they are adequately housing the foreign workers whom they bring into Malaysia,&rdquo he added.
Brewing.....
married deals at 390
next week hope to see 50cents
next week hope to see 50cents
yamseng ( Date: 09-Sep-2022 15:46) Posted:
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got chance?
antifragile ( Date: 09-Sep-2022 13:21) Posted:
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Brewing.... Privatisation....
Buy or bye?
Centurion Corporation expects at least 250% increase in H1 net profit
MAINBOARD-LISTED Centurion Corporation said on Monday (Aug 1) that it is expecting a " substantial increase" in net profit for the half year ended Jun 30, 2022.
In a bourse filing, Centurion said the group is expected to record a &ldquo substantial increase&rdquo in the net profit attributable to equity holders of the company for H1 2022 &ldquo by not less than 250 per cent.&rdquo This is as compared to a net profit of S$17.2 million for the year-ago period, it added.
The guidance is based on preliminary assessment of the group&rsquo s unaudited consolidated management accounts for H1 2022.
The increase in net profit is primarily attributable to the recovery in the group&rsquo s operating performance, Centurion said.
The group noted a net fair value gain in H1 2022 as compared with a net fair value loss of approximately S$14.5 million in H1 2021, in relation to its investment properties.
It added that the gain was also mainly due to revenue contributions from the group&rsquo s newly expanded portfolio of purpose-built workers accommodation (PBWA) and accommodation related business, as well as a &ldquo robust&rdquo recovery in occupancy rates in its portfolio of PBWA and purpose-built student accommodation across Singapore, the United Kingdom and Australia.
The group' s unaudited financial results for H1 2022 are expected to be released on the SGX website on Aug 11.
Centurion expects 1HFY2022 earnings to be at least 250% over 1HFY2021
Price 38Bigprofit ( Date: 01-Aug-2022 10:47) Posted:
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Job market continues recovery in Q2 global headwinds such as inflation can dampen demand
Non-residents, particularly in construction and manufacturing, drove the increase as employers in these sectors hired to fill a backlog of vacancies and meet rising demand after border restrictions were eased further since April, said MOM.Nice.
Joelton ( Date: 04-Jul-2022 09:01) Posted:
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Centurion Corporation
On Jun 28, Centurion Corporation : OU8 0%executive director and joint chair David Loh Kim Kang acquired 100,000 shares of the purpose-built accommodation developer and manager at 35.0 cents per share. This took his total interest in company from 55.43 per cent to 55.44 per cent. His preceding acquisitions were between Jun 17 and 23 with 200,000 shares also acquired at 35.0 cents per share, as were the 1,860,400 shares acquired between May 20 and 26.
As reported on May 10, Centurion Corporation&rsquo s group revenue rose to S$45.1 million for Q1 2022, from S$30.7 million for Q1 2021. This was attributed to enlarged portfolio capacity and new business streams in its purpose-built workers accommodation segment across Singapore and Malaysia, as well as a healthy recovery in financial occupancy of its purpose-built student accommodation assets in the UK and Australia. The group owns and manages a strong portfolio of 36 operational accommodation assets totalling approximately 64,389 beds as at Mar 31.
RHB raises Centurion target price to S$0.43 on continued recovery, undemanding valuations
CENTURION Corporation will likely continue to see a rebound in its accommodation business for workers and students, amid a resumption of construction activities as well as a relaxation of Covid-19 restrictions, RHB said.
In a report on Tuesday (Jun 7), RHB analyst Jarick Seet raised his target price on the property manager to S$0.43 from S$0.38, after he increased his FY2022 net profit estimates by 13 per cent to factor in a faster recovery due to loosening Covid-19 restrictions globally.
Seet also said the counter has undemanding valuations, as it trades at just 4.2 times the brokerage&rsquo s estimates for FY2022 earnings and at a 54 per cent discount to its net asset value of S$0.785. He has a &ldquo buy&rdquo call on the stock.
Earlier in May, Centurion said its group revenue rose 47 per cent on year to S$45.1 million in the first quarter ended Mar 31. This was mainly driven by an enlarged portfolio capacity and new business streams in its purpose-built workers&rsquo accommodation segment across Singapore and Malaysia, as well as recovery in the occupancy of its purpose-built student accommodations in the UK and Australia.
Seet expects the demand for dormitories in Singapore will continue to increase as construction activities resume and the demand for workers surge. Rental rates will likely also remain resilient in 2022.
He also expects Centurion&rsquo s student accommodation business will rebound strongly as it rides on the improvement in occupancy in the UK, Australia, the US, and South Korea.
Centurion Corporation
Between May 20 and 25, Centurion Corporation : OU8 +1.43% executive director and joint chairman David Loh Kim Kang acquired 1,831,300 shares of the purpose-built accommodation developer and manager for a consideration of S$640,955.
At 35.0 cents per share, this took his total interest in from 55.18 per cent to 55.40 per cent.
Loh&rsquo s preceding acquisition was in October 2020 with 200,000 shares acquired at 33.5 cents per share. He is responsible for the formulation of corporate and business strategies of the company and leads the execution of strategic growth plans of the group.
He has over 20 years of experience in the investment and brokerage industry and has been a principal and director of Centurion Global Ltd, a controlling shareholder of the company from April 2008 to the present.
On May 10, Centurion provided a business update, highlighting a 47 per cent year-on-year increase in Q1 2022 revenue.
This was attributed to higher contributions mainly from new purpose-built worker accommodation (PBWA) capacity and revenue streams, improved performance in Singapore PBWA accommodation assets, and recovery of occupancies in the UK and Australia purpose-built student accommodation portfolio.
These higher contributions were partly offset by the cessation of operations of dwell Selegie and the conclusion of management contracst for 2 factory-converted workers dormitories in Singapore.
Looking ahead, the company noted that as economies recover from Covid-19, and international travel resuming, populations of migrant workers and international students continue to expand across the geographies where Centurion operates.