Post Reply
581-600 of 882
Reits has no equity right? Most will be distributed out
The gearing quite confusing. Realized that its different formula from what the REITs normally use. This one is debt/equity while REITs is debt/assets. in that case gearing actually not as scary i think
Ya... saw ninja buying yesterday.....
machop ( Date: 09-Jan-2020 09:42) Posted:
Centurion Corp started at ' add' by CGS-CIMB on strong growth potential
Samantha Chiew 8/01/2020, 3:44pm
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 &ldquo add&rdquo 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, &ldquo 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.&rdquo
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.
&ldquo 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,&rdquo says Seow.
Meanwhile, Centurion&rsquo 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&rsquo 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.
&ldquo At its current price, we estimate CENT offers 39% upside potential with a FY20F dividend yield of 5.4%,&rdquo 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
Samantha Chiew 8/01/2020, 3:44pm
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 &ldquo add&rdquo 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, &ldquo 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.&rdquo
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.
&ldquo 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,&rdquo says Seow.
Meanwhile, Centurion&rsquo 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&rsquo 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.
&ldquo At its current price, we estimate CENT offers 39% upside potential with a FY20F dividend yield of 5.4%,&rdquo says Seow.
As at 3.40pm, shares in Centurion are trading 3.41% higher at 46 cents.
I will not be surprised if this coy is the target of acquistion.
Centurion to acquire its 2nd student dorm in Nottingham for £ 15.1m
MON, DEC 09, 2019 - 8:47 AM
DORMITORY developer Centurion Corp has agreed to buy a 177-bed student accommodation asset in the British city of Nottingham for £ 15.1 million (about S$26.98 million).
The asset, dwell Archer House - located at 14-22 Castle Gate, is in the city centre and near the University of Nottingham and Nottingham Trent University. It is also within walking distance to dwell Castle Gate Haus, Centurion' s first purpose-built student accommodation asset in Nottingham.
The accommodation, which Centurion will manage under its dwell brand, comprises 93 studios and 84 en-suite rooms. dwell Archer House completed construction in late September 2018. According to the company, it had achieved 100 per cent occupancy over the course of 2019, and continues to enjoy full occupancy for the current academic year 2019/20.
The purchase price took into account a £ 15.15 million valuation by Cushman and Wakefield UK conducted on Dec 5, 2019.
Completion of the deal is slated for December this year. If completed,
the acquisition will increase Centurion' s total student and workers accommodation portfolio to 33 assets globally, and its number of beds under management to about 65,133. Within the UK, Centurion will operate about 2,852 beds across 11 student accommodation assets, in five cities.
https://www.businesstimes.com.sg/companies-markets/centurion-to-acquire-its-2nd-student-dorm-in-nottingham-for-£ 151m
@mustang How did u get 4.5x P/E?
Not sure if my calculations were wrong, because when I did it i got about 10.3x.
9M19 EPS: 3.2 cents (disclosed in 9M19 results excl. one-offs)
Annualized EPS: 4.267 cents
P/E = 44c/4.267 = 10.3x
mustang ( Date: 18-Nov-2019 13:55) Posted:
| Came across this Coy from its latest financial results last week. I tot it has a very impressive set of results, but the stock price hardly move. And this is a very quiet room here. Hidden gem??? Pretty solid FA i tot. PE 4.5 and dividend yield of 4.76%. |
|
Quietly moving up...watching...
Came across this Coy from its latest financial results last week. I tot it has a very impressive set of results, but the stock price hardly move. And this is a very quiet room here. Hidden gem??? Pretty solid FA i tot. PE 4.5 and dividend yield of 4.76%.
This one has the potential of liating their dorm and accomdationa as reit once it reaches a sizeable portofolio
if the director can buy sentosa bungalow , then the money must be good
Centurion reports Increased profits. Truly the true centurion of workers/strudents accommodation.
Very impressive peoperties portfolio and still growing.
A growing stable dividend stock that our famous dividend investor AK71 of ASSI invests in.
Workers Accom
SG 4+1
Msia 7+2
Student Accom
SG 1
Aust 2
UK 10
USA 6
SK 1
Centurion is the big brother in sg dormitory sector.
now into student hostel and malaysia workes dormitory.
Yearly div around 4%
Wow, Centurion' s Director so rich despite it' s stock price in the doldrums......................
Copper-cladded Sentosa Cove bungalow sold for S$32 million
Centurion director David Loh sells property to Taiwanese tycoon property has a wine cellar and a 10,000 sq ft roof terrace
SAT, MAY 18, 2019 - 5:50 AM
A Seafront bungalow in Cove Drive on Sentosa, dubbed the Copper House, changed hands last month for S$32 million. Covering an area of 18,053 sqft, this translates to S$1,773 psf. The property with a 99-year lease tenure &ndash which commenced in Nov 2006 &ndash offers views of the Southern Islands. Two adjacent plots of land of about 9,000 sqft each were combined to form an amalgamated site. There are only a few such plots in Sentosa Cove. The seller is Singaporean David Loh, a director with SGX listed-Centurion Corp, while the property was sold to Taiwanese citizen and Singapore PR Hsu Chen. It is unclear whether the buyer is Taiwanese billionaire Hsu Chen, who shares the same name and co-founded candy maker Hsu Fu Chi group.
Nice uturn fr bottom.
See how this mini ew goes
ew w0 395 w1 420 w2 400 w3?
w1 25
w2 20
w3 40 tgt 440
- px hit 450 delta 50 up 200%
w4 20 tgt 430
w5 40 tgt 460
Above all MAs...........
Starship ( Date: 02-May-2019 09:26) Posted:
Centurion gets conditional OK for workers' dorm and training centre at Westlite Toh Guan
WED, MAY 01, 2019 - 5:54 PM
CENTURION Corp has obtained conditional permission to reconstruct an existing block at Westlite Toh Guan, and the workers and students accommodation developer will seek to extend the existing lease on the project by 25 years.
In a filing to the Singapore Exchange on Tuesday, Centurion said it had received outline permission from the Urban Redevelopment Authority (URA) to reconstruct an existing block at Westlite Toh Guan to an eight-storey workers dormitory and industrial training centre.
The outline permission from URA is subject to certain conditions. This includes approvals from various government authorities and the payment of a development premium to be agreed with the Singapore Land Authority.
Following approval from government authorities, Centurion will submit the formal application to URA for a written permission and seek approval from SLA for an extension of the use of the existing lease at Westlite Toh Guan for workers dormitories from September 2032 to November 2057.
The group said on Tuesday that the development of the new workers dormitory and industrial training centre, if approved and completed, will not change the current bed capacity at Westlite Toh Guan.
https://www.businesstimes.com.sg/companies-markets/centurion-gets-conditional-ok-for-workers-dorm-and-training-centre-at-westlite-toh
|
|
Centurion gets conditional OK for workers' dorm and training centre at Westlite Toh Guan
WED, MAY 01, 2019 - 5:54 PM
CENTURION Corp has obtained conditional permission to reconstruct an existing block at Westlite Toh Guan, and the workers and students accommodation developer will seek to extend the existing lease on the project by 25 years.
In a filing to the Singapore Exchange on Tuesday, Centurion said it had received outline permission from the Urban Redevelopment Authority (URA) to reconstruct an existing block at Westlite Toh Guan to an eight-storey workers dormitory and industrial training centre.
The outline permission from URA is subject to certain conditions. This includes approvals from various government authorities and the payment of a development premium to be agreed with the Singapore Land Authority.
Following approval from government authorities, Centurion will submit the formal application to URA for a written permission and seek approval from SLA for an extension of the use of the existing lease at Westlite Toh Guan for workers dormitories from September 2032 to November 2057.
The group said on Tuesday that the development of the new workers dormitory and industrial training centre, if approved and completed, will not change the current bed capacity at Westlite Toh Guan.
https://www.businesstimes.com.sg/companies-markets/centurion-gets-conditional-ok-for-workers-dorm-and-training-centre-at-westlite-toh
AVOID.
BBS are the ones who brought a lot of lousy S Chips here.
Dangerous BBS.
CENTURION CORP POSTS STRONG PROFIT GROWTH IN FY 2018 ON BACK OF RISING VALUES IN UK STUDENT ASSETS
Strong performance from workers and student accommodation assets in Malaysia and the United Kingdom offset lower revenue due to Westlite Tuas lease expiry in Singapore
Gross profit margin 73% and 72% in 4Q 2018 and FY 2018 respectively, an increase of 5 and 3 percentage points year-on-year
Stable operating performance attests to resilience of the Group&rsquo s business as well as its efforts to expand and diversify its portfolio
The Board has recommended a final dividend of 1.0 Singapore cent per share, bringing total dividend payout for FY 2018 to 2.0 Singapore cents per share
Centurion posted S$84.2 million in net profit after tax (&ldquo net profit&rdquo ) for FY 2018, which was 124% higher year-on-year from S$37.6 million for FY 2017. In 4Q 2018, the Group registered S$54.0 million in net profit, an increase of S$47.0 million compared to that of 4Q 2017. The net profit growth came on the back of S$48.6 million in net fair valuation gains recorded by the Group during the quarter, mainly derived from the Group&rsquo s student accommodation in the United Kingdom (&ldquo UK&rdquo ), which continued to achieve high occupancy, consistent earnings and rental growth. Despite uncertainties surrounding Brexit, a positive outlook for UK purpose-built student accommodation asset (&ldquo PBSA&rdquo ) over the longer term and a strong market appetite to deploy capital in the sector has led to higher yield compression in 2018.
https://links.sgx.com/FileOpen/CCL-4Q-FY2018%20Results-Press%20Release_ENG-20190228.ashx?App=Announcement& FileID=545691
A quality company with visionary and ethical management team that real investors should invest in......................
SUNSEAP AND CENTURION CORPORATION INK 20-YEAR SOLAR POWER AGREEMENT
Centurion&rsquo s workers dormitory will implement energy-saving solar power system by end-June 2019
New solar system to minimise carbon footprint and lower cost of operations
Singapore, 25 February 2019 &ndash
Centurion Corporation Limited (Centurion), which owns, develops and manages quality specialised accommodation assets globally, and Sunseap Group Pte Ltd have signed a 20-year solar power purchase agreement for a workers dormitory in Singapore.
Located at Jalan Papan and built by developer Centurion-Lian Beng (Papan) Pte Ltd, the dormitory, ASPRI-Westlite Papan, is a joint-venture between Centurion and Lian Beng Group.
The solar photovoltaic system to be installed by Sunseap will help the dormitory to reduce its carbon footprint by a third. Sunseap will construct and install a 170 kilowatt peak solar system on the rooftop of the property. The solar photovoltaic system is expected to be ready by end-June 2019.
Once completed, it will generate about 220,000 kilowatt hours of energy annually and offset 30% of ASPRI-Westlite Papan&rsquo s peak energy usage. The property will reduce its carbon footprint by 92 tons annually, equivalent to planting over 2,300 trees.
In addition, the solar photovoltaic system will also lower the cost of operations by about $200,000 over the next 20 years.
http://infopub.sgx.com/FileOpen/CCL-Joint%20Press%20Release%20with%20Sunseap-2019%2002%2025.ashx?App=Announcement& FileID=544739
