Centurion Corp ( former SM Summit )

[behappyalways]

1st half result is out

https://links.sgx.com/1.0.0/corporate-a ... 04bcfbd04c


Earnings per share of 14.06 cents Vs 4.56 cents a year ago. Without the valuation gain, core earnings was 5.77 cents Vs 3.93 cents a year ago. Nta of $1.12.

Interim dividend of 1.5 cents Vs 1 cents a year ago.

[behappyalways]

Page 17.... Demand is underserved by supply of purpose-built, professionally managed dormitory beds


Page 20... Positive rental rate revisions continue, at a moderated pace.

https://links.sgx.com/1.0.0/corporate-a ... 6cd4f51ec7

[behappyalways]

Its average rental rate per bed is $450-500/bed
Vs some rates at $600/bed, this implying some scope for positive rental reversions in the next 12-18 months

https://sginvestors.io/analysts/researc ... 2024-08-20

[behappyalways]

Leadership takes Centurion from small-cap to mid-cap at the Singapore Corporate Awards
https://www.businesstimes.com.sg/events ... e=linkedin

[behappyalways]

This company has good potential....the management has good foresight and plans ahead....look like they can continue to grow their earnings....

https://links.sgx.com/1.0.0/corporate-a ... 8e3d0c7988

[behappyalways]

Did a posting in valuebuddies

https://www.valuebuddies.com/thread-387 ... #pid172267

[behappyalways]

Centurion.....you can watch at 11:00, 17:00 and 22:40
https://www.mingtiandi.com/video/centur ... ng-sector/

[behappyalways]

Not sure the sale just involves Avery Lodge or includes all the dormitories that it owned in Singapore. Centurion size is much bigger. When more details are out, one can work back and have a rough estimate of centurion's Singapore portfolio



Bain said to near deal to acquire Blackstone’s Avery Lodge
https://investideas.net/forum/posting.p ... =46&t=4169

[behappyalways]

3q revenue is out. Interest cover ratio is 4.5. One can work back the result if assuming interest expenses is stable.


https://www.poems.com.sg/stock-research/CET.SG/


https://www.theedgesingapore.com/capita ... n-22-y-o-y


More construction coming along in Singapore. One can make a bet on the dorm guy, construction guy or basic materials....


Resorts World Sentosa’s S$6.8 billion waterfront expansion to open in 2030
https://www.businesstimes.com.sg/proper ... -open-2030

[behappyalways]

Since the company is trying to be asset light, the company should reconsider doing a reit or a student accommodation reit while keeping the workers dormitory segment

Centurion Corp puts REIT IPO plan on hold
https://theedgemalaysia.com/article/cen ... -plan-hold


CDLHT to acquire first PBSA asset in the UK for GBP37.3 mil
https://www.theedgesingapore.com/news/r ... gbp373-mil