Dormitory operator Centurion Corporation, looks “stable so far”, PhillipCapital analyst Timothy Ang notes in a non-rated August 18 report. 

His comments follow the company’s stable gearing ratio – the measure of its financial leverage – of 54.1% in 1H2020, compared to 54.5% it was at in 4Q19 ended December. 

The improvement in the metric indicates that Centurion is better levered or geared despite the current bleak economic outlook. 

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