Centurion Corporation


Centurion posts 15% lower 1Q earnings of $9.1 mil on lower revenue

SINGAPORE (May 9): Centurion Corp reported a 15% fall in 1Q earnings to $9.1 million from $10.7 million a year ago due to lower revenue. 

Broker's Calls

Centurion could receive a blow from dormitory decline

SINGAPORE (Mar 1): RHB Research says Centurion Corporation’s FY18 earnings could receive a blow due to the absence of contribution from Westlite Tuas as well as lower capacity at its Toh Guan facility.


Centurion Corp's public tranche of HK dual listing 18.76 times subscribed

SINGAPORE (Dec 11): Centurion Corporation, the owner-operator of accommodation for workers and students, announced that the public tranche of its share offering on the Stock Exchange of Hong Kong (SEHK) was about 18.76 times subscribed while placement por

Broker's Calls

Centurion Corp kept on ‘hold’ on uncertain outcome of Westlite Tuas’ lease renewal

SINGAPORE (Aug 11): Maybank Kim Eng is maintaining its “hold” call on Centurion Corp as its Westlite Tuas’ lease extension will end next January and failure to renew the lease can significantly dray the group’s EPS.


Centurion posts 72% rise in 2Q earnings to $14.5 mil

SINGAPORE (Aug 7): Centurion Corporation, which owns, develops and manages accommodation assets, has recorded a 72% rise in 2Q17 earnings to $14.5 million from a year ago.


Centurion acquiring 5 US varsity dorms for $187 mil; to take up to 30% stake in portfolio

SINGAPORE (July 24): Centurion Corporation is planning to acquire a portfolio of 1,936 beds in five student accommodation assets in US for a consideration of US$136 million ($187 million).


Centurion starts building of $31 mil new wing at RMIT Village

SINGAPORE (May 30): Centurion Corporation has launched an asset enhancement programme for the development of a new wing at RMIT Village, its first student accommodation asset in Melbourne, Australia.


Centurion posts 15% growth in 1Q earnings to $10.7 mil on higher revenue

SINGAPORE (May 9): Centurion Corporation reported earnings of $10.7 million for the 1Q ended March, 15% up from the $9.4 million of earnings posted a year ago on higher revenue.

In print this week

A study of Centurion’s business expansion

SINGAPORE (April 28): As GIC and Temasek Holdings make headlines for increasing their investments in international student accommodation, one local company has been steadily assembling its own student housing portfolio.

Centurion to develop 280-bed students dorm in Adelaide

SINGAPORE (March 30): Centurion Corporation is developing a new 280-bed student accommodation in Adelaide, Australia.