purpose built workers’ accommodation (PBWA)

Billion Dollar Club 2020

Accommodation for workers and students more than just a roof and four walls for Centurion Corp

Specialised accommodation operator Centurion Corp prides itself in offering residents more than a roof and four walls.
Covid-19 bug lingers in Centurion as revenue slips by 11% in 3Q2020 - THE EDGE SINGAPORE

Results

Covid-19 bug lingers in Centurion as revenue slips by 11% in 3Q2020

“3Q2FY20 continues to show impact from COVID-19 on Centurion’s portfolio,” says CEO Kong Chee Min.
Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian

UOB Kay Hian initiates a buy call on Centurion Corp, at a target price of 44 cents. This gives it a 30.7% upside.

Broker's Calls

DBS maintains a neutral stance on Centurion despite 'decent' 1H2020 earnings, lowers TP

DBS Research Group is maintaining its ‘hold’ call on dormitory operator Centurion Corp, at a revised target price of 39 cents. 

Results

Centurion reels from Covid-19 as earnings dip 10% from costs to manage infection spread

As at June 30, cash and cash equivalents stood at $63.8 million, up from the $50.3 million it was at in the corresponding year before. No final dividend has been declared for 1H2020, compared to the 1.0 cents disbursed previously, as the group looks to

Covid-19

Singapore prepares to ease circuit breaker measures, but PM Lee cautions the pandemic is 'a marathon, not a sprint'

"If we all do this, then life can go on more or less normally after the circuit breaker. We don’t want Covid-19 cases to spike up again and be forced to tighten once more,” said PM Lee

Broker's Calls

Centurion's battles with Covid-19 gets a 'neutral' call from DBS

DBS Research Group is maintaining its ‘hold’ call on dormitory operatory Centurion Corp, but at a revised target price of 42 cents. This is up 1 cent from its previous 41 cent call, analyst Ling Lee Keng says in a May 18 note.

Results

Dorm operator Centurion braces for slower earnings despite 13% increase in 1Q20 revenue

While the numbers are looking up, Centurion has flagged concerns of rising operating costs amid the Covid-19 pandemic.

Covid-19

Covid-19 infections among migrant workers expected to remain high amid aggressive testing

“Our aim is to make sure that as far as possible, all migrant workers are free of infection before resuming work when the sectors gradually reopen,” said Health Minister Gan Kim Yong
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