Centurion Corp ( former SM Summit )

[behappyalways]

Sold my last batch of Centurion today. Thanks for the good run...

kind of Peter Lynch type of play....

9 months ago I was reading the straits times and I came across this article...

https://www.straitstimes.com/opinion/fo ... rm-rentals

The 'complaint' enticed me to look at this company and the financials and prospects resulted in me 'swinging my bat at it'

Looking at its FY2022, the PE and price over net operating cash flow then are less than 5. The company will continue to grow as it continues to adjust its rentals. From what I read, the company is charging much lower than what is stated in the straits times forum. Hence room for increased rentals.

Fy2022 result
https://links.sgx.com/1.0.0/corporate-a ... d11a3ec090

The negative I can think of is their huge debt level. They are still piling on debts as they are confident of higher demand. Hence building more dormitories.

Their 1h2023 result
https://links.sgx.com/1.0.0/corporate-a ... 1247752994

For fy2022, they gave a total dividend of 1.5 cents of which 0.5 cents was the interim dividend.

For 1h2023, the company increased the interim dividend to 1 cents.

I expect them to give a higher dividend for 2h2023 (1 cents for fy2022).

Hence total dividend expected for fy2023 should be at least 2.5 cents ( 1 cents for 1h2023, 1.5 cents for 2h2023), about 6% yield.

The company should continue to do well till 2025/2026. There's still a lot of construction going on to make up for the COVID break.

Policy will drive more demand
https://m.youtube.com/watch?v=UwmLTdDIMYk


Anyway the result will be out tomorrow...
https://links.sgx.com/1.0.0/corporate-a ... bc050da3ff

[behappyalways]

Centurion announces new REIT’s name; announces entry into letter agreements for REIT listing
https://www.theedgesingapore.com/news/i ... it-listing

[behappyalways]

Centurion reports 38% y-o-y decline in 1HFY2025 earnings; excluding one-off fair value adjustments, NPAT up 22% y-o-y
https://www.theedgesingapore.com/capita ... fair-value

[behappyalways]

Centurion Corporation acquires Johor-based dormitory operator for $33.2 mil
https://www.theedgesingapore.com/news/m ... or-332-mil