Added to YB: 2024-09-16
Pitch date: 2024-09-13
OU8.SI [bullish]
Centurion Corporation Limited
+85.57%
current return
Author Info
Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their newsletter.
Company Info
Centurion Corporation Limited, an investment holding company, owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.
Market Cap
SGD 601.2M
Pitch Price
SGD 0.70
Price Target
N/A
Dividend
4.20%
EV/EBITDA
6.85
P/E
2.58
EV/Sales
4.66
Sector
Real Estate Management and Development
Category
value
Buying Centurion: benefiting from better worker accommodation
OU8.SI: Niche real estate co. focused on worker/student housing. Strong H1 2024 performance, revenue up from more beds & higher rents. Trading at 0.70 vs 1.12 NAV. 5.77c H1 EPS, 5% div yield expected. Conservative property valuations. Risks: cyclical, China expansion. 34% leverage. Management aligned with shareholders.
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