The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Under the Radar: Centurion Corporation on its 16% yoy increase in earnings for H1 FY2023; On financial occupancy for purpose built accommodation; Shortage of worker dorms in Singapore; Disposal of property in Seoul; Withdrawal of HKSE listing
Purpose built workers and student accommodation – that’s what we’re going to talk about on the segment today.
Headquartered in Singapore, our guest Centurion Corporation owns, develops and manages quality specialised accommodation assets.
This includes Purpose Built Worker Accommodation in Singapore and Malaysia, and Purpose Built Student Accommodation across Australia, South Korea, the UK and the US.
As at the end of March last year, the firm offers a home-away from home to more than 64,000 (64,300) residents across 17 worker accommodation and 19 student accommodation.
But what is the number like right now given that the company reported their financial results not too long ago?
The SGX-listed firm is also withdrawing its secondary share listing on the Hong Kong Stock Exchanges for what it all “reasons of cost and utility”, but what will the withdrawal mean for the firm financially?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to David Phey, Head of Investor Relations at Centurion Corporation.
