purpose built workers’ accommodation (PBWA)

The company intends to expand its core business to include owning, developing and managing PBWAs and other similar assets.

The group will then enter into lease agreements with Malaysia's public pension fund KWAP to leaseback the properties for 15 years.

Specialised accommodation operator Centurion Corp prides itself in offering residents more than a roof and four walls.

“3Q2FY20 continues to show impact from COVID-19 on Centurion’s portfolio,” says CEO Kong Chee Min.

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

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

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

"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

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.

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