Blog Post  Centurion Corporation Investing Thesis Part I

Christmas present for readers of SG TTI: I’m sharing my work on Centurion. :)

This is a company I’ve researched on for the past 8 mths, and although I’m optimistic about the longer term prospects of Centurion Corp, I currently do not own any position in the company.


The business model of Centurion is easy to understand: It is primarily a foreign worker dormitory operator (the industry lingo is “Purpose Built Workers’ Accommodation or PBWA), and in recent years, has expanded to manage student accommodations. It also owns as yet, un-utilised plots of land in Malaysia, Australia & Indonesia, which will eventually be developed into “short stay accommodation” if they could get the rezoning approved (Australia) & more workers’ dorm (Indonesia & Malaysia)

PBWA doesn’t just include dormitories. It can include factories or industrial properties that have been modified ...

Read the full post on thumbtackinvestor



138 days ago


130 times


138 days ago



Your Reply

Please login to post