Recent Insider Transactions • Jun 12
Executive Joint Chairman of the Board recently bought S$705k worth of stock On the 8th of June, Kim Kang Loh bought around 500k shares on-market at roughly S$1.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$737k. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$4.1m worth in shares. Recent Insider Transactions • May 21
Joint Chairman of the Board recently bought S$362k worth of stock On the 18th of May, Seng Juan Han bought around 248k shares on-market at roughly S$1.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$921k. Seng Juan has been a buyer over the last 12 months, purchasing a net total of S$6.5m worth in shares. Buy Or Sell Opportunity • May 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to S$1.46. The fair value is estimated to be S$1.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 2.2% per annum over the same time period. Upcoming Dividend • May 08
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Singaporean dividend payers (5.0%). Lower than average of industry peers (3.2%). Buy Or Sell Opportunity • Apr 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to S$1.63. The fair value is estimated to be S$1.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are forecast to decline by 3.9% per annum over the same time period. Reported Earnings • Apr 11
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: S$0.14 (down from S$0.41 in FY 2024). Revenue: S$335.5m (down 1.2% from FY 2024). Net income: S$114.8m (down 67% from FY 2024). Profit margin: 34% (down from 101% in FY 2024). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to S$1.67. The fair value is estimated to be S$1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are forecast to decline by 3.9% per annum over the same time period. Declared Dividend • Apr 08
Final dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 15th May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Recent Insider Transactions • Apr 07
Joint Chairman of the Board recently bought S$337k worth of stock On the 1st of April, Seng Juan Han bought around 228k shares on-market at roughly S$1.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$921k. Seng Juan has been a buyer over the last 12 months, purchasing a net total of S$6.0m worth in shares. Announcement • Apr 06
Centurion Corporation Limited, Annual General Meeting, Apr 28, 2026 Centurion Corporation Limited, Annual General Meeting, Apr 28, 2026, at 14:00 Singapore Standard Time. Location: suntec singapore convention & exhibition centre, 1 raffles boulevard, suntec city, level 3, meeting room 331, singapore 039593, Singapore Announcement • Mar 10
Centurion Corporation Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Centurion Corporation Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Recent Insider Transactions • Mar 05
Executive Joint Chairman of the Board recently bought S$921k worth of stock On the 27th of February, Kim Kang Loh bought around 592k shares on-market at roughly S$1.56 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$1.9m worth in shares. New Risk • Mar 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 38% Last year net profit margin: 102% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (38% net profit margin). Announcement • Feb 11
Centurion Corporation Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 Centurion Corporation Limited announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 Recent Insider Transactions • Dec 13
Joint Chairman of the Board recently bought S$259k worth of stock On the 10th of December, Seng Juan Han bought around 200k shares on-market at roughly S$1.29 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$422k. Seng Juan has been a buyer over the last 12 months, purchasing a net total of S$1.7m worth in shares. Recent Insider Transactions • Oct 23
Joint Chairman of the Board recently bought S$422k worth of stock On the 17th of October, Seng Juan Han bought around 300k shares on-market at roughly S$1.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Seng Juan has been a buyer over the last 12 months, purchasing a net total of S$1.4m worth in shares. Recent Insider Transactions • Oct 02
Joint Chairman of the Board recently bought S$291k worth of stock On the 29th of September, Seng Juan Han bought around 200k shares on-market at roughly S$1.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Seng Juan has been a buyer over the last 12 months, purchasing a net total of S$877k worth in shares. Upcoming Dividend • Aug 29
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Singaporean dividend payers (5.5%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 12
First half 2025 earnings released: EPS: S$0.088 (vs S$0.14 in 1H 2024) First half 2025 results: EPS: S$0.088 (down from S$0.14 in 1H 2024). Revenue: S$168.5m (up 13% from 1H 2024). Net income: S$73.9m (down 38% from 1H 2024). Profit margin: 44% (down from 79% in 1H 2024). Revenue is forecast to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 10
First half dividend increased to S$0.02 Dividend of S$0.02 is 33% higher than last year. Ex-date: 5th September 2025 Payment date: 25th September 2025 Dividend yield will be 2.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 72% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Announcement • Jul 23
Centurion Corporation Limited to Report First Half, 2025 Results on Aug 07, 2025 Centurion Corporation Limited announced that they will report first half, 2025 results on Aug 07, 2025 Price Target Changed • Jul 22
Price target increased by 11% to S$1.66 Up from S$1.49, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of S$1.68. Stock is up 167% over the past year. The company is forecast to post earnings per share of S$0.13 for next year compared to S$0.41 last year. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 40% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks High level of debt (43% net debt to equity). Large one-off items impacting financial results. Price Target Changed • May 21
Price target increased by 8.7% to S$1.44 Up from S$1.33, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of S$1.32. Stock is up 149% over the past year. The company is forecast to post earnings per share of S$0.13 for next year compared to S$0.41 last year. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: S$0.41 (up from S$0.18 in FY 2023). Revenue: S$339.7m (up 45% from FY 2023). Net income: S$344.8m (up 125% from FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 175%. Revenue is forecast to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 30
Price target increased by 11% to S$1.14 Up from S$1.03, the current price target is an average from 6 analysts. New target price is 8.7% below last closing price of S$1.25. Stock is up 194% over the past year. The company is forecast to post earnings per share of S$0.13 for next year compared to S$0.41 last year. Recent Insider Transactions • Mar 28
Executive Joint Chairman of the Board recently bought S$119k worth of stock On the 27th of March, Kim Kang Loh bought around 100k shares on-market at roughly S$1.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$586k. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$648k worth in shares. Major Estimate Revision • Mar 06
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from S$269.5m to S$300.0m. EPS estimate unchanged from S$0.13 at last update. Real Estate industry in Singapore expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at S$1.01. Share price rose 5.9% to S$1.08 over the past week. Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: S$0.41 (up from S$0.18 in FY 2023). Revenue: S$255.4m (up 8.8% from FY 2023). Net income: S$344.8m (up 125% from FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 175%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 01
Joint Chairman of the Board recently bought S$586k worth of stock On the 27th of February, Seng Juan Han bought around 600k shares on-market at roughly S$0.98 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Seng Juan's only on-market trade for the last 12 months. Declared Dividend • Feb 28
First half dividend increased to S$0.02 Dividend of S$0.02 is 33% higher than last year. Ex-date: 7th May 2025 Payment date: 26th May 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 60% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Announcement • Feb 26
Centurion Corporation Limited, Annual General Meeting, Apr 28, 2025 Centurion Corporation Limited, Annual General Meeting, Apr 28, 2025. Announcement • Feb 17
Centurion Corporation Limited Provides Unaudited Consolidated Earnings Guidance for the Full Year Ended 31 December 2024 Centurion Corporation Limited provided unaudited consolidated earnings guidance for the full year ended 31 December 2024. For the year,the Group is expected to report a substantial increase in the consolidated profit attributable to equity holders of the Company for FY2024 as compared to FY2023. Such an increase is mainly attributable to net fair value gain on the Group's investment properties and the investment mproperties of the associated companies expected to be recognised in FY2024. Announcement • Feb 11
Centurion Corporation Limited to Report Fiscal Year 2024 Results on Feb 26, 2025 Centurion Corporation Limited announced that they will report fiscal year 2024 results After-Market on Feb 26, 2025 Price Target Changed • Feb 03
Price target increased by 7.5% to S$1.03 Up from S$0.96, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of S$0.99. Stock is up 157% over the past year. The company is forecast to post earnings per share of S$0.15 for next year compared to S$0.18 last year. Recent Insider Transactions • Jan 17
Executive Joint Chairman of the Board recently bought S$193k worth of stock On the 15th of January, Kim Kang Loh bought around 200k shares on-market at roughly S$0.97 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$1.1m worth in shares. Major Estimate Revision • Nov 27
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from S$0.167 to S$0.149 per share. Revenue forecast steady at S$246.8m. Net income forecast to shrink 46% next year vs 0.5% decline forecast for Real Estate industry in Singapore. Consensus price target up from S$0.96 to S$1.01. Share price was steady at S$0.97 over the past week. Recent Insider Transactions • Sep 18
Executive Joint Chairman of the Board recently bought S$222k worth of stock On the 17th of September, Kim Kang Loh bought around 300k shares on-market at roughly S$0.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$867k worth in shares. Announcement • Sep 06
Kumpulan Wang Persaraan completed the acquisition of Westlite Bukit Minyak and Westlite Tampoi from Centurion Corporation Limited (SGX:OU8) for approximately MYR 230 million. Kumpulan Wang Persaraan entered into sale and leaseback agreement to acquire Westlite Bukit Minyak and Westlite Tampoi from Centurion Corporation Limited (SGX:OU8) for approximately MYR 230 million on December 4, 2023.
Kumpulan Wang Persaraan completed the acquisition of Westlite Bukit Minyak and Westlite Tampoi from Centurion Corporation Limited (SGX:OU8) on September 5, 2024. On September 5, 2024, Westlite Dormitory (Tampoi) Sdn. Bhd. entered into the lease agreement wherein Kumpulan Wang Persaraan will leaseback Westlite Tampoi to Westlite Dormitory (Tampoi) Sdn. Bhd., for a period of 15 years from 5 September 2024 to 4 September 2039. Price Target Changed • Sep 03
Price target increased by 10% to S$0.75 Up from S$0.68, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of S$0.72. Stock is up 73% over the past year. The company is forecast to post earnings per share of S$0.18 for next year compared to S$0.18 last year. Upcoming Dividend • Aug 30
Upcoming dividend of S$0.015 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Singaporean dividend payers (6.2%). In line with average of industry peers (4.2%). Major Estimate Revision • Aug 22
Consensus EPS estimates increase by 48% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from S$232.0m to S$237.3m. EPS estimate increased from S$0.093 to S$0.139 per share. Net income forecast to shrink 52% next year vs 17% growth forecast for Real Estate industry in Singapore . Consensus price target up from S$0.68 to S$0.72. Share price rose 2.3% to S$0.67 over the past week. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: S$0.14 (vs S$0.046 in 1H 2023) First half 2024 results: EPS: S$0.14 (up from S$0.046 in 1H 2023). Revenue: S$149.5m (up 46% from 1H 2023). Net income: S$118.2m (up 209% from 1H 2023). Profit margin: 79% (up from 38% in 1H 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 14
First half dividend increased to S$0.015 Dividend of S$0.015 is 50% higher than last year. Ex-date: 6th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.5%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Jul 06
Chief Executive Officer recently bought S$68k worth of stock On the 4th of July, Chee Min Kong bought around 115k shares on-market at roughly S$0.59 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$114k. Chee Min has been a buyer over the last 12 months, purchasing a net total of S$153k worth in shares. Recent Insider Transactions • Jun 06
Executive Joint Chairman of the Board recently bought S$114k worth of stock On the 3rd of June, Kim Kang Loh bought around 215k shares on-market at roughly S$0.53 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$645k worth in shares. Price Target Changed • May 22
Price target increased by 9.7% to S$0.68 Up from S$0.62, the current price target is an average from 3 analysts. New target price is 28% above last closing price of S$0.53. Stock is up 56% over the past year. The company is forecast to post earnings per share of S$0.093 for next year compared to S$0.18 last year. Upcoming Dividend • May 02
Upcoming dividend of S$0.015 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Singaporean dividend payers (6.2%). Higher than average of industry peers (4.3%). Recent Insider Transactions • Mar 05
Insider recently bought S$531k worth of stock On the 29th of February, Kim Kang Loh bought around 1m shares on-market at roughly S$0.43 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$562k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: S$0.18 (vs S$0.085 in FY 2022) Full year 2023 results: EPS: S$0.18 (up from S$0.085 in FY 2022). Revenue: S$209.2m (up 11% from FY 2022). Net income: S$153.1m (up 114% from FY 2022). Profit margin: 73% (up from 38% in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Centurion Corporation Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Centurion Corporation Limited announced that they will report fiscal year 2023 results After-Market on Feb 28, 2024 Announcement • Feb 13
Centurion Corporation Limited Provides Earnings Guidance for the Full Year Ended 31 December 2023 Centurion Corporation Limited provided earnings guidance for the Full Year Ended 31 December 2023. For the period, the company is expected to report a substantial increase in the consolidated profit attributable to equityholders of the Company for fiscal year 2023 as compared to fiscal year 2022. Such an increase is mainly attributable to net fair value gains on the Group's investment properties expected to be recognised in fiscal year 2023. Announcement • Dec 28
Centurion Corporation Limited, Annual General Meeting, Apr 26, 2024 Centurion Corporation Limited, Annual General Meeting, Apr 26, 2024. Agenda: To consider board changes. Announcement • Nov 10
Centurion Corporation Limited Announces Resignation of Cheung Yuet Fan as Company Secretary The board of directors of Centurion Corporation Limited announced that, following the voluntary withdrawal of listing of the shares of the Company on The Stock Exchange of Hong Kong Limited (‘HK Stock Exchange’) effective on 1 November 2023 (‘De-Listing’), there is no longer a requirement for the Company to maintain a Company Secretary in Hong Kong. Accordingly, Ms. Cheung Yuet Fan (‘Ms. Cheung’) has tendered her resignation as the Company Secretary of the Company in Hong Kong with effect from 9 November 2023. Ms. Cheung has confirmed that she has no disagreement with the Board in any respect and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or the Singapore Stock Exchange. The Board also announced the following: Mr. Wong Kok Hoe (Executive Director of the Company and Deputy Chairman of the Board) and Ms. Cheung ceased as authorised representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the HK Stock Exchange upon De-Listing. Upcoming Dividend • Aug 31
Upcoming dividend of S$0.01 per share at 4.8% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Singaporean dividend payers (6.2%). Higher than average of industry peers (3.9%). Price Target Changed • Aug 22
Price target increased by 13% to S$0.57 Up from S$0.51, the current price target is an average from 3 analysts. New target price is 37% above last closing price of S$0.42. Stock is up 12% over the past year. The company is forecast to post earnings per share of S$0.083 for next year compared to S$0.085 last year. Major Estimate Revision • Aug 19
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from S$190.3m to S$196.4m. EPS estimate increased from S$0.072 to S$0.083 per share. Net income forecast to shrink 10% next year vs 22% growth forecast for Real Estate industry in Singapore . Consensus price target up from S$0.51 to S$0.54. Share price fell 3.4% to S$0.42 over the past week. Reported Earnings • Aug 13
First half 2023 earnings released: EPS: S$0.046 (vs S$0.039 in 1H 2022) First half 2023 results: EPS: S$0.046 (up from S$0.039 in 1H 2022). Revenue: S$102.1m (up 8.5% from 1H 2022). Net income: S$38.3m (up 16% from 1H 2022). Profit margin: 38% (up from 35% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Announcement • Aug 12
Centurion Corporation Limited Announces 1-Tier Tax Exempt Interim Cash Dividend, Payable on September 29, 2023 Centurion Corporation Limited announced 1-tier tax exempt interim cash dividend of SGD 0.01 per share for the six months ended June 30, 2023, payable on September 29, 2023. Ex-date is September 7, 2023. Record date is September 11, 2023. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Announcement • Jul 29
Centurion Corporation Limited to Report First Half, 2023 Results on Aug 10, 2023 Centurion Corporation Limited announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • May 26
Centurion Corporation Limited Approves the Payment of A Final Dividend for the Financial Year Ended 31 December 2022, Would Be Paid on 31 May 2023 Centurion Corporation Limited approved the payment of a final dividend of 0.5 Singapore cent per ordinary share, on a one-tier tax exempt basis, for the financial year ended 31 December 2022. The dividend would be paid on 31 May 2023. Price Target Changed • Mar 16
Price target decreased by 10% to S$0.43 Down from S$0.48, the current price target is an average from 2 analysts. New target price is 28% above last closing price of S$0.34. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of S$0.071 for next year compared to S$0.085 last year. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: S$0.085 (vs S$0.063 in FY 2021) Full year 2022 results: EPS: S$0.085 (up from S$0.063 in FY 2021). Revenue: S$183.1m (up 16% from FY 2021). Net income: S$71.4m (up 36% from FY 2021). Profit margin: 39% (up from 33% in FY 2021). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
Centurion Corporation Limited to Report Fiscal Year 2022 Results on Feb 28, 2023 Centurion Corporation Limited announced that they will report fiscal year 2022 results on Feb 28, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Wei Loon Lee was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Nov 05
Joint Chairman of the Board recently bought S$566k worth of stock On the 3rd of November, Kim Kang Loh bought around 2m shares on-market at roughly S$0.34 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$5.7m. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$7.0m worth in shares. Recent Insider Transactions • Sep 20
Joint Chairman of the Board recently bought S$5.7m worth of stock On the 16th of September, Kim Kang Loh bought around 3m shares on-market at roughly S$2.24 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$6.5m worth in shares. Price Target Changed • Aug 17
Price target increased to S$0.46 Up from S$0.43, the current price target is an average from 3 analysts. New target price is 21% above last closing price of S$0.38. Stock is up 13% over the past year. The company is forecast to post earnings per share of S$0.059 for next year compared to S$0.063 last year. Price Target Changed • Aug 16
Price target increased to S$0.45 Up from S$0.41, the current price target is an average from 3 analysts. New target price is 21% above last closing price of S$0.38. Stock is up 12% over the past year. The company is forecast to post earnings per share of S$0.066 for next year compared to S$0.063 last year. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$8.74m from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). Over the next year, revenue is expected to shrink by 7.9% compared to a 1.2% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 06
Joint Chairman of the Board recently bought S$35k worth of stock On the 28th of June, Kim Kang Loh bought around 100k shares on-market at roughly S$0.35 per share. In the last 3 months, they made an even bigger purchase worth S$525k. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$763k worth in shares. Recent Insider Transactions • Jun 24
Joint Chairman of the Board recently bought S$59k worth of stock On the 22nd of June, Kim Kang Loh bought around 170k shares on-market at roughly S$0.35 per share. In the last 3 months, they made an even bigger purchase worth S$525k. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$721k worth in shares. Recent Insider Transactions • May 24
Joint Chairman of the Board recently bought S$525k worth of stock On the 20th of May, Kim Kang Loh bought around 2m shares on-market at roughly S$0.35 per share. This was the largest purchase by an insider in the last 3 months. This was Kim Kang's only on-market trade for the last 12 months. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Wei Loon Lee was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 10
Consensus revenue estimates increase by 13% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from S$138.5m to S$156.0m. EPS estimate increased from S$0.05 to S$0.08 per share. Net income forecast to grow 21% next year vs 2.9% decline forecast for Real Estate industry in Singapore. Consensus price target up from S$0.40 to S$0.41. Share price was steady at S$0.34 over the past week. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: S$0.063 (up from S$0.02 in FY 2020). Revenue: S$158.1m (up 19% from FY 2020). Net income: S$52.7m (up 207% from FY 2020). Profit margin: 33% (up from 13% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 132%. Over the next year, revenue is expected to shrink by 12% compared to a 6.9% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Dec 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Wei Loon Lee was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
First half 2021 earnings released: EPS S$0.01 (vs S$0.025 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: S$67.3m (down 4.1% from 1H 2020). Net income: S$8.74m (down 58% from 1H 2020). Profit margin: 13% (down from 30% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 27
New 90-day high: S$0.37 The company is up 3.0% from its price of S$0.36 on 28 August 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.36 per share. Is New 90 Day High Low • Oct 15
New 90-day low: S$0.33 The company is down 10.0% from its price of S$0.36 on 17 July 2020. The Singaporean market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.37 per share. Recent Insider Transactions • Oct 02
Joint Chairman of the Board recently bought S$94k worth of stock On the 30th of September, Kim Kang Loh bought around 280k shares on-market at roughly S$0.34 per share. In the last 3 months, there was an even bigger purchase from another insider worth S$193k. Kim Kang has been a buyer over the last 12 months, purchasing a net total of S$1.3m worth in shares. Is New 90 Day High Low • Sep 23
New 90-day low: S$0.34 The company is down 8.0% from its price of S$0.36 on 25 June 2020. The Singaporean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.37 per share.