As per my previous post, I will be writing about “One with the dormitory business”.

I am not sure if your guess is correct. But the stock that I will be writing about is – Centurion Corporation Limited.

Do note that this is not part of my dividend series.

Profile In Short (Directly taken from AR2015)

Centurion Corporation Limited is one of Singapore’s largest workers and student accommodation owner-operators. It owns, develops and manages quality workers  accommodation assets in Singapore and Malaysia, as well as student accommodation assets in Singapore, Australia and the United Kingdom.

Established in 1981 as an audio cassette tape manufacturing business in Singapore, it became one of the market leaders in the optical storage media industry and was listed on the mainboard of the Singapore Exchange in 1995. Following a reverse acquisition exercise in 2011, the Group successfully diversified into the accommodation business to capture growth …