Today, another 2 foreign worker dormitories were gazetted as isolation areas by the Singapore government to curb the spread of Covid-19. This brings the total number of dormitories gazetted to 7 in Singapore. One SGX-listed company in the thick of all this action is Centurion Corporation Ltd. It has 7 dormitories with about 28,000 beds under the Westlite brand, of which, Westlite Toh Guan is one of the affected dormitories.

Overview
Centurion derives about 2/3 of its revenue from purpose-built worker accommodation (PBWA) in Singapore and Malaysia with the remaining coming from student accommodation (PBSA) in 5 countries. With lower frills, the PBWA can achieve a higher profit margin than PBSA and contributes about 77% to the group total segment profit as of FY18. According to a Euromonitor report a few years back, Centurion holds the largest market share in Singapore PBWA with >10% of industry revenue

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