Shares & Derivatives
Cory Diary : Centurion Read
By CoryLogics  •  May 19, 2020
Dormitories have been hot spots recently due to the explosive cases of Covid-19 among the migrant workers. Westlite SG confirmed Covid-19 cases ~ 4.x% of total foreign workers confirmed or about 3.4% of it's bed capacity. The 5 buildings look quite well structured and reasonably spaced. FIRST QUARTER ENDED 31 MARCH 2020 The company has geographical stretch of PBSA beds ( 35% Rev ) but most of the beds are in Singapore and Malaysia which are PBWA (64%). PBWA - Purpose Built Workers Accommodation PBSA - Purpose built student accommodation Their Interests Cover Ratio is 3.4x with Net Gearing Ratio of 50% which is using net debt of borrowing less cash and bank balances. If not for Covid-19 the company performance just on the look of the rev is quite impressive....
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By CoryLogics
I am not an investment adviser. Nothing herein my blog constitutes investment advice. Is my personal believes that not everyone has to go through the hard way. This blog also serve a purpose to help me record my understanding and personal learning growth. I sincerely welcome all comments.
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