10.2 K
Expiry:
Target Price
$0.45
(+11.11%)
NOW:

$Centurion(OU8) Undervalued compared to most REIT, but operates like one. Payout ratio much lower, so the yield is mostly hidden, but still decent. Less payout means the company can grow organically. Only risk is high gearing.. but manageable.

Also operates as a REIT manager, with 2 US accommodation fund, and will grow in the future.

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8 likes
15 comments
wiseinvestor

Pls note the debt payment by Centurion covers both interest and capital, so by the end of the mortgage, the company owns the properties. It develops properties and operates them, so should be sponsor + reit to be more correct.

DareDevil

Correct me if I am wrong. Is the gearing more than 100%? That's insanely high.
The interest coverage is less than 3x

Sporeshare

Reply to @Xiao_Ming : You can check it out what was the previous qtr dpu. I am using dpu of 16.1 cents = 5.1%

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FA_TA

the gearing abit too high and interest coverage dropped this year..

Hanzo

Operates like one? So it give out 90% of its revenue ah LOL

Sporeshare

Reply to @Hanzo : tan gu gu! the price may go below 40..

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