Centurion Corporation

[weijian]

Their market cap is around $330m while cashflow from net operation is $123m and the majority shareholders owned more than 50% of the company. This company will not be undervalued for long.

Hi Behappyalways,

I don't think it is fair to use 123mil as the "cashflow representation" here. If we look closer at the cashflow statement, we still need to deduct the interest expenses and lease liabilities (which total ~56mil). So the effective operating cash flow is really just half of what you represented.

That said, with the changes in dorm conditions that will be enforced in the next few years, are operating dorms going to be as profitable going forward?

Concerns over cost and reduced capacity, but operators see need to raise dormitory standards
https://www.straitstimes.com/singapore/c...-standards