I last did an update on my largest investments in early April.Since then, there have been quite a few changes.I have reduced my investment in Centurion Corporation since that update.See:Reallocate as interest rate rises.andCenturion: A smaller... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It’s a top 3 list, but I really felt that Centurion Corp deserved to be on the list too. And I didn’t want to kick any of the other 3 off this list of small cap stocks. Centurion Corp is the largest operator of worker’s dorms in Singapore and Malaysia. If you’re familiar with the Westlite brand, it’s run by Centurion

SPH restructuring is a bad deal for shareholders, in the near to middle term.While a demerger from Sembmarine did Sembcorp good, there are several differences. 1) Sembcorp Industries shareholders receive Sembmarine Shares. SPH shareholders get nothing, in fact, they lose NTA value for "nothing"2) SCI post demerger can focus on renewables, and while one can argue that SPH can now focus on property, SPH is now a property company commanding a valuation that is on par with Capitaland and don't see how it can be compared to Capitaland. In fact, UOL is trading at 0.65 book value, and smaller but established players like CES, Centurion with students accommodation business and also workers accommodation business is trading at 0.47 PB.HongKong Land, btw trades at 0.3. I would agree that S

Value stocks are shunned nowadays and more are flocking to high-flying growth stocks. Indeed, one doesn’t know how long value stocks would stay underperformed. It is therefore important to be picky which value stocks to include in your portfolio should one continue to pursue this strategy. One way is to pick a value stock with a possible catalyst happening in the future. An obvious play would involve a bet on the recovery brought about by the vaccine. While some of you would think of travel-related stocks, I want to share about a different opportunity in a worker dormitory operator – Centurion (SGX:OU8).

With tens of thousands of COVID-19 cases coming from foreign worker dormitories, one may wonder if dormitory operator Centurion Corporation would be adversely impacted. On that note, investors would be pretty surprised that its 1H2020 results are not affected as bad as expected. Before we dive into the results, here’s a quick background of the company for those uninitiated.

Centurion (SGX:OU8) generated the most revenue and profits from PBWAs. We have previously gone deeper into the history of Centurion here. Two of Centurion’s dorms have been gazetted as isolation areas.