“Its business model provides good earnings visibility, with contracts typically being 12 months long and with rent payments collected in advance,” notes analyst Nicola Ho in an initiation report released on Oct 19.
UOB Kay Hian (UOBKH) has taken a liking for dormitory operator Centurion Corporation, due to its “resilient business model” for workers’ accommodation.
See also: Front-running in management of QBDs gives Centurion a thumbs up from CGS-CIMB
