RHB Research says Centurion Corporation’s FY18 earnings could receive a blow due to the absence of contribution from Westlite Tuas as well as lower capacity at its Toh Guan facility. “Centurion’s 4Q17 topline decreased 4% y-o-y, mainly due to the expiry of the lease for Westlite Tuas on Jan 30. The dormitory was fully vacated by Dec 3, 2017,” says analyst Jarick Seet in a Thurs report. “In the meantime, its Toh Guan facility recorded a lower bed capacity, as the bed count was reduced by 808 units,” he adds. “Going forward, management aims to continue expanding into investment management services, as well as ramp up the occupancy rates in its Woodlands and Papan worker dormitories,” Seet says.... Continue Reading