Centurion Corporation

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My simple thought is what is the impact of RTS when they can get accommodation in JB for fraction of cost. As usual it is a balance and business decision if convenience and proximity overcome the cut in costs? Current Dorms are mainly in secluded areas for that reason as well.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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Centurion is one of the largest dorm operators in Malaysia


And how many hours will it take to send all those workers living in JB to come to Singapore....

https://www.google.com/amp/s/www.nst.com...-direction
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(27-12-2024, 09:24 AM)Behappyalways Wrote: Can the company achieve the KPI???

https://investideas.net/forum/viewtopic....9&start=60

Hi Behappyalways,

I believe no listed company mgt is naive enough to publicly announce some short term (1-3year) KPI without high probability of achieving it. And as human nature dictates, they will probably exceed it more often as well. In other words, hitting (or even exceeding) publicly announced short term KPIs is the baseline scenario as "underpromise and overdeliver" is the norm. Of course, there are exceptions and when it does happen, pretty sure Mgt has plenty of reason/s to explain it why they missed their KPIs, which are normally "beyond their control".

But having higher AUM and higher profitability are 2 different things. It depends on the manner on how higher AUM is achieved. An example below:

Scenario A (AUM of 2bil)
Cap rate=7% and 4% net costs --> profit=(7-4%)*2bil = 3%*2bil = 60mil profit

Scenario B (AUM of 4bil)
Cap rate=7% and 4% net costs --> profit=(7-4%)*4bil = 3%*4bil = 120mil profit

Scenario C (AUM of 4bil, but only 1bil is owned and 3bil is managed at 1% AUM fee)
1bil: Cap rate=7% and 4% net costs --> profit=(7-4%)*1bil = 3%*1bil = 30mil profit
3bil: 1% AUM fee for 3bil --> 1%*3bil = 30mil profit
Total profit for 4bil AUM = 30 + 30mil = 60mil profit
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(27-12-2024, 12:28 PM)specuvestor Wrote: My simple thought is what is the impact of RTS when they can get accommodation in JB for fraction of cost. As usual it is a balance and business decision if convenience and proximity overcome the cut in costs? Current Dorms are mainly in secluded areas for that reason as well.

Hi specuvestor,

Any foreigner is able enter Msia, after been issued a social visit pass granting a 30day stay - this applies to Sporeans or foreigners holding onto work permits in Spore. A lot of foreigners who hold onto Sporean work permits do enter Msia for similar purpose as Sporeans using this same visa. So it is probably not about cost or convenience but whether is it legal or not that someone is able to stay full time without the appropriate visas in Msia. Foreign workers on work permits will probably not qualify for MM2H scheme. Smile

Of course moving on, it is possible that things could change. After all, Forest City will be designated as the SEZ thanks to the latter's minority owner. Certain provisions might be created to facilitate what you envisioned but it wouldn't be dependent on the RTS but on politics. If one has followed Msian politics closely, it is not exactly a PAP-sort of dominance that allows anything slightly controversial to be even mentioned in the public domain, more so been implemented.
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Hi Weijian

Yes indeed if Dr M is around I probably won’t consider this possibility but in next 4 years everything possible is “Boleh”

But without RTS the inconvenience and uncertainty of jams will overwhelm any cost savings. 东风 has come
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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