(April 2024 Results) How i would invest in the singapore stock market if i had 100k of spare money

 

April 2024 Returns: 5.38%

Year to Date Returns: 5.31%

Since Inception (9 Sept 2020) Returns: 83.59%

In April, there were many AGMS. Among the counters above, i have only attended Centurion and Huationg Global. 

Ironically both stocks have also seen a positive return in April. I will probably have to think more much about Huationg before coming up with a more detailed write-up when i have thought long about it and have some time to write more in detail.

For Centurion, the agm is pretty easy and there were not a lot of tough questions.

2 question that qualified for financial analysis level questions was 

1) The prevailing rates in the market and Centurion's current rental rates.

2) Centurion's response to the Newspaper Report of Student Dormitory Bed worth 200k as per Mapletree Investments

Prevailing is 500-600 and Centurion is 500-550 if i did not hear wrongly.

If we look at the Q4 rates, they are around 370-400? Based on my calculations.

Therefore maybe we can see maybe at least 10% in revenue growth for the Singapore Workers Dormitory Side. Of course any higher is possible but we will not know because we do not know the amount of beds that were expired in each quarter.

In response to the 200k bed, they just laughed it off and said that the price depends on the area in the US. Which probably indicates they don't really believe in this valuation. Though if this is true, they are much better well of selling it than managing it actually.

Overall, i remain very positive for Centurion. Lets wait and see how the revenue improves for Q1 2024 when Centurion reports its 1Q 2024 Business Update. Anything from 50 to 55 million for its SG Workers Dorm Revenue will be in line.

Also, Powermatic Data will likely report its results.