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SGX:8C8U

3 stories mentioning SGX:8C8UUpdated 35d ago

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Asia

Centurion Accommodation REIT Secures Approvals for Workers' Dormitory Expansion

Centurion Accommodation REIT (SGX:8C8U) secured all required approvals, including the Foreign Employees Dormitories Act (FEDA) license to increase the bed capacity of its workers' dormitory in Westlite Mandai, according to a Monday Singapore bourse filing.Shares of the REIT were down nearly 1% in Tuesday trading.With the approvals, the REIT will grant an expansion consideration of SG$34 million to Lian Beng-Centurion (Mandai).In January, the REIT had secured a temporary occupation permit for the construction of an additional block in Westlite Mandai for 9,986 beds.The FEDA license is valid until Sept. 24, 2028, and the REIT will make a new license application closer to the expiration date.

SGX:8C8U
Asia

Singapore Shares Eke Out Gains; MeGroup Rises 9%

Singapore shares closed marginally higher on Wednesday, as investor sentiment improved on hopes of the US and Iran reaching a peace deal.The Straits Times Index ranged between 4,915.13 and 4,935.68 throughout the day. It ended the session little changed in positive territory at 4,927.38.On the corporate front, shares of MeGroup (SGX:SJY) rose 9% after its subsidiary, Menang Nusantara, agreed to acquire two freehold commercial units in Malaysia for 14 million ringgit.Ley Choon (SGX:Q0X) closed nearly 5% higher as its subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million.Meanwhile, Centurion Accommodation REIT (SGX:8C8U) gained 2% as its net property income reached SG$37.5 million in the first quarter, above the expected SG$36.6 million.

^STISGX:8C8USGX:Q0XSGX:SJY
Asia

Centurion Accommodation REIT's Q1 NPI Beats Forecast on High Occupancy

Centurion Accommodation REIT's (SGX:8C8U) net property income reached SG$37.5 million in the first quarter of the year, representing a 2.4% increase and surpassing the prospectus forecast of SG$36.6 million, according to a Tuesday filing with the Singapore Exchange.Shares of the REIT were up nearly 2% in Wednesday trading.Gross revenue came in at SG$52.5 million, exceeding the forecast of SG$51.1 million, driven by strong occupancy across portfolios in Singapore, the UK, and Australia, the filing said.

SGX:8C8U

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