Bonta
2024-07-15
Being in construction industry brings awareness of construction materials like $PanUnited(P52.SI)$ $BRC ASIA LIMITED(BEC.SI)$ , construction players, real estate and supporting companies like dormitory providers.


An example of how I used my knowledge is $Centurion(OU8.SI)$. They are dormitory providers. Their prices was very depressed during covid as workers were sent back due to shutting down of construction sites.


Post covid, when construction restarted, it was extremely difficult to bring in wokers as there wasn’t enough dormitories. My company was struggling to bring back workers and basically have to beg for slots in dormitories.


During that time, I realised that the dorm providers valuation was still very cheap, as the average person will not realise what is going on. As not many people are aware of the shortage of dormitories, besides those in shipyard and construction industry.


As centurion is mainly a dividend play, the capital gains is just icing on cake.
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