Covid-19 could cement Centurion's lead among dorm players

JUST three weeks ago, The Business Times' correspondent Angela Tan pointed out how the Covid-19 outbreak is testing public companies' materiality thresholds for continuous disclosures. She named manufacturers, retailers, and oil and gas companies as among the plague-hit issuers that "should be even more forthcoming in their communications with shareholders".

Now, add foreign worker dormitory operators to that list. With more than 1,800 Covid-19 cases linked to dorm or construction clusters as of Wednesday, companies' responses to the novel coronavirus pandemic will separate the wheat from the chaff.

Centurion Corp - which provides accommodation for foreign workers and students - could come out tops, stock watchers told BT.