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Waiting for this counter to be noticed by BB. U can checked the fundamentals and decide if good or not good. Holding for long term. Caveat!
Pick up, support very strong at 245
It's going to break .27 soon and tp at .30 need long pang must quick!
freedom8 ( Date: 16-Aug-2013 00:01) Posted:
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consolidating now
anyway just an observation..........LOL.........I tink if THROW big enuf may coz some panic and overshoot yr downside..........LOL.....just my opinion
wendel ( Date: 14-Aug-2013 22:02) Posted:
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bro ace...think u r right...but possible low is 0.235...enuf meat?
Gold916 ( Date: 14-Aug-2013 20:35) Posted:
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Gotcha!i caught u outside...hahaha
ace333 ( Date: 14-Aug-2013 20:30) Posted:
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AFTER going up for 5 days from a low of 0.205.........today went up to touch 0.27 previous high of 0.27 and CLOSED 0.245. I guess the stock is tired and ready to go DOWN.......LOL.....looks like time to SHORT tomolo.......LOL
freedom8 ( Date: 13-Aug-2013 18:35) Posted:
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30 coming
SINGAPORE – 7 August 2013 – Mainboard-listed integrated logistics solutions provider, Cogent Holdings Limited (高 昇 有 限 公 司 ) (“Cogent”, together with its subsidiaries, “the Group”), today reported that its net profit attributable to shareholders for the 6 months ended 30 June 2013 (“1H2013”) jumped 199% to $7.3 million.
The satisfactory result was achieved on the back of a 32% jump in 1H2013 revenue to $56.4 million, led by the Group’s improved business performance across all of its core logistics businesses: transportation management services, warehousing/container depot management services and automotive logistics services. In addition, the Group earnings benefited from the strong contribution from its property management services subsidiary, Cogent Land Capital Pte Ltd, which developed and manages The Grandstand (formerly known as Turf City).
Positioned as a one-stop family lifestyle destination in affluent Bukit Timah, The Grandstand, which completed its refurbishment works on-time in early 2013, and currently houses one of the largest car
Cogent Holdings Limited 1H2013 Results Page 2 of 4
malls in Singapore, a hypermarket and farmer’s market, as well as a host of services, food & beverage, children’s education and other retail tenants.
EPS / NAV Per Share Based on its latest half-year results, the Group’s basic earnings per ordinary share tripled to 1.53 Singapore cents, while its net asset value per ordinary share rose 10% to 14.66 Singapore cents as at 30 June 2013.
Revenue By Business Segments
$’000 1H2013 1H2012 Change
Transportation Management Services 15,385 14,436 ↑ 7% Warehousing & Container Depot Management Services 21,180 18,383 ↑ 15% Automotive Logistics Management Services 10,947 8,414 ↑ 30% Property Management Services 10,388 3,084 ↑ 237% Inter-segment eliminations (1,464) (1,566) ↓ 7%
Period of 6 months ended 30 June
During 1H2013, the Group’s Transportation Management Services posted a 7% increase in revenue to $15.4 million largely due to the broadening of its portfolio of customers in the petrochemical industry.
The robust demand for warehousing services and increased volume of container off-hire boosted revenue from the Warehouse and Container Depot Management Services which grew 15% from $18.4 million in 1H2012 to $21.2 million in 1H2013.
Since commencing operations in March 2012, The Grandstand had significantly improved its earnings growth during 1H2013 as compared to 1H2012. The increase in its tenancy take-up rate was encouraging and substantially supplemented the Group’s earnings. In the first six months of FY2013, revenue from its Property Management Services surged 237% from $3.1 million to $10.4 million.
Cogent’s Automotive Logistics Management Services improved significantly, with revenue rising 30% from $8.4 million to $10.9 million.
Cogent Holdings Limited 1H2013 Results Page 3 of 4
Said Mr Tan Yeow Khoon (陈 耀 坤 ), Cogent’s Executive Chairman & CEO, “Apart from focusing on the growth of our core logistics businesses, we are pleased that our strategic decision to diversify into property management has reaped good results to boost and diversify the Group’s earnings stream. Moving ahead, we are looking forward to the completion of Cogent’s one-stop logistics hub which is on track for completion in 2014. Located at Tanjong Kling Road, the logistics hub has a gross floor area of approximately 1.6 million square feet comprising multi-level ramp-up warehouses and a roof-top container depot. We believe that this will accelerate the growth of our warehousing and container depot business, further enhance our Group’s overall operational and cost efficiencies, and position Cogent as a strong brand name in Singapore’s thriving logistics landscape.”
Business Outlook
The global growth outlook remains uncertain, and the Group continues to work towards consolidating and rationalizing its logistics operations. As part of this consolidation, the Group intends to reallocate its warehousing capabilities and resources, enhance coordination among its existing operations and broaden its customer bases. In navigating the Group towards a better earnings growth track, the Group will continue to explore and focus on suitable value-creating business opportunities that may emerge.
The satisfactory result was achieved on the back of a 32% jump in 1H2013 revenue to $56.4 million, led by the Group’s improved business performance across all of its core logistics businesses: transportation management services, warehousing/container depot management services and automotive logistics services. In addition, the Group earnings benefited from the strong contribution from its property management services subsidiary, Cogent Land Capital Pte Ltd, which developed and manages The Grandstand (formerly known as Turf City).
Positioned as a one-stop family lifestyle destination in affluent Bukit Timah, The Grandstand, which completed its refurbishment works on-time in early 2013, and currently houses one of the largest car
Cogent Holdings Limited 1H2013 Results Page 2 of 4
malls in Singapore, a hypermarket and farmer’s market, as well as a host of services, food & beverage, children’s education and other retail tenants.
EPS / NAV Per Share Based on its latest half-year results, the Group’s basic earnings per ordinary share tripled to 1.53 Singapore cents, while its net asset value per ordinary share rose 10% to 14.66 Singapore cents as at 30 June 2013.
Revenue By Business Segments
$’000 1H2013 1H2012 Change
Transportation Management Services 15,385 14,436 ↑ 7% Warehousing & Container Depot Management Services 21,180 18,383 ↑ 15% Automotive Logistics Management Services 10,947 8,414 ↑ 30% Property Management Services 10,388 3,084 ↑ 237% Inter-segment eliminations (1,464) (1,566) ↓ 7%
Period of 6 months ended 30 June
During 1H2013, the Group’s Transportation Management Services posted a 7% increase in revenue to $15.4 million largely due to the broadening of its portfolio of customers in the petrochemical industry.
The robust demand for warehousing services and increased volume of container off-hire boosted revenue from the Warehouse and Container Depot Management Services which grew 15% from $18.4 million in 1H2012 to $21.2 million in 1H2013.
Since commencing operations in March 2012, The Grandstand had significantly improved its earnings growth during 1H2013 as compared to 1H2012. The increase in its tenancy take-up rate was encouraging and substantially supplemented the Group’s earnings. In the first six months of FY2013, revenue from its Property Management Services surged 237% from $3.1 million to $10.4 million.
Cogent’s Automotive Logistics Management Services improved significantly, with revenue rising 30% from $8.4 million to $10.9 million.
Cogent Holdings Limited 1H2013 Results Page 3 of 4
Said Mr Tan Yeow Khoon (陈 耀 坤 ), Cogent’s Executive Chairman & CEO, “Apart from focusing on the growth of our core logistics businesses, we are pleased that our strategic decision to diversify into property management has reaped good results to boost and diversify the Group’s earnings stream. Moving ahead, we are looking forward to the completion of Cogent’s one-stop logistics hub which is on track for completion in 2014. Located at Tanjong Kling Road, the logistics hub has a gross floor area of approximately 1.6 million square feet comprising multi-level ramp-up warehouses and a roof-top container depot. We believe that this will accelerate the growth of our warehousing and container depot business, further enhance our Group’s overall operational and cost efficiencies, and position Cogent as a strong brand name in Singapore’s thriving logistics landscape.”
Business Outlook
The global growth outlook remains uncertain, and the Group continues to work towards consolidating and rationalizing its logistics operations. As part of this consolidation, the Group intends to reallocate its warehousing capabilities and resources, enhance coordination among its existing operations and broaden its customer bases. In navigating the Group towards a better earnings growth track, the Group will continue to explore and focus on suitable value-creating business opportunities that may emerge.
can it hit 30 today?
35 soon
any intro on this counter ?
breaking out!!!!
wonder if it will hit 0.30??
slow and steady.
Any moment breakout ipo price
Stay tune
Playing catch up with Goodpack CWT PTC
Logistics laggard.
Rise of Cogent
Mainboard Requirements
A company may list on the Mainboard if it satisfies any of the three criteria below.
Criteria 1
Minimum consolidated pre-tax profit of at least S$30 million for the latest financial year.
Criteria 2
Profitable in the latest financial year, and has a market capitalization of not less than S$150 million based on the issue price and post-invitation issued share capital.
Criteria 3
25% of issued shares in the hands of at least 500 shareholders
Criteria 1 not satisfy Pre Profits 9.7 mil Nett after Tax 7.8mil
Criteria 2 not satisfy but if share price stays at 32cents above then it shall be
Criteria 3 satisfied
I reckon it will break its all time high of 25 cent Monday and move forward to 40 range.
Similar to Hiap Tong and Cosmosteel on improvements in Fundamentals.
The coming half year results August will give us an idea of its FY 2013.
The Group's Transportation Management Services segment continued to benefit from the buoyant demand for transportation services especially in the oil & gas and steel industries. Its warehousing and container depot operations also registered improvement in revenue. Revenue from the Automotive Logistics Management Services segment increased, driven largely by higher contribution from the vehicle storage operations.
THREE CORE BUSINESSES
OIL AND GAS AND STEEL
WAREHOUSE AND CONTAINER
LTA VEHICLE SCRAP STORAGE
NEW CORE
TURF CITY FULLY RENTED OUT
In taking on challenges posed by possible economic slowdown, the Group shall work towards fortifying its core earnings base whilst cautiously pursuing avenues that could optimally position the Group for growth opportunities.
Read this carefully......new businesses coming up.....funds need to be raise..........what's the possibility?
Share placement?
If share placement for new business, this shall be another doubler or tripler.
Volume highest on Friday.
NAV 13.3cent
SSH keep buying at 11cent
Low float.
Ideal candidate
Cogent half year results coming in two weeks time after national day
Stay tune