Cogent Holdings is another firm that I had not written about for 2 consecutive earnings release. Given that the investment thesis was largely built on growth, it is high time to monitor their growth momentum. Interested investors can find their latest Q1’17 earnings here.
While growth has continued, top line growth rate has actually declined slightly.
Warehousing, Container and Property Management has been the main growth driver on an absolute basis. Given that the gantry crane on top of Cogent 1 and the Jurong Island container depot are now both fully operational, I expect the trend to continue.
The S$2.5M contract from Land Transport Authority to supply and manage a vehicle pound won on 28th April 2017 should provide a boost for Automotive logistics management services for the rest of the year. Worryingly, revenue from Transportation management services continues to …