Cogent Holdings | Dividend Yield 6.3%
Cogent One-Stop Logistics Hub at 1 Buroh Crescent is the world's first and only container depot located on its rooftop. It has gross floor areas of over 1.6 million square feet and a height of 110 metres, equivalent to a 40-storey residential building. Picture: Company
Cogent Holdings, a leading logistics player in Singapore, posted a 73% increase in 1QFY2015 net profit attributable to shareholders to reach S$5.3 million.
Its dividend yield is 6.3% based on a recent stock price of 41 cents.
With one of the largest container depots in Singapore, the Group has a fleet of more than 100 prime mover vehicles and container depot capacity to store over 20,000 TEU container units.
Other than container depot services, it also transports and stores automobiles, is licensed to de-register and export pre-owned motor vehicles as well as provides chemical logistics services.
Group revenue for 1QFY15 increased by 14% year-on-year to reach $31.0 million, driven by the following factors.
i) Warehousing revenue contribution from the newly constructed integrated logistics hub - Cogent1.Logistics Hub (Cogent One-Stop Logistics Hub), which received TOP at the end of last year.
ii) Higher demand for automotive logistics management services.
iii) Container depot service rate adjustment.
Roof-top crane infrastructure at its new logistic hub is expected to further improve its cost structure when operationally ready in phases after 2Q2015.
