Cosco Shipping International (Singapore)

The land comes with a 30-year lease commencing from Feb 1, 2025. It measures 25,000 sqm (269,097.76 sq ft) with a maximum gross plot ratio of 2.5.

In the previous FY2022, Cosco made an impairment of $99 million on its acquisition of Cogent Holdings

This is compared to the net loss of $88.86 million recorded for FY2022, when the company recognised a $99 million impairment.

"Cogent’s warehouses are currently operating above optimal capacity, but an upside to earnings could come from acquisitions,"

Shares in Cosco closed 0.5 cent higher or 1.9% up at 27.5 cents on March 1.

SINGAPORE (Mar 1): Cosco Shipping International (Singapore) reported full-year earnings of $263.9 million in FY17 compared to a loss of $466.5 million a year ago.

SINGAPORE (Dec 7): CIMB Bank says Cosco Shipping International’s $1.02 per share offer for Cogent is fair and reasonable under prevailing market conditions.

SINGAPORE (Nov 28): Phillip Capital is sticking to its guns, advising Cogent shareholders to  reject the $1.02 cash offer from Cosco Shipping International.

SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.

SINGAPORE (Nov 7): DBS Group Research is keeping its “hold” call on Cosco Shipping International (Singapore) but raising its target price to 33 cents, from 27 cents previously, in view of better clarity on its new core business ahead.