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Brokers' take

Published Tue, Sep 13, 2016 · 09:50 PM
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Cogent Holdings | Buy

Target price: S$1.11

Sept 13 close: S$0.845

Phillip Securities Research, Sept 13

Cogent announced that its wholly-owned subsidiary, Cogent Jurong Island Pte Ltd (CJI), has received a letter of offer from JTC Corp (JTC) dated Sept 6 for Phase One of the construction of the Jurong Island Chemical Logistics Facility. Cogent had accepted the letter on Sept 8.

Phase One will occupy 3.5 hectares of land with about 87,500 square metres of built-up area. CJI will have to submit its application to deve…

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