Cogent: Superior 2Q16 margin; awaiting catalyst
-2Q16 net profit $7.9m (+35%)
-2Q16 revenue $33.8m (+6%)
-Operating margin expanded 5.9ppt to 30.8%, higher than peer average of 10.5%
-Upcoming catalyst would be JTC approval to build another iconic logistics hub in Jurong Island
-Trading at 11x trailing P/E vs. avg. 13x for other SG small caps with comparable margins and ROE
-Sits in Market Insight Value Portfolio
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