Penguin International

[BlueKelah]

all this talk of security boat is great and non-offshore related.

But what are the current companies providing such ships? Are they built by military defense firms? Surely it will get some licensing and defense contracts to get into the security boat manufacture scene? Will Penguin be able to break into this sector?

And just like SG property companies that have peaked with all the recent TOPs which is lagging what is happening in the sector, Penguin's order book could have peaked too and in a few years time the new factory may have overcapacity.

Just some risk to consider given that for NAV there is no MOS.
Div yield wise also no MOS.

Business wise O&G definitely down for this year at least. P/E may be looking good for now and next payout may get special dividend, but share price has also not been this high for a while. Was a couple years back below 10cents.

In case of extended stock market downturn or crash, would one be confident to hold and add to a position if penguin traded again at 10cents, especially given that dividend yield has been pretty low all along?