Penguin International

[lonewolf]

Technically, Penguin is a species of flightless bird so it cannot fly.

I'm a little perplexed by the recent interest in the company considering that its been in stock limbo for years. For a company that started as a ferry service company, I was a little taken aback when it decided to sell that business off. Concentrating its resources on the crew ship building segment seems like a risk considering that its yards is not of substantial size to reap economies of scale.

So what could be fueling the interest in this company out of the hundred on SGX that are under-performing and mediocre at best?