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Penguin International
07-01-2020, 05:09 AM.
Post: #1221
RE: Penguin International
(21-10-2019, 11:05 AM)dydx Wrote:
(21-10-2019, 09:50 AM)Shiyi Wrote: Penguin performance in terms of profitability and share price continued to slide after share consolidation.
To be honest, I had thought of cutting losses when oil and gas industry tanked. And just about when I thought of
averaging down, the news that the company invested in Marco Polo Marine put me off.

Nevertheless, I am happy with the recent performance of the share price. And looking to pare down my holding if it comes close to KayHian's target price. It has been a long wait.

You could have followed too closely on the fall of share price and not enough on the management-directed evolution of the business during the last O&G industry downturn - which was unprecedented, and those companies which over-extended themselves or over-borrowed are now mostly dead or near to that. Because Penguin has been conservatively managed from before the industry downturn until now, the company has survived and now emerged stronger than before. So not all companies would suffer in the same way in an industry downturn, and those who can identify the stronger players would stand to profit handsomely by buying into them for the cheap in the depth of an industry downturn.  

Do you have any names on those busted or near busted companies? Otherwise any names for peers for Penguin, are there any listed ones?

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07-01-2020, 09:39 AM. (This post was last modified: 07-01-2020, 09:41 AM by CY09.)
Post: #1222
RE: Penguin International

Let me help you on this, they are:

Ezra Holdings
Otto Marine
Nam Cheong
Marco Marine
Ezion Holdings
Viking Marine and Offshore
Technics Oil & Gas
Charisma Energy
ASL Marine
Pacific Radiance

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07-01-2020, 12:02 PM.
Post: #1223
RE: Penguin International
(07-01-2020, 05:09 AM)jh_sw Wrote: Do you have any names on those busted or near busted companies? Otherwise any names for peers for Penguin, are there any listed ones?

Among the O&G and related companies on SGX, those gone kaput are well documented, and unfortunately too many! It is even sadder many still ended up kaput after having raised fresh capital through rights issues or share placements.

When compared with the others, Penguin is special case which suffered when, following the plunge in oil price, the O&G industry went down but has emerged from it a much stronger business now, and the company achieved this without asking shareholders for new capital.

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07-01-2020, 03:11 PM.
Post: #1224
RE: Penguin International
Many thanks CY09 and dydx! That was quite a bunch, will have a look through them!

Makes Penguin's development the past years even more impressive indeed! The financial prudence seem to have paid off. Should be able to rise strong with a lot less competitors now then.

Wise word from the CEO in regards to saying somewhat in line with "borrowing to build stock is a straight line to hell"

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