Penguin International

[CityFarmer]

So I believe in the long-term, the company still has a good prospect ?

I usually answer "long term" prospect, by referring to business model. Will the existing business model sustainable in "long term" of 5-10 years? Barring any unforeseeable circumstances, it will, IMO.

The dual engines of boat-building, and chartering service, have served the company and its customers well in the last few years, and there is no reason to assume the model is unsustainable in near future, especially with a very prudent management.

The comprehensive product line-up has made the company the choice for its customers.

The diversification of biz, on both offshore and marine, will also smooth out the company revenue, amid the market volatility.

The most importantly, the price is cheap, and a good annual dividend to hold

(vested)