Penguin International

[CityFarmer]

Just based on the current amount of inventories and accounts payables, there is good reason to believe FY2015 will see around 4 cents of earnings. Even at 25 cents, a PE of 6, is way undemanding. Then of course, to the purists, there is no discount to NAV at current prices, but the NAV should catch up within a year.

What is to say then, that the O&G will not see a sudden upturn, just like the sudden downturn? When the Penguin starts to sprint then in terms of EPS due to an O&G upturn, with any upwards revision to the PE that investors are willing to accord to it, the Penguin may become uncatchable at current prices.

I am puzzled why Mr Market is simply not interested in a local company, which has no debt, high eps and good dividend company?

If we view the company share price from the last 1-3 years perspective, exclude the dividend, the share price has appreciated +38% (1 year), +156% (2 years) and +139% (3 years) respectively

Mr. Market has shown interest on this stock, but remains skeptical. As long as earning continue to grow, shareholders will be rewarded handsomely, even the skeptical remains.

(vested)