SEE: Consortium formed by Penguin International's executive chairman and managing director offers 65 cents per share in conditional privatisation offer
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FY2020 revenue fell 12.4% y-o-y on lower chartering and shipbuilding revenue, which was “unsurprising” to See. As the group has provided guidance on its business segments, See has decreased her earnings per share (EPS) estimates for FY2021 and FY2022 by 0.2% each. As at 11.15am, shares in Penguin are trading flat at 65 cents, which represents a P/BV of 0.76 times and dividend yield of 1.89%, according to CGS-CIMB’s estimates.