Penguin International

CGS-CIMB downgrades Penguin to 'hold' on potential privatisation - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades Penguin to 'hold' on potential privatisation

CGS-CIMB Research analyst Cezzane See has downgraded Penguin International to “hold” from “add” on its potential privatisation.

Offer

Consortium formed by Penguin International's executive chairman and managing director offers 65 cents per share in conditional privatisation offer

Emet Grace has made a voluntary cash conditional offer of 65 cents per share for all the shares in the capital of Penguin International on Jan 21.

Shares in Penguin International surge 16% following announcement on possible transaction - THE EDGE SINGAPORE

Company in the news

Shares in Penguin International surge 16% following announcement on possible transaction

Shares in Penguin International surged 16% to 58 cents after the company announced, on the morning of Dec 21, that it is in non-binding discussions with a potential investor in relation to a possib

SBS Transit rolls forward with overall sector win - THE EDGE SINGAPORE

Billion Dollar Club 2020

SBS Transit rolls forward with overall sector win

SBS Transit, Singapore’s iconic bus operator, has been named overall winner for the transport industry sector of the Centurion Club.

Broker's Calls

949 Broker's Digest

 

Haidilao International

Price target:

UOB Kay Hian “buy” HK$52.10

Broker's Calls

Penguin likely to be beneficiary when crude oil prices rise

CGS-CIMB Research is keeping its “add” call on Penguin International with a target price of 55 cents, as the company is expected to survive this crisis to see revenues pick-up with crude oil prices

Results

Double whammy slashes Penguin International's 1H earnings in half

Penguin International saw its 1H20 earnings slashed by half to $3.9 million from $8.4 million in 1H19, as it was negatively affected by the Covid-19 pandemic and weak oil prices.  

Broker's Calls

Padded balance sheet to help Penguin International ride out choppy waves

SINGAPORE (June 18): CGS-CIMB Research is reiterating its “add” recommendation on Penguin International but with a lowered target price of 55 cents from 81.5 cents previously.

Broker's Calls

936 Brokers' Digest

APAC Realty
Price targets:

CGS-CIMB “Add” 53.8 cents
RHB “Buy” 60 cents

Broker's Calls

Large cash hoard to help Penguin International ride out choppy waves

SINGAPORE (June 3): Phillip Capital is downgrading its recommendation on Penguin International to “accumulate” from “buy” with a lower target price of 55 cents from 88 cents previously.

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