Penguin International

[greengiraffe]

We will leave the details to analysts. On a big picture basis, there is no room for optimism given the sudden change in the landscape.

If Penguin can request deferment of orders for a particular engine, it can happen across the board.

Odd Lots Vested

We have to bear in mind that Penguin uses different marques of engines for different boat models, and usually their customers choose the desired boat models according to their business requirements and also their preferences on the engines to be fitted to the boats. According to the company website, there are now a total of 4 leading engine suppliers to Penguin's current 8 boat models -

1. Caterpillar (USA) - FLEX-40SLC, FLEX Fighter, FLEX Ferry
2. Cummins (USA) - FLEX-40SL, FLEX-50
3. Baudouin (French) - FLEX-40, FLEX-45
4. MAN (Germany) - FLEX-25

Penguin is smart to offer 3 engine options on its flagship FLEX-40 model series, so that their customers can enjoy maximum flexibilities.