All content published on the http://www.penguinsecurities.sg website (the "Website") is the property of Penguin Securities, unless otherwise expressly stated. For pages where no third-party rights are indicated (e.g., in the copyright statement at the bottom of each page), the following terms apply:

• You may print pages from the Website and store one copy on your personal device for personal, non-commercial use only.
• You may not distribute the content to others; however, you may quote opinions or information from the Website, provided that you include a clear and proper attribution to Penguin Securities, reference the Website (http://www.penguinsecurities.sg), and include a reference to the applicable Disclaimer available on the Website.
• You may link to any portion of the Website, provided that the link clearly names http://www.penguinsecurities.sg, and opens the page in a new browser window (not embedded within another site's frameset or layout).

No other use of the Website content — including but not limited to reproduction, modification, distribution, republication, or retransmission — is permitted unless expressly authorized in writing by Penguin Securities.

For any inquiries related to copyright, intellectual property, or usage rights concerning this Website, please contact .