Marco Polo

Broker's Calls

UOBKH downgrades Marco Polo Marine to 'hold' with higher TP of 4.8 cents

The analysts note that Marco Polo’s business has stayed resilient amid the uncertain macro environment.

Broker's Calls

SembMarine sale of 9 rigs at minimal loss gives brokers another reason to rerate stock

SINGAPORE (Oct 9): The sale of nine undelivered jackup rigs by Norwegian Borr Drilling is welcome relief for Sembcorp Marine, says CIMB.

Broker's Calls

5 reasons for investors to keep stocking up on Sembcorp Marine

SINGAPORE (May 2): DBS Vickers Securities is maintaining its “buy” call on Sembcorp Marine (SMM) with a target price of $1.78, on the notion that the sell-off post its 1Q17 results is “unwarranted”.

Nam Cheong-Marco Polo JV incorporates new subsidiary in Malaysia

SINGAPORE (March 27): Nam Cheong, the shipbuilder of offshore support vessels (OSV), has announced that its 50-50 joint venture (JV) with integrated marine logistics group Marco Polo Marine, Marco Polo Offshore (IV) has incorporated a new wholly-owned sub

Marco Polo denies media claims of doubt in ability to operate

SINGAPORE (Sept 23): Marco Polo Marine has issued a clarification on the Singapore Exchange (SGX) regarding media reports that highlight the company expressing “substantial doubt on its ability to operate as a going concern”.
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