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Marco Polo Marine
Broker's Calls
Brokers’ Digest: SGX, UOB, Marco Polo Marine, Pan-United Corp, Food Empire, PLife REIT, Wilmar
See what the analysts have to say this week.
a day ago
Broker's Calls
RHB keeps ‘buy’ call on Marco Polo Marine, raises earnings estimates on higher capacity
Analyst Alfie Yeo has also kept his target price of 8 cents, which represents an upside of 48.1% from the company’s last-closed price of 5.4 cents on Jan 13.
4 days ago
Investing ideas
O&M players to gain from higher rates on demand
Year-to-date, average offshore rig utilisation, a proxy for oil and gas (O&G) production activity, remains high at 80% and is forecasted to reach 88% by 2028.
December 13, 2024
Insider moves
Marco Polo Marine CEO Lee and director Teo up respective stakes
Darren Teo, the company's non-executive director, paid 5.2 cents each for 800,000 shares
December 05, 2024
Broker's Calls
Good time to accumulate Marco Polo Marine as all engines start to fire: Maybank
MPM’s CSOV is close to completion and should sail to Taiwan by end-January 2025.
December 04, 2024
Results
Marco Polo Marine reports lower 2HFY2024 earnings of $10.7 mil, down 42% y-o-y
Total revenue for the 2HFY2024 dropped by 13% y-o-y to $62 million.
November 28, 2024
Offshore & Marine
O&M players hitch a ride on offshore wind
The offshore wind industry has largely remained sheltered from global macroeconomic uncertainty as countries continue to pursue 2030 energy targets.
October 31, 2024
Broker's Calls
Maybank Securities unchanged on Marco Polo Marine, believes group to be deeply undervalued
Maybank's Seet notes that Marco Polo should see NPAT growth in FY2024 and FY2025.
September 17, 2024
Broker's Calls
Marco Polo Marine falls short in 3QFY2024, Maybank keeps ‘buy’ at lowered TP
Maybank's Seet has lowered his target price to 8 cents on Marco Polo Marine as the company's 3QFY2024 results missed the mark.
August 28, 2024
Results
Marco Polo Marine reports higher 3QFY2024 gross profit on higher average charter rates
Gross profit margin saw a 2.6% y-o-y increase to $14.6 million.
August 22, 2024