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Marco Polo Marine
Energy
Offshore wind's next big problem: not enough ships
Day rates have increased from about US$200,000 in 2022 to about US$350,000 for the newest and biggest vessels
March 17, 2024
Broker's Calls
Brokers' Digest: Marco Polo Marine, UMS Holdings, Frencken Group, Far East Hospitality Trust, Keppel Pacific Oak US REIT
See what the analysts have to say this week.
February 25, 2024
Broker's Calls
Analysts lift Marco Polo Marine’s TPs with business tailwinds seen
The analysts' new target prices range from 7 cents to 7.3 cents.
February 20, 2024
Results
Marco Polo Marine reports 75.8% higher gross profit of $11.6 mil for 1QFY2024 on higher charter and utilisation rates
The group's gross profit margin also surged by 12.1 percentage points y-o-y to 39.9% during the quarter.
February 08, 2024
Broker's Calls
UOB Kay Hian stays 'overweight' on offshore and marine sector, favours Seatrium, Yangzijiang Shipbuilding and Marco Polo
The spectre of geopolitical risk remains
December 08, 2023
Broker's Calls
RHB raises Marco Polo Marine target price to 7 cents on higher earnings seen for FY2025
The new support vessel will help drive earnings when it is ready in 2HFY2024
December 06, 2023
Results
Marco Polo Marine reports earnings of $18.3 mil for 2HFY2023, 74.1% higher y-o-y
A dividend of 0.1 cent per share has been declared for the period.
November 27, 2023
Company in the news
Marco Polo Marine signs three-year agreement for deployment of new vessel across APAC wind farms
The company has signed a three-year framework agreement with Vestas Taiwan for the maiden deployment of its new CSOV.
November 20, 2023
Broker's Calls
UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks
UOBKH’s alpha picks portfolio beat the STI by 4.7 ppts, “overcoming weak investor sentiment in September”.
October 02, 2023
Broker's Calls
UOB Kay Hian maintains 'buy' call and 6 cents target price for Marco Polo Marine
Their target price of 6 cents is pegged to 1.3x FY24F book value
September 25, 2023