Marco Polo Marine

Broker's Calls

Marco Polo Marine ‘on track for growth’, says RHB

The brokerage is remaining upbeat on the shipping company’s prospects even though the stock surged by over 20% from 4.3 cents.
Marco Polo Marine announces 61% lower earnings to $4.2 million for 1HFY2022 - THE EDGE SINGAPORE

Results

Marco Polo Marine announces 61% lower earnings to $4.2 million for 1HFY2023

Excluding forex losses and one-off items, the group’s adjusted earnings for the 1QFY2023 rose 375% y-o-y to $8.5 million.
Marco Polo Marine signs MOU to use ammonia for zero emission shipping - THE EDGE SINGAPORE

Sustainability

Marco Polo Marine signs MOU to install ammonia-powered system on its vessels

Sailing towards a greener future: Marco Polo Marine signs MOU to try out ammonia for its vessels

Broker's Calls

RHB remains positive on Marco Polo Marine’s prospects, ups TP to 6 cents

RHB's Alfie Yeo has upped his earnings estimates for FY2023 and FY2024 as he remains upbeat on the company's long-term growth.

Results

Marco Polo Marine reports gross profit of $6.6 mil for the 1QFY2023, up by 153.8% y-o-y

During the quarter, gross profit margin (GPM) improved by 6.5 percentage points y-o-y to 28.5%.

Offshore & Marine

Marco Polo hitches to wind farms for new growth; eyes more shipbuilding jobs

It’s upwards and onwards for Marco Polo Marine.
Marco Polo Marine signs landmark MOU with Korean companies to pursue offshore wind vessel projects in South Korea - THE EDGE SINGAPORE

Offshore & Marine

Marco Polo Marine signs landmark MOU with Korean companies to pursue offshore wind vessel projects in South Korea

The signing of the MOU, which follows its expansion into Taiwan and Japan, marks a milestone entry into another major market.

Offshore & Marine

Marco Polo Marine signs landmark MOU with Vestas Taiwan for the maiden deployment of its new CSOV

The new CSOV, which can accommodate up to 110 people, is currently under construction at Marco Polo’s shipyard in Batam, Indonesia
Broker's Digest: Japan Foods Holding, Yangzijiang Financial, Marco Polo Marine - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Japan Foods Holding, Yangzijiang Financial, Marco Polo Marine

Here are some stocks to check out this week: Japan Foods Holding, Yangzijiang Financial and Marco Polo Marine.
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