Marco Polo Marine

RHB's Seet raises his Marco Polo Marine target price to 5 cents, citing "inflection point" for earnings growth - THE EDGE SINGAPORE

Broker's Calls

RHB's Seet raises his Marco Polo Marine target price to 5 cents, citing 'inflection point' for earnings growth

"We feel that the inflection point for Marco Polo Marine is finally here"

Company in the news

Marco Polo Marine's former executive chairman to purchase 121.8 mil shares in the company at 3.3 cents apiece

Following the purchase, Lee will hold a direct stake of 148 million shares, or 4.19% of the company’s total share capital.
Marco Polo sees revenue more than double, gross profit jump nearly 3x y-o-y in 3QFY2022 - THE EDGE SINGAPORE

Results

Marco Polo sees revenue more than double; gross profit jumps nearly 3x y-o-y in 3QFY2022

The company says it has seen improved performance across all its segments.

Insider moves

Southern Packaging Group shareholder and ex-Marco Polo chairman up respective stakes

There had been scant movements by insiders of Southern Packaging

Broker's Calls

UOB Kay Hian ups Marco Polo Marine's TP to 4.3 cents on higher activity in the offshore sector

UOB Kay Hian analyst Clement Ho is positive on Marco Polo Marine's prospects for several reasons.

Broker's Calls

Marco Polo Marine’s turnaround on track, better performance to come: RHB

Improving Covid-19 situation in Taiwan is likely to speed up the progress of MPM winning new renewable energy projects.

Results

Marco Polo Marine reports better 1HFY2022 earnings of $10.8 million, lifted by one-offs

"We are still very much determined to pursue our goals for expansion in the renewable energy sector," says CEO Sean Lee.

Broker's Calls

Marco Polo Marine heads toward a greener path: RHB

RHB Group Research has kept a “buy” rating on Marco Polo Marine (MPM) with the same target price of 4 cents

Offshore & Marine

Marco Polo Marine co-developing first SOV and CSOV designed in Asia

The SOV and CSOV will be constructed with a focus on energy efficiency, in line with environmental sustainability targets.

Deals, joint ventures & alliances

Marco Polo Marine signs MOU to co-develop world's first delivery drones for offshore wind farm sector

The use of drones is said to be able to benefit the environment through the reduction of fuel consumption and CO2 emissions.
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