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Marco Polo Marine
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"
August 30, 2022
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.
August 23, 2022
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.
August 18, 2022
Insider moves
Southern Packaging Group shareholder and ex-Marco Polo chairman up respective stakes
There had been scant movements by insiders of Southern Packaging
July 20, 2022
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.
June 17, 2022
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.
June 03, 2022
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.
May 12, 2022
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
March 25, 2022
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.
March 16, 2022
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.
March 03, 2022