Marco Polo Marine

Straco Corp, Food Empire Holdings and Marco Polo Marine among RHB’s stocks to watch in 2021

Take a look at these six stocks this week, including Haidilao, Clearbridge Health and Penguin International.

The worst seems to be over for Marco Polo Marine MPM given the more “rational environment” in the offshore support sector.

“We are bullish on the semiconductor sector for 2020 as globally, we have seen semicon players reporting good earnings thus far, [giving them] a good outlook,” says RHB analyst Jarick Seet.

SINGAPORE (Nov 16): Marco Polo Marine’s debt restructuring plan has garnered the necessary majority vote from its scheme creditors.

SINGAPORE (Nov 15): Marco Polo Marine has obtained approval from its noteholders to waive the non-payment of all interest, among other obligations, on its $50 million series of 5.75% notes due 2016.

SINGAPORE (Nov 9): Troubled offshore services provider Marco Polo Marine has signed conditional investment agreements to raise $60 million from nine investors as part of a restructuring exercise.

SINGAPORE (April 19): Marco Polo Marine has issued a profit warning ahead of its second quarter results, according to a report by Lim & Tan Securities.

SINGAPORE (Feb 17): Local offshore services provider Ezra Holdings is struggling to stay afloat as it faces mounting debt, defaults and a winding-up petition.

SINGAPORE (Nov 7): Stefanie Yuen Thio believes Singapore needs to “grow up” as a market, especially when it comes to dealing with junk bonds.