Welcome!
Home Marco Polo Marine
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
Offshore & Marine
Marco Polo Marine to build new dry dock that ups its ship repair capacity by up to 25%
The project is expected to be completed by 1QFY2025.
September 04, 2023
SGX Research Series: 10 in 10
Marco Polo Marine voyages into a sustainable future
Marco Polo Marine successfully weathered the O&G crisis in 2017
August 17, 2023
Results
Marco Polo Marine records 28.9% y-o-y increase in revenue of $36.8 million for 3QFY2023
The group’s 9MFY2023 revenue came in at $92.7 million, 65% higher y-o-y.
August 17, 2023
Insider moves
XMH chairman and MD Tan buys more shares; Teo of Marco Polo Marine raises personal stake
XMH has won an extension from SGX to try and exit the watch list by Dec 4
July 26, 2023