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$MarcoPolo Marine (5LY.SG)$ Maybank Securities analyst Jaric...
Maybank Securities analyst Jarick Seet has maintained "buy" on Marco Polo Marine with a target price of 8 cents following the company's FY2024 ended Sep results release.
In his Dec 3 note, Seet highlights that MPM's FY2024 revenue dipped 2.8% y-o-y to $123.5 million, mainly due to the drop in repair and maintenance revenue caused by the delay of its commissioning service operation vessel (CSOV).
The delay led to fewer 3rd party repair works in 3QFY2024, which also caused a shortage of staff to work on 3rd party repairs. These issues, however, have resolved and utilisation of its repair capacity has risen from 50% to around 75%.
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bullrider_21
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101572862 : long time now ..
bullrider_21 OP 101572862 : It may rise but I doubt it will rise to 0.08.
101572862 : my avg is .058![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullrider_21 OP 101572862 : Ok. Should be no problem.
101572862 : Thanks Master
bullrider_21 OP 101572862 : np disciple.