SG Stock MarketDetailed Quotes
5LY MarcoPolo Marine
- 0.055
- +0.002+3.77%
10min DelayTrading Oct 15 11:16 CST
206.45MMarket Cap6.88P/E (TTM)
0.055High0.053Low1.65MVolume0.053Open0.053Pre Close89.08KTurnover0.07252wk High0.08%Turnover Ratio3.75BShares0.04552wk Low0.008EPS TTM119.96MFloat Cap0.607Historical High9.17P/E (Static)2.18BShs Float0.009Historical Low0.006EPS LYR3.77%Amplitude0.00Dividend TTM1.17P/B100Lot Size1.82%Div YieldTTM
Analysis
Price Target
No Data
Heat List
SG
Overall
Symbol
Latest Price
% Chg
No Data
MarcoPolo Marine Stock Forum
On 16 Oct, 3 companies in the offshore energy space will present at the SGX auditorium (see details below). To attend for free, visit the SGX website.
MERMAID, MARCO POLO, SHEFFIELD GREEN to present at SGX Auditorium on 16 Oct
Maybank KE maintain BUY with a TP of SGD0.08.
With oil prices rising, they expect charter rates to continue to rise in the near term and utilisation across MPM's vessels likely to remain high.
They also believe that its current valuation at 6.6x FY25E P/E is attractive as CSOV and CTV earnings should kick from FY25E. Coupled with expected increase in ship repair volumes, FY25E earnings should jump.
They believe that investors can potentially accumulate while awaitin...
OSVs are specialized ships designed to supply offshore oil and gas platforms with essential goods, personnel, and equipment.
They play a vital role in maintaining offshore operations.
- $MarcoPolo Marine (5LY.SG)$: Its stock price has surged ~300% over the past 5 years.
- $Atlantic Nav (5UL.SG)$: Its performance has been a stunning ~1170% in the same period (from 2.8 cents to 35...
Lim & Tan report. They maintain buy with a reduced tp of 0.074 from 0.083.
Maybank KE believe MarcoPolo Marine is deeply undervalued. Using peer Atlantic Navigation's (AN) recent vessel sales as a gauge of value, they estimate MPM's fleet alone to be worth ~SGD195m, close to its market cap, with net cash and this is excluding its yard. AN recently sold the majority of its vessels for USD183m. But MPM's fleet is much younger with an average age of 7 years (including the new CTVs, CSOV). On MPM's book, its OSVs and barges are worth SGD60m. The ...
UOB KH maintain buy on MPM with target price lowered to S$0.061 from S$0.086 on lower earnings and valuation peg.
MPM's 3QFY24 performance was below their expectations, posting lower revenue and marginal growth in gross profit. The impact of lower ship repair volumes was partially offset by higher yoy ship chartering revenue. They expect a soft 4QFY24 as ship repair volumes have yet to recover.
Its CSOV delivery has also been delayed by four months and is expected to ...
Marco Polo Marine has reported gross profit of $14.6 million for the 3QFY2024 ended June 30, up 2.6% y-o-y from $14.2 million in 3QFY2023.
This came alongside a 3.1 percentage point (ppt) expansion in gross profit margin, standing at 41.8% in 3QFY2024 from 38.7% from the same period last year.
Marco Polo Marine reports higher 3QFY2024 gross profit on higher average charter rates
No comment yet