198.94MMarket Cap8.83P/E (TTM)
0.054High0.053Low2.86MVolume0.053Open0.054Pre Close151.35KTurnover0.07252wk High0.13%Turnover Ratio3.75BShares0.04652wk Low0.006EPS TTM115.55MFloat Cap0.576Historical High8.83P/E (Static)2.18BShs Float0.010Historical Low0.006EPS LYR1.85%Amplitude0.00Dividend TTM1.08P/B100Lot Size1.89%Div YieldTTM
MarcoPolo Marine Stock Forum
CGS Intl initiate coverage on RXS and 5LY as they think they are poised to benefit from their positions as ship charterers and yard owners as they will gain from tailwinds in oil & gas and offshore wind industries.
They initiate coverage on: 1) RXS (TP: S$0.07; 1x 2025F P/BV), and 2) 5LY (TP: S$0.08, 9x 2026F P/E).
- Global OSV fleet supply is 2-7% below the historical peak in 2015-17 due...
UOB KH has a lower tp for MarcoPolo Marine than Maybank KE.
UOB KH maintain BUY with a higher target price of S$0.072 from S$0.061.
MPM's FY24 core earnings of S$26m (+4% yoy) were above their expectation by 9%, due to better-than-expected margins in the offshore upcycle. FY24 revenue dipped 3% yoy due to lower ship repair volumes as one dry dock was unavailable, partially offset by higher ship chartering revenue on elevated charter rates. With the upcoming 4th dry doc...
Maybank KE's report on MarcoPolo Marine.
FY24 core profit of SGD26.3m is in line with their forecast. Going forward, they reckon that exciting times are just starting for MPM.
Its CSOV is 91% completed and will likely start operating by Mar 25.
They also expect utilisation for the first 2 years to be close to 95% with average rates of around USD50k/day.
Charter rates are also expected to increase by 5-10% next year.
The manpower shortage issue has also improved with...
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 caus...
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
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