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MarcoPolo Marine
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Marco Polo - IPO
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muifan
Supreme |
13-Aug-2025 14:32
Yells: "Take the leap of faith dont regret 20 years later!" |
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Strong move sailing off...keep tab on nam cheong and asl too ...
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fighting
Master |
12-Aug-2025 18:28
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Selling dried. Next is to cross 0.06 | ||||
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muifan
Supreme |
07-Aug-2025 09:53
Yells: "Take the leap of faith dont regret 20 years later!" |
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break key resistance in one move, shipping and vessels moving..... | ||||
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stlimst
Master |
07-Aug-2025 00:00
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Marco Polo Marine is poised to go up, it is being touted as beneficiary of the MAS EQDP. Quite a few houses also identified Marco Polo as strong potential.
The other small/mid cap stocks singled out by many broking houses include :
Valuetronics
UMS
Comfort delgro
IFast
Just to name a few.
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n3wbie
Elite |
06-Aug-2025 21:53
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MPM part of updated UOBKH model portfolio, highlighted for high charter rates and vessel utilisation https://bt.sg/DhhM |
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LZLOmega
Veteran |
29-Jul-2025 10:26
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Now what? | ||||
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Joelton
Supreme |
25-Jul-2025 12:06
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Maybank ups Marco Polo Marine&rsquo s target price to 7 cents as stock remains &lsquo significantly undervalued&rsquo
Maybank Securities analyst Jarick Seet has increased his target price on Marco Polo Marine to 7 cents, 1 cent higher than his previous target price, as he likes the company&rsquo s prospects in the long term.
&ldquo Marco Polo Marine remains a laggard and with valuations among the small- and mid-cap stocks rising sharply across the board, we believe this is an attractive opportunity for a potential rotation into this underperforming segment,&rdquo says Seet, who maintained his &ldquo buy&rdquo call on the counter.
While the analyst expects Marco Polo Marine&rsquo s 3QFY2025 results to improve sequentially, it is likely to be softer on a y-o-y basis due to weaker utilisation rates for its vessels.
The company&rsquo s new commissioning service operation vessel (CSOV) also won&rsquo t commence its operations until 3QFY2025, and its contributions are expected to come into fruition at the end of the quarter, he points out.
However, upfront costs were absorbed into 1HFY2025&rsquo s results. In addition, lower third-party charting has also reduced ship-chartering revenue, mitigated by higher utilisation of its existing fleet.
Lastly, shipyard repairs were also affected by the ongoing construction of the CSOV in 1HFY2025, which reduced capacity for the other projects.
Oil prices have also trended down in the past few months, leading to analysts to expect utilisation to be impacted.
&ldquo Through our channel checks, we understand that rates are still holding up and rising slightly,&rdquo analysts say, adding that they expect utilisation to pick up in the fourth quarter.
Expecting that MPM&rsquo s performance will pick up in 4QFY2025, analysts predict that management will continue to pivot to offshore wind farms from oil and gas.
The company previously pivoted to serve offshore wind farms in Taiwan, and aims to grow in this space as well as chartering vessels to other renewable operators in the region.
With these factors in mind, Seet believes Marco Polo Marine&rsquo s earnings for the 2HFY2025 should be stronger compared to its performance in the 1HFY2025.
The analyst&rsquo s new target price is based on a higher price-to-earnings (P/E) ratio of 10 times, with core net profit FY2025 estimated to be $26 million.
Marco Polo Marine was previously trading at 6.9 times FY2025 P/E with a forecast of FY2023 to FY2026 NPAT CAGR of 26.5% from rising utilisation and charter rates.
&ldquo We believe Marco Polo Marine is significantly undervalued,&rdquo says Seet.
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Iceycoke
Senior |
21-Jul-2025 09:08
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How come all marine counters up? Anyone knows? | ||||
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HuatAh7898
Supreme |
17-Jul-2025 17:55
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Time for profit taking at these levels Dydd | ||||
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Newbie85
Veteran |
17-Jul-2025 17:38
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Watching if Marco will do a Thomson tomorrow or not. all the sell queues become thin. Haha |
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eric998
Supreme |
13-Jul-2025 14:35
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Oil stock is when people sell, you buy, when people buy, you sell, but human psychology is always buy high and sell low. When low nobody dare to buy, when high all chase. Usually I don?t contra oil stocks, keep when bought low, one day it will have its day.
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HuatAh7898
Supreme |
13-Jul-2025 08:13
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This counter price goes up and down along with oil price movements If go lower will go in and scoop |
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Nippon72
Veteran |
12-Jul-2025 18:41
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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I realised a stock can have all the +ve numbers, won contracts or in the nascent industry etc, if market is not interested is of no use. If this is under the EQDP radar maybe will rekindle interests, else keep brewing time can only tell. The catalyst is probably the original white knights are not selling and mgt has skin in the game. Vested. |
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HuatAh7898
Supreme |
12-Jul-2025 11:46
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The 4th dry dock will be able to contribute to income of 2H FY2025 Dydd
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HuatAh7898
Supreme |
11-Jul-2025 18:05
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Selling continue today at 45 7.23m, but will absorbed continue to accumulate
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HuatAh7898
Supreme |
10-Jul-2025 20:18
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Today there were selling pressures at 45 Which direction will it go tomorrow from 45 level?
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Joelton
Supreme |
10-Jun-2025 11:01
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RHB lowers Marco Polo Marine&rsquo s target price by 1 cent as it lowers FY2025 - FY2027 earnings estimates
RHB Bank Singapore analyst Alfie Yeo has lowered his target price on Marco Polo Marine(MPM) from 8 cents to 7 cents, as he lowers his earnings estimates for FY2025 to FY2027 by 13% per year.
Yeo&rsquo s net profit estimate for FY2025 is now at $24 million, putting his recurring P/E estimate at 6.85 times. His net profit estimates for FY2026 and FY2027 are at $26 million and $28 million respectively, putting his recurring P/E estimates at 6.31 times and 5.85 times.
The lowered estimates come after MPM reported lower-than-expected earnings in the 1HFY2025. For the six months ended March 31, MPM&rsquo s revenue fell by 14% y-o-y to $53 million. The lower figure factored in the temporary loss of third-party shipyard revenue during the construction period of its commissioning service operation vessel (CSOV). MPM&rsquo s ship chartering revenue decreased by 3% y-o-y to $32 million.
That said, Yeo continues to like the stock as he sees MPM&rsquo s earnings drivers remaining intact. The analyst, who has a &ldquo buy&rdquo call on MPM, believes that the deployment of its new CSOV will spark higher growth and an increased bottom line.
&ldquo The vessel has secured charters at robust rates for the next three years, and is taking on more orders beyond that,&rdquo says Yeo in his June 5 report.
The analyst also sees MPM&rsquo s shipyard revenue to improve thanks to higher capacity from its fleet size and shipyard capacity. MPM&rsquo s fleet is anticipated to expand to include two crew transfer vessels (CTVs) for Siemens Gamesa&rsquo s offshore wind projects in Taiwan and South Korea from 2024 to 2026, while it has a fourth new dry dock which adds shipyard capacity.
Plus, with its CSOV now deployed, the higher shipyard capacity should support a revenue turnaround in the subsequent quarters, says Yeo.
Despite his reduced earnings forecast, Yeo expects MPM&rsquo s gross profit margin (GPM) to improve due to stronger ship chartering margins from attractive CSOV charter rates.
In the 1HFY2025, MPM&rsquo s GPM rose by 5.3 percentage points to 41.3% from the reduction of re-chartering third-party vessels.
The company&rsquo s shipyard revenue in 2HFY2025 is expected to improve sequentially as well thanks to higher capacity.
As Yeo&rsquo s estimates are predicated on improved charter and utilisation rates, key risks include the underperformance of these aspects.
Looking at MPM&rsquo s balance sheets, capex is expected to taper in FY2026 and FY2027, supporting higher free cash flow yields of 15.5% and 17.3%, respectively.
MPM&rsquo s 1HFY2025 net profit now forms 44% of Yeo&rsquo s revised estimates.
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Joelton
Supreme |
19-May-2025 12:37
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Marco Polo Marine
On May 13, Marco Polo Marine non-executive director Darren Teo bought one million shares at S$0.044 apiece. This increased his direct interest in the integrated marine logistics group from 0.26 per cent to 0.29 per cent. It followed the regional integrated marine logistics company, which principally engages in ship chartering and shipyard businesses, reporting its H1 FY 2025 (ended Mar 31) results on May 9. His preceding acquisition also totalled one million shares at S$0.049 apiece on Mar 4.
Additionally, he has deemed interest through Apricot Capital, which holds 607,142,857 shares in Marco Polo Marine. He indirectly owns 20 per cent of Apricot Capital&rsquo s issued and paid-up share capital, bringing his total interest in Marco Polo Marine to 16.46 per cent.
The group&rsquo s revenue for H1 FY 2025 was S$52.7 million, down 14 per cent from S$61.6 million in H1 FY 2024. This decline was primarily due to reduced revenue from shipyard operations. At the same time, the gross margin improved by 5.2 percentage points to 41.3 per cent in H1 FY 2025, driven by higher margins in the ship chartering segment due to reduced rechartering of lower-margin third-party vessels in Taiwan. This saw net attributable profit decrease by 3 per cent, from S$11 million to S$10.6 million.
Marco Polo Marine CEO Sean Lee noted that Q2 FY 2025 had progressed as expected, laying the groundwork for future growth. He highlighted that with the successful deployment of the new CSOV, the Wind Archer, in mid-April, the group is starting to see the benefits of its strategic investments over the past two years and anticipate a stronger performance in its H2 FY 2025.
Lee added that the diversification into the renewable energy sector, alongside the established oil & gas business, has bolstered the group&rsquo s resilience and positioned it well to seize opportunities in today&rsquo s dynamic geopolitical landscape.
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Joelton
Supreme |
09-May-2025 10:03
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Marco Polo Marine reports lower 1HFY2025 earnings of $3.4 million, chartering revenue to drive growth ahead
Marco Polo Marine has reported earnings of $10.6 million for its 1HFY2025, down 3.4% y-o-y.
If forex and one-off items such as disposal gains were excluded, its adjusted net profit would be $9.6 million down 13.7% y-o-y.
Revenue in the same period was down 14.4% y-o-y to $52.7 million, with lower revenue from its shipyard operations, which was 28% y-o-y lower to $20.7 million.
On the other hand, its gross margin improved by 5.2 percentage points with a bigger proportion of revenue from its higher-margin chartering segment.
The company has recently deployed the Wind Archer, a commissioning service operation vessel (CSOV).
This will help bring in more chartering revenue in the coming quarters.
" We are beginning to realise the benefits of our strategic investments over the past two years and expect a stronger performance in the second half of FY2025," says CEO Sean Lee.
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money4life
Senior |
21-Apr-2025 11:30
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MPM right on track for delivering CSOV MP WIND ARCHER  should be a good piece of news
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