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141-160 of 660
Marco had indeed turned around and is pretty much in good shape. I believe the investments injected by those prominent businessmen will be a multi bagger for them. No basis to my call but i believe the price can double from here. It is currently trading at NAV of 0.049 from the latest results briefing slides. A good gesture with a 0.001 dividend to reward loyal SHs with net cash position of 60m. Future looks promising with the biz updates. Dyodd and buy what you can hold.
Looking ahead, the Group remains focused on expanding our footprint in the renewable energy and offshore wind farm sectors. The Company will release further updates on its business and operations on 4 December 2023.
More updates from company on 4 Dec 23 (Mon)
Then updates / re-rating by Analysts
More updates from company on 4 Dec 23 (Mon)
Then updates / re-rating by Analysts
superstartup ( Date: 27-Nov-2023 21:02) Posted:
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Seems that share price already priced in the positives...my radar is on another marine/offshore company, Beng Kuang Marine, which is at S$10m mkt cap.
S$18m cash is coming in from their parital land sales in Batam and more importantly, their core business performance is growing. For 9M2023, revneue jump and gross profit up with net profit at about S$2m.
Also, CEO has been buying the stock....
S$18m cash is coming in from their parital land sales in Batam and more importantly, their core business performance is growing. For 9M2023, revneue jump and gross profit up with net profit at about S$2m.
Also, CEO has been buying the stock....
Results added my confidence in the stock, wifey & myself still holding tightly to our 200k shares @ 0.0395.
Nothing really to shout about just quietly pray MPM will be a 100x bagger. Will add on further if year-on-year result improves with divvy.
Vested.
Nothing really to shout about just quietly pray MPM will be a 100x bagger. Will add on further if year-on-year result improves with divvy.
Vested.
UOB target price 6c based on FY2023 projections
25 Sep 23 UOB report, with following projections and Actuals as announced by company highlighted in blue for easy reference:
Revenue $121m
(Actual $127.1m exceeded by 5%)
EBITDA $26m
(Actual $43.3m exceeded by 67%)
Net Profit $16m
(Actual $22.6m exceeded by 41%)
EPS 0.4c
(Actual 0.7c exceeded by 75%)
Dividend - Nil
(Actual 0.1c - 1st dividend in 10 years)
Let' s see if any further re-rating by UOB KH, and also by RHB
25 Sep 23 UOB report, with following projections and Actuals as announced by company highlighted in blue for easy reference:
Revenue $121m
(Actual $127.1m exceeded by 5%)
EBITDA $26m
(Actual $43.3m exceeded by 67%)
Net Profit $16m
(Actual $22.6m exceeded by 41%)
EPS 0.4c
(Actual 0.7c exceeded by 75%)
Dividend - Nil
(Actual 0.1c - 1st dividend in 10 years)
Let' s see if any further re-rating by UOB KH, and also by RHB
heng nber chase on good earnings report
Meaning short on good news..🤫
HuatAh7898 ( Date: 27-Nov-2023 12:29) Posted:
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More than 3 billion shares for BBs to operate, but make kopi money is possible, HUAT!
ssw518 ( Date: 27-Nov-2023 09:35) Posted:
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Adjusted net profit rose significantly by 82.6% to S$25.2 million
Revenue grew by 47.7% YoY from S$86.1 million to S$127.1 million in FY2023
Net cash position increased to S$60.8 million (S$0.016/share) and net asset value of S$0.049/share as of end-FY2023
Declares final dividend of S$0.001 per share, backed by strong net cash position
Reaffirms commitment to servicing the high-growth offshore renewables sector
collect now or buy high later, target 57 > > 60 > > 64
dyodd
Revenue grew by 47.7% YoY from S$86.1 million to S$127.1 million in FY2023
Net cash position increased to S$60.8 million (S$0.016/share) and net asset value of S$0.049/share as of end-FY2023
Declares final dividend of S$0.001 per share, backed by strong net cash position
Reaffirms commitment to servicing the high-growth offshore renewables sector
collect now or buy high later, target 57 > > 60 > > 64
dyodd
| spursfan ( Date: 27-Nov-2023 08:31) Posted: |
Marco Polo Marine signs three-year agreement for deployment of new vessel across APAC wind farms
Marco Polo Marine has signed a three-year framework agreement with Vestas Taiwan for the maiden deployment of its new commissioning service operations vessel (CSOV).
Marco Polo Marine 5LY -1.89% has signed a three-year framework agreement with Vestas Taiwan for the deployment of its new commissioning service operations vessel (CSOV) across offshore wind farms in the Asia Pacific region.
This agreement finalises its prior landmark memorandum of understanding (MOU) in December 2022 between its Taiwan-based subsidiary PKR Offshore and Vestas for the maiden deployment of its new CSOV.
The new CSOV, which can accommodate up to 110 persons, is currently under construction at Marco Polo Shipyard in Batam, Indonesia, and is expected to commence operations in the East China Sea in the second half of 2024.
&ldquo We are thrilled to announce today the formalisation of our partnership with Vestas, which marks a critical milestone in our efforts to tap into accelerating demand for support vessels from the region&rsquo s offshore wind farm industry,&rdquo says Sean Lee, CEO of Marco Polo Marine.
&ldquo This achievement underscores Marco Polo Marine&rsquo s unwavering commitment to delivering cutting-edge, specialised wind construction vessels that offer its customers unparalleled performance, quality, and reliability. In an era where the global focus is shifting towards clean energy solutions, we stand ready to leverage on the robust, long-term demand for our marine vessels,&rdquo adds Lee.
The Global Wind Energy Council (GWEC) has forecast 680 gigawatts (GW) of new wind power capacity to be installed over the next five years, representing 136GW per year to 2027.
Globally, the total installed capacity for wind power grew to 907GW in 2022, up 78GW from 2021. This year, new wind capacity could surpass a milestone of 1 terawatt (TW).
In Asia, the GWEC expects new offshore wind installations to exceed 10GW in 2026 and nearly 15GW by 2030. By 2050, the region is projected to achieve a total of 613GW offshore wind installations.
Dennis Mordhorst, regional director offshore support for Vestas Asia Pacific, says: &ldquo We are delighted to have achieved this significant milestone with our partner Marco Polo Marine which will enable us to deploy such a technically advanced multipurpose vessel to our upcoming operations in Asia Pacific.&rdquo
&ldquo Given the current shortage of suitable vessels for wind farm operations in the region, we are confident that by entering into such a long-term agreement, we are enhancing vessel market maturity and pricing stability. This in turn is expected to lead to improvements in future projects and Vestas' operational readiness,&rdquo Mordhorst adds.
Against this backdrop of expected growth in Asia, Marco Polo Marine expects the industry to grapple with a shortage of suitable specialised wind installation vessels. Coupled with the global pivot towards clean energy, the company foresees expected strong demand for its marine vessels over the long term.
UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks
UOB Kay Hian (UOBKH) analysts have added Marco Polo Marine 5LY -1.89% and RH Petrogas T13 4.35% to its alpha picks portfolio for October 2023, in anticipation of higher utilisation rates and near-term drilling upside potential for each respective stock pick.
The brokerage firm has also removed Delfi and LHN Group due to a lack of near-term catalysts. Yangzijiang Shipbuilding is also off the list as UOBKH&rsquo s analysts expect a quiet period for new orders.
UOBKH&rsquo s alpha picks portfolio &ldquo overcame weak investor sentiment in September&rdquo , beating the Straits Times Index (STI) by 4.7 percentage points (ppt) on a market cap-weighted basis and 0.4 ppt on an equal-weighted basis. According to the report dated Oct 2, the portfolio has outperformed the STI in 17 out of the past 19 months.
The analysts note that the weakness in near-term investor sentiment resulted from hawkish US Fed comments regarding a final interest rate hike in 4Q2023 and &ldquo higher for longer&rdquo rates to combat inflation.
&ldquo An impending US government shutdown did not help risk sentiment, especially with Singapore&rsquo s industrial production contracting sharply in August, which led to downgrades to Singapore&rsquo s gross domestic product (GDP) outlook and the STI falling 0.5% m-o-m in September,&rdquo they add.
This broad-based outperformance is driven primarily by Sea, Bumitama and ComfortDelGro C52 -0.77% , in which the stocks saw m-o-m growths of 14.6%, 3.6% and 2.4% respectively.
The analysts explain that Sea recovered from a massive selldown in August, after the announcement of its decision to accelerate ecommerce investments in growth, which was later backed by several positive developments in key markets. Bumitama benefitted from the official news of El Nino in Australia that may lead to higher crude palm oil prices, while ComfortDelgro was supported by better sequential earnings performance.
On the other hand, UOBKH&rsquo s &ldquo underperformers&rdquo were mainly industrial picks, which suffered from heavy profit taking, say the analysts. These include Seatrium (-7.6% m-o-m), CSE Global 544 -2.2% (-6.2% m-o-m), and Sembcorp Industries U96 1.77% (-4.9% m-o-m).
&ldquo However, all of our industrial picks have still outperformed since their additions to our alpha picks portfolio and remain our best performers to date,&rdquo they add.
UOBKH&rsquo s analysts have named 14 companies for their October Alpha picks. This includes Bumitama, Sea, Civmec P9D -0.62% , CSE Global, CapitaLand Ascott Trust HMN -1.04% , OCBC, Mapletree Industrial Trust ME8U -1.33% , Keppel Corp, Sembcorp Industries, Seatrium, RH Petrogas, Thai Beverage Y92 -0.87% , ComfortDelGro and Marco Polo Marine.
UOB Kay Hian maintains ' buy' call and 6 cents target price for Marco Polo Marine
UOB Kay Hian analysts Heidi Mo and John Cheong have maintained their ' buy' call and 6 cents target price on Marco Polo Marine 5LY -2.04% , as they expect the company to report better topline and earnings this year amid a buoyant energy market.
Specifically, the analysts have raised their revenue and earnings estimate for FY2023 ended Sept 30 by 7%, thanks to higher charter rates of its vessels as well as better utilisation of its yard space.
For the most recent 3QFY2023 business update ended June, revenue was up 28.9% y-o-y to $36.8 million, which has brought 9MFY2023 revenue to $92.7 million, up 65.1% y-o-y.
Mo and Cheong, in their Sept 25 report, point out that Marco Polo Marine is benefitting from increased investments in offshore windfarm projects, which means possibly higher charter rates for its fleet of offshore support vessels.
In addition, with the construction of Dry Dock 4, the company is expanding its yard capacity by 25% by 1QFY2025, which gives it the potential to win over more repair businesses. As of 3QFY2023, its yards are already at a utilisation rate of 93%.
The analysts also note that Marco Polo Marine has continued to effectively market its business operations to regional ship owners in Indonesia to undertake more shipbuilding projects, while widening its customer network for ship repair activities to drive revenue growth.
See also: KGI reiterates ' buy' call on Banyan Tree, little impact from slow China market recovery
To grow its ship chartering revenue, the company is looking forward to putting its new commissioning service operation vessel to work by 3QFY2024.
Meanwhile, the company has also built up a strong net cash position of $50.2 million as at end-1QFY23, which provides a " comfortable level" of support, the analysts say.
Their target price of 6 cents is pegged to 1.3x FY24F book value.
Morning session, only sellers...
Yes. 5c. Haha.
Nippon72 ( Date: 24-Sep-2023 11:27) Posted:
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I think you meant sold at 0.05 or 5c. if it were to reach $0.50 i would be a very happy young senior retiree!
Only a matter of when.
Vested.
Only a matter of when.
Vested.
Sgvale ( Date: 22-Sep-2023 20:47) Posted:
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0.50 sold & done.
Sgvale ( Date: 19-Sep-2023 16:55) Posted:
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Congrates on your patient
ssw518 ( Date: 18-Sep-2023 08:08) Posted:
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No chance la. GG up 50 soon
ssw518 ( Date: 19-Sep-2023 11:37) Posted:
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good i waiting for more at both 44 and 45.
FrancisLim ( Date: 18-Sep-2023 14:34) Posted:
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