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221-240 of 660
As i sold partial at 45 few days ago. Thinking buy back at lower pip. Hah. Like u say nvm . I am looking at 6c target. How abt u?
chiachiawee ( Date: 10-Feb-2023 00:15) Posted:
| 43 not managed to get nvr mind. 45 also can. Dont bother about 1 or 2 pips, it is not much when you zoom into bigger gains. Cheers. |
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43 not managed to get nvr mind. 45 also can. Dont bother about 1 or 2 pips, it is not much when you zoom into bigger gains. Cheers.
So regret today didnt buy 43
once 46 clears, the sky' s the limit
think today difficult to acheive tt
Sembawang Marine? U mean Semb orp Marina?
colincheong ( Date: 27-Jan-2023 13:37) Posted:
Not moving unlike Sembawang Marine
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Not moving unlike Sembawang Marine
Hor say liao! Owner pumping money at 0.035. Gonna fy to sky!!!!
MPML (the " Company" ) has received the Exercise Notice from Nautical International Holdings Ltd for the conversion of 142,386,712 warrants into ordinary shares of the Company. The shares will be alloted on or about 30 January 2023.
MPML (the " Company" ) has received the Exercise Notice from Mr Lee Wan Tang for the conversion of 6,580,960 warrants into ordinary shares of the Company. The shares will be alloted on or about 30 January 2023.
Where is this news source?
Joelton ( Date: 24-Jan-2023 22:31) Posted:
Marco Polo Marine expects to weather the storm of potential shipping slowdown
AT FIRST glance, Marco Polo Marine&rsquo s shipyard in Batam, Indonesia, appears to be deserted.
When The Business Times visited the facility on Jan 16, two bulker carriers and a ferry were parked in their respective drydocks.
But as a siren wailed through the air around noon, about 1,000 workers began filing out of the shipyard to take their lunch breaks.
In fact, according to Chandra Mohan, senior general manager of Marco Polo Shipyard, the shipyard operations arm of Marco Polo Marine, the Batam shipyard is currently 80 per cent utilised.
The shipyard experienced a boom last year, as it extended one of its drydocks to accommodate larger ships.
For the full year ended Sep 30, 2022, revenue from Marco Polo Marine&rsquo s shipbuilding and repair segment rose 59.2 per cent year on year to S$41.4 million.
The bulk of the revenue from this segment came from its ship repair services.
Today, repeat customers &ndash including Singapore shipping company Pacific International Lines (PIL), mainboard-listed Samudera Shipping and Indonesian state-owned oil and natural gas corporation Pertamina &ndash account for about 50 to 70 per cent of its ship repair revenue.
PIL alone accounts for 30 per cent of the revenue the company rakes in from its ship repair business.
Marco Polo Marine&rsquo s reliability, Mohan said, has been the key to winning more repeat customers. He noted that when the company first worked with PIL on a water ballast installation, it was given 18 days to do so.
As the shipyard became more efficient, Marco Polo Marine was able to shorten the time needed to complete the installation works to just 14 days. And it is looking to further increase its efficiency.
&ldquo For container ships, tankers, and bulk carriers, these customers are very demanding because they&rsquo ve already chartered the vessels&hellip so when they give a window period, say 12 or 14 days, they need a reliable working partner,&rdquo Mohan said.
It also helps that Marco Polo Marine has been able to tap the large Indonesian labour market, which has allowed the company to be selective about the workers it hires.
Mohan noted that the company accepts fewer than half of the applicants for jobs at the shipyard.
Changing tides
While Marco Polo Marine mostly served oil and gas companies in the past, its focus has shifted to merchant vessels.
The company is expected to face some rough seas in the coming year as freight rates decline from pandemic highs.
The Freightos Baltic Index, a global index of container freight prices, tumbled to about US$2,246 for the week of Dec 30, 2022, from a high of US$11,109 for the week of Sep 10, 2021.
And rates are expected to fall by a further 15 to 20 per cent in 2023, according to Yuvraj Narayan, chief financial officer of Dubai-based global logistics company DP World.
Despite declining charter rates, Mohan believes the impact to Marco Polo Marine&rsquo s business will be limited as companies will still need to dock their ships every two to five years for maintenance work to be done. He added that container operators he spoke to also do not appear to be shrinking their fleets.
That said, Mohan foresees that customers could reduce their budgets and decrease the scope of work done on these ships, which would result in a slight hit to Marco Polo Marine&rsquo s margins.
To mitigate this impact, the company is trying to diversify its customer base.
Marco Polo Marine group chief executive Sean Lee noted that the company has been engaged in different projects that require a range of expertise. These, he said, include the building of offshore construction vessels, and the conversion of cargo vessels to cattle carriers.
&ldquo We are also trying to expand and reach out to new customers as well&hellip so we always target to have new anchor customers every year,&rdquo Lee said.
Ship chartering on the rise
In addition, Lee noted that the company&rsquo s ship chartering rates have improved as oil prices rise. The company currently has 12 offshore service vessels, two maintenance work vessels, and 21 tug and barges.
Charter rates for the company&rsquo s offshore vessels have risen to about US$1 per horsepower, up from US$0.75 per horsepower a year ago.
The price has been factored into contracts that will last until the end of FY2023, and is expected to be supported by crude prices of about US$80 per barrel.
UOB Kay Hian analyst Heidi Mo noted in a recent report that the lack of investment in the offshore oil industry since 2014 has led to upward pressure on utilisation and day rates of support vessels as well. The research house has raised its target price on Marco Polo Marine to S$0.048, from S$0.038 previously.
&ldquo Vessel utilisation has been improving, helped by minimal newbuilds and increased demand in Asia,&rdquo Mo said. She added that the company&rsquo s strong balance sheet and expansion efforts in the offshore wind farm sector should reap greater benefits in the long term.
Marco Polo Marine also expects to see additional growth from the commissioning service operation vessels (CSOVs) that it is currently building. These vessels will be used to install offshore wind turbines off the coast of Taiwan, Korea and Japan.
Already, the company is four to five months into the process of building its first CSOV. The vessel will begin operating in the first quarter of 2024 in Taiwan, after it signed a memorandum of understanding (MOU) with wind turbine manufacturer Vestas Taiwan in December 2022.
Marco Polo Marine has also signed MOUs with &ldquo K&rdquo Line Wind Service, an offshore support vessel services provider in Japan, as well as Namsung Shipping and HA Energy Co in South Korea to pursue similar offshore wind projects.
However, the company is having to use its internal cash resources to fund the building of new CSOVs. Each CSOV is worth about US$70 million, said Lee. He added that banks have been reluctant to lend to the company without a signed contract for the operations of CSOVs.
As the company looks to ramp up its capital expenditure, it does not expect to declare dividends in the near term.
Marco Polo Marine had a net cash position of S$50.3 million as at Sep 30, 2022. The company saw revenue climb 86.7 per cent to S$86.1 million, while net profit rose 44.4 per cent to S$21.3 million in FY2022. It currently trades at seven times its earnings, with a market capitalisation of S$149.8 million.
Notably, Lee acquired 2.5 million shares in Marco Polo Marine on Jan 12 for a consideration of S$100,000, raising his stake in the company to 4.8 per cent. In August last year, he acquired 121.8 million shares of the company for S$4 million.
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Marco Polo Marine expects to weather the storm of potential shipping slowdown
AT FIRST glance, Marco Polo Marine&rsquo s shipyard in Batam, Indonesia, appears to be deserted.
When The Business Times visited the facility on Jan 16, two bulker carriers and a ferry were parked in their respective drydocks.
But as a siren wailed through the air around noon, about 1,000 workers began filing out of the shipyard to take their lunch breaks.
In fact, according to Chandra Mohan, senior general manager of Marco Polo Shipyard, the shipyard operations arm of Marco Polo Marine, the Batam shipyard is currently 80 per cent utilised.
The shipyard experienced a boom last year, as it extended one of its drydocks to accommodate larger ships.
For the full year ended Sep 30, 2022, revenue from Marco Polo Marine&rsquo s shipbuilding and repair segment rose 59.2 per cent year on year to S$41.4 million.
The bulk of the revenue from this segment came from its ship repair services.
Today, repeat customers &ndash including Singapore shipping company Pacific International Lines (PIL), mainboard-listed Samudera Shipping and Indonesian state-owned oil and natural gas corporation Pertamina &ndash account for about 50 to 70 per cent of its ship repair revenue.
PIL alone accounts for 30 per cent of the revenue the company rakes in from its ship repair business.
Marco Polo Marine&rsquo s reliability, Mohan said, has been the key to winning more repeat customers. He noted that when the company first worked with PIL on a water ballast installation, it was given 18 days to do so.
As the shipyard became more efficient, Marco Polo Marine was able to shorten the time needed to complete the installation works to just 14 days. And it is looking to further increase its efficiency.
&ldquo For container ships, tankers, and bulk carriers, these customers are very demanding because they&rsquo ve already chartered the vessels&hellip so when they give a window period, say 12 or 14 days, they need a reliable working partner,&rdquo Mohan said.
It also helps that Marco Polo Marine has been able to tap the large Indonesian labour market, which has allowed the company to be selective about the workers it hires.
Mohan noted that the company accepts fewer than half of the applicants for jobs at the shipyard.
Changing tides
While Marco Polo Marine mostly served oil and gas companies in the past, its focus has shifted to merchant vessels.
The company is expected to face some rough seas in the coming year as freight rates decline from pandemic highs.
The Freightos Baltic Index, a global index of container freight prices, tumbled to about US$2,246 for the week of Dec 30, 2022, from a high of US$11,109 for the week of Sep 10, 2021.
And rates are expected to fall by a further 15 to 20 per cent in 2023, according to Yuvraj Narayan, chief financial officer of Dubai-based global logistics company DP World.
Despite declining charter rates, Mohan believes the impact to Marco Polo Marine&rsquo s business will be limited as companies will still need to dock their ships every two to five years for maintenance work to be done. He added that container operators he spoke to also do not appear to be shrinking their fleets.
That said, Mohan foresees that customers could reduce their budgets and decrease the scope of work done on these ships, which would result in a slight hit to Marco Polo Marine&rsquo s margins.
To mitigate this impact, the company is trying to diversify its customer base.
Marco Polo Marine group chief executive Sean Lee noted that the company has been engaged in different projects that require a range of expertise. These, he said, include the building of offshore construction vessels, and the conversion of cargo vessels to cattle carriers.
&ldquo We are also trying to expand and reach out to new customers as well&hellip so we always target to have new anchor customers every year,&rdquo Lee said.
Ship chartering on the rise
In addition, Lee noted that the company&rsquo s ship chartering rates have improved as oil prices rise. The company currently has 12 offshore service vessels, two maintenance work vessels, and 21 tug and barges.
Charter rates for the company&rsquo s offshore vessels have risen to about US$1 per horsepower, up from US$0.75 per horsepower a year ago.
The price has been factored into contracts that will last until the end of FY2023, and is expected to be supported by crude prices of about US$80 per barrel.
UOB Kay Hian analyst Heidi Mo noted in a recent report that the lack of investment in the offshore oil industry since 2014 has led to upward pressure on utilisation and day rates of support vessels as well. The research house has raised its target price on Marco Polo Marine to S$0.048, from S$0.038 previously.
&ldquo Vessel utilisation has been improving, helped by minimal newbuilds and increased demand in Asia,&rdquo Mo said. She added that the company&rsquo s strong balance sheet and expansion efforts in the offshore wind farm sector should reap greater benefits in the long term.
Marco Polo Marine also expects to see additional growth from the commissioning service operation vessels (CSOVs) that it is currently building. These vessels will be used to install offshore wind turbines off the coast of Taiwan, Korea and Japan.
Already, the company is four to five months into the process of building its first CSOV. The vessel will begin operating in the first quarter of 2024 in Taiwan, after it signed a memorandum of understanding (MOU) with wind turbine manufacturer Vestas Taiwan in December 2022.
Marco Polo Marine has also signed MOUs with &ldquo K&rdquo Line Wind Service, an offshore support vessel services provider in Japan, as well as Namsung Shipping and HA Energy Co in South Korea to pursue similar offshore wind projects.
However, the company is having to use its internal cash resources to fund the building of new CSOVs. Each CSOV is worth about US$70 million, said Lee. He added that banks have been reluctant to lend to the company without a signed contract for the operations of CSOVs.
As the company looks to ramp up its capital expenditure, it does not expect to declare dividends in the near term.
Marco Polo Marine had a net cash position of S$50.3 million as at Sep 30, 2022. The company saw revenue climb 86.7 per cent to S$86.1 million, while net profit rose 44.4 per cent to S$21.3 million in FY2022. It currently trades at seven times its earnings, with a market capitalisation of S$149.8 million.
Notably, Lee acquired 2.5 million shares in Marco Polo Marine on Jan 12 for a consideration of S$100,000, raising his stake in the company to 4.8 per cent. In August last year, he acquired 121.8 million shares of the company for S$4 million.
may buy 42 sell 44 today contra let those out 1st
TP of 55 and above
AttasBoss ( Date: 18-Jan-2023 23:42) Posted:
Ya. What is your target price?
money38 ( Date: 18-Jan-2023 15:11) Posted:
have been accumulating since it drop below 4
hopefully can huat big big from this gem |
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jiayou
yup
hopefully can breach the 52wk hi of 48 in the coming sessions
vested heavily at 38/39 levels
huat to all
colincheong ( Date: 19-Jan-2023 09:47) Posted:
Seems to be creeping up over the past few days.
Worth taking a seconf look. Might be better after CNY. |
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Seems to be creeping up over the past few days.
Worth taking a seconf look. Might be better after CNY.
Marco Polo rides the windfarm wave
SINGAPORE - When a company organises an on-site visit to its main facilities for several dozen analysts, market experts and insiders, it shows a certain level of confidence in its future.
Another sign of confidence is when the chief executive officer starts buying shares of his company off the market.
Marco Polo Marine ticked off both these boxes in recent days.
On Jan 16, the marine logistics group took several dozen analysts, stockbrokers and other market experts to Batam for a visit to its yards.
While no reports have yet been filed, several analysts told The Straits Times they were impressed with the high level of activity and asset utilisation.
Just a few days earlier on Jan 12, Marco Polo&rsquo s chief executive officer and co-founder Sean Lee Yun Feng bought 2.5 million shares of the company for $100,000, or at 4 cents each. It raised his stake in the company to 4.8 per cent from 4.73 per cent.
Besides overseeing day-to-day operations, Mr Lee also formulates the group&rsquo s business strategies and charts its future direction. In short, he knows how the business is doing.
Mainboard-listed Marco Polo builds and charters supply and support vessels for the offshore energy exploration industry.
While it started several decades ago supplying vessels for the traditional offshore oil and gas segment, the years between 2015 and 2021 were challenging as energy prices slumped and the industry was hit by oversupply.
In recent years the company has reinvented itself as a player in the fast-growing offshore windfarm segment, especially in Taiwan and Japan. It has also helped that energy prices have tripled as the Covid-19 pandemic receded.
Marco Polo has 12 offshore supply vessels or OSVs and two maintenance work vessels, as well as 21 tugboats and barges in operation.
The company is also in the business of shipbuilding, ship repair, maintenance, outfitting and conversion. The analysts and market insiders who visited its 34-hectare Batam yard, which has a 650m seafront, would have seen its three drydocking facilities and ongoing extension programmes.
Last September, the company commissioned the development of a state-of-the-art commissioning service operation vessel or CSOV at its Batam yard to expand its support to the growing windfarm sector in North-east Asia. On Dec 15, it announced it had secured its maiden contracts for this vessel, which will see it deployed in Taiwan, Japan and South Korea next year.
Recently, it also signed an agreement with a Japanese firm to explore suitable vessel building and deployment opportunities in the Japanese offshore windfarm market, marking a significant milestone entry into Japan.
Marco Polo&rsquo s CEO Sean Lee Yun Feng bought 2.5 million shares of the company for $100,000 on Jan 12, 2022. PHOTO: LIANHE ZAOBAO
As analysts noted in reports released late last year, with the strong demand from the traditional oil and gas industry and offshore windfarm sectors, charter rates have been rising. In all likelihood they will continue to head upwards due to very tight supply and lack of newbuilds.
&ldquo Going forward, with the positive outlook, we expect charter rates to rise further.,&rdquo noted RHB Invest in an August 2022 report, which had a price target of 5 cents on Marco Polo. The company&rsquo s shares closed at 4 cents on Tuesday.
Analysts also noted that besides growing its net profit, the company has managed to significantly widen its gross margin.
Indeed, while net profit for the second half of its 2022 financial year 2022 ended September rose 19 per cent to $10.5 million from $8.8 million a year earlier, its gross margin widened to 33 per cent from 27.9 per cent a year earlier.
The company&rsquo s joint venture with Oceanic Crown Offshore Marine Services and its acquisition of Taiwan-based wind vessel operator PKR Offshore last year has helped establish its market presence in Taiwan and boosted its financial performance, noted UOB Kay Hian in a December 2022 report.
Indeed, with utilisation rates at 90 per cent, the company may soon be able to pick and choose the high margin jobs. It aims to have at least 50 per cent of its fleet servicing the renewable energy sector by the second quarter of 2023, mainly in the burgeoning offshore windfarm segment in North-east Asia. China this week confirmed plans for a major push into offshore windfarms off the Hainan coast.
A major global economic slump remains a downside risk to the offshore marine industry. But a global recession if it does happen is likely to be short-lived. Another concern is geopolitics. But geopolitical uncertainty will likely boost energy prices.
With oil prices poised to stay high, demand for green energy growing and investments in renewables doubling every half year, Marco Polo appears to be in exactly the right space at the right time with its vessels, capabilities and capacity.
Little wonder that analysts were eagerly clambering onto the ferry to Batam on Monday. It will be interesting to read their reports, which could be out within the next week or two.
Company Watch
Marco Polo rides the windfarm wave
The growth of offshore windfarms is fueling demand for Marco Polo Marine' s vessels and servies.
PHOTO: REUTERS
SINGAPORE - When a company organises an on-site visit to its main facilities for several dozen analysts, market experts and insiders, it shows a certain level of confidence in its future.
Another sign of confidence is when the chief executive officer starts buying shares of his company off the market.
Marco Polo Marine ticked off both these boxes in recent days.
On Jan 16, the marine logistics group took several dozen analysts, stockbrokers and other market experts to Batam for a visit to its yards.
While no reports have yet been filed, several analysts told The Straits Times they were impressed with the high level of activity and asset utilisation.
Just a few days earlier on Jan 12, Marco Polo&rsquo s chief executive officer and co-founder Sean Lee Yun Feng bought 2.5 million shares of the company for $100,000, or at 4 cents each. It raised his stake in the company to 4.8 per cent from 4.73 per cent.
Besides overseeing day-to-day operations, Mr Lee also formulates the group&rsquo s business strategies and charts its future direction. In short, he knows how the business is doing.
Mainboard-listed Marco Polo builds and charters supply and support vessels for the offshore energy exploration industry.
While it started several decades ago supplying vessels for the traditional offshore oil and gas segment, the years between 2015 and 2021 were challenging as energy prices slumped and the industry was hit by oversupply.
In recent years the company has reinvented itself as
a player in the fast-growing offshore windfarm segment, especially in Taiwan and Japan. It has also helped that energy prices have tripled as the Covid-19 pandemic receded.
Marco Polo has 12 offshore supply vessels or OSVs and two maintenance work vessels, as well as 21 tugboats and barges in operation.
The company is also in the business of shipbuilding, ship repair, maintenance, outfitting and conversion. The analysts and market insiders who visited its 34-hectare Batam yard, which has a 650m seafront, would have seen its three drydocking facilities and ongoing extension programmes.
Last September, the company commissioned the development of a state-of-the-art commissioning service operation vessel or CSOV at its Batam yard to expand its support to the growing windfarm sector in North-east Asia. On Dec 15, it announced it had secured its maiden contracts for this vessel, which will see it deployed in Taiwan, Japan and South Korea next year.
Recently, it also signed an agreement with a Japanese firm to explore suitable vessel building and deployment opportunities in the Japanese offshore windfarm market, marking a significant milestone entry into Japan.
Marco Polo&rsquo s CEO Sean Lee Yun Feng bought 2.5 million shares of the company for $100,000 on Jan 12, 2022. PHOTO: LIANHE ZAOBAO
As analysts noted in reports released late last year, with the strong demand from the traditional oil and gas industry and offshore windfarm sectors, charter rates have been rising. In all likelihood they will continue to head upwards due to very tight supply and lack of newbuilds.
&ldquo Going forward, with the positive outlook, we expect charter rates to rise further.,&rdquo noted RHB Invest in an August 2022 report, which had a price target of 5 cents on Marco Polo. The company&rsquo s shares closed at 4 cents on Tuesday.
Analysts also noted that besides growing its net profit, the company has managed to significantly widen its gross margin.
Indeed, while net profit for the second half of its 2022 financial year 2022 ended September rose 19 per cent to $10.5 million from $8.8 million a year earlier, its gross margin widened to 33 per cent from 27.9 per cent a year earlier.
The company&rsquo s joint venture with Oceanic Crown Offshore Marine Services and its acquisition of Taiwan-based wind vessel operator PKR Offshore last year has helped establish its market presence in Taiwan and boosted its financial performance, noted UOB Kay Hian in a December 2022 report.
Indeed, with utilisation rates at 90 per cent, the company may soon be able to pick and choose the high margin jobs. It aims to have at least 50 per cent of its fleet servicing the renewable energy sector by the second quarter of 2023, mainly in the burgeoning offshore windfarm segment in North-east Asia. China this week confirmed plans for a major push into offshore windfarms off the Hainan coast.
A major global economic slump remains a downside risk to the offshore marine industry. But a global recession if it does happen is likely to be short-lived. Another concern is geopolitics. But geopolitical uncertainty will likely boost energy prices.
With oil prices poised to stay high, demand for green energy growing and investments in renewables doubling every half year, Marco Polo appears to be in exactly the right space at the right time with its vessels, capabilities and capacity.
Little wonder that analysts were eagerly clambering onto the ferry to Batam on Monday. It will be interesting to read their reports, which could be out within the next week or two.
AttasBoss ( Date: 18-Jan-2023 23:42) Posted:
Ya. What is your target price?
money38 ( Date: 18-Jan-2023 15:11) Posted:
have been accumulating since it drop below 4
hopefully can huat big big from this gem |
|
|
|
Ya. What is your target price?
money38 ( Date: 18-Jan-2023 15:11) Posted:
have been accumulating since it drop below 4
hopefully can huat big big from this gem |
|
have been accumulating since it drop below 4
hopefully can huat big big from this gem
Marco Polo Marine
On Jan 12, Marco Polo Marine : 5LY -2.44% Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000. At S$0.04 per share, the acquisition took Lee&rsquo s total interest in Marco Polo Marine from 4.73 per cent to 4.80 per cent.
Lee is the key co-founder of the group, and is responsible for the overall management and day-to-day operations, as well as the formulation of the business directions, strategies, and policies of the group.
Lee has also spearheaded the shipyard operations since their commencement in December 2005. He also started the offshore ship chartering operation in 2011, which has remained the main growth engine. The revenue for the group&rsquo s ship chartering operations increased by 122 per cent to S$44.7 million in FY22 (ended 30 Sep) from S$20.1 million in FY21, mainly attributed to the consolidation of results of PT Pelayaran Nasional Bina Buana Raya Tbk and PKR Offshore from March and May 2022 onwards respectively.
