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Maybank Research
Marco Polo Marine (MPM SP) (Maintain BUY, raising TP to SGD0.20 from SGD0.13) - Rapid growth mode
MPM secured a SGD198m contract to build a 4,000 gross tonne oceanographic research vessel over 4 years, which will add ~SGD50m in shipbuilding revenue pa and SGD4m in profit pa at an 8% net margin. The company will also add 2 AHTS vessels by the end of FY26, as well as begin building its CSOV Plus vessel in 2Q26. As a result, we lift our FY26/27E NPAT forecasts by 14.9% and 14.2%, respectively, and raise our TP to SGD0.20, based on a higher 20x FY26/27E P/E (from 14x). Maintain BUY as we believe MPM is entering a rapid growth phase from FY26E to FY30E.
Marco Polo Marine (MPM SP) (Maintain BUY, raising TP to SGD0.20 from SGD0.13) - Rapid growth mode
MPM secured a SGD198m contract to build a 4,000 gross tonne oceanographic research vessel over 4 years, which will add ~SGD50m in shipbuilding revenue pa and SGD4m in profit pa at an 8% net margin. The company will also add 2 AHTS vessels by the end of FY26, as well as begin building its CSOV Plus vessel in 2Q26. As a result, we lift our FY26/27E NPAT forecasts by 14.9% and 14.2%, respectively, and raise our TP to SGD0.20, based on a higher 20x FY26/27E P/E (from 14x). Maintain BUY as we believe MPM is entering a rapid growth phase from FY26E to FY30E.
This BB very friendly for contra players to earn easy money
Easy money for fat meat processing
Too thick the meat
Need more
pac Rad the next... laggard ..
tofudidi ( Date: 19-Dec-2025 09:41) Posted:
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show time.. 170 coming
Still in Q. Lai lai 159
Sgvale ( Date: 17-Dec-2025 13:27) Posted:
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shortie better cover now or later or bak kut
Grubber ( Date: 17-Dec-2025 15:48) Posted:
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easily breaka la
Sgvale ( Date: 17-Dec-2025 13:27) Posted:
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Q sell 159..seeking 7 pips hopefully
Sgvale ( Date: 17-Dec-2025 09:06) Posted:
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yes, possible 2 by end month
Taylor ( Date: 17-Dec-2025 11:26) Posted:
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Big meat in process
Alot crab 🦀 🦀 🦀 🦀
yes, today star
Go up leh, oil price rising thanks to Trump
Jeep 152.
So how?
nice US cut interest rate. today got chance fly 160 higher 
20 cts otw ah
If BBs decide it is going to be Marco Polo Marine then Marco it shall be.
Forget about the rest of the marine stocks.
Such is the power of BBs in SGX.
Forget about the rest of the marine stocks.
Such is the power of BBs in SGX.
PQTPQK ( Date: 10-Dec-2025 17:26) Posted:
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Pacf Rad tomorrow should be the next to cheong ...
tofudidi ( Date: 10-Dec-2025 16:26) Posted:
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Flush finish. Time to head back 160 and higher