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Then the one who hold the shares would want a higher price for the share which is not really a bad thing correct?
SmallSmall ( Date: 17-Jun-2021 10:38) Posted:
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this one got nice chart.. if 31/32 cleared then 40 series are within sight.. not many people want to short this also.. so hope can move within next few days..
Not everything is report out sell liao. It is just beginning to recover from the abyss.
If you have waited so long for the industry to recover, you probably won' t sell.
Conversely, if you have been waiting to buy on recovery, this is the time.
Everything stock has a inflexion point. This one no different.
Of course it is tough with so many shares issued as debt settlement. This is the only dampener.
If you have waited so long for the industry to recover, you probably won' t sell.
Conversely, if you have been waiting to buy on recovery, this is the time.
Everything stock has a inflexion point. This one no different.
Of course it is tough with so many shares issued as debt settlement. This is the only dampener.
coolbear123 ( Date: 16-Jun-2021 14:57) Posted:
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Marco Polo Marine a play on renewable energy: RHB
MARCO Polo Marine, which repairs and builds ships, could be a play on the renewable energy theme, said RHB.
The brokerage has initiated coverage on Marco Polo with a " buy" call and a target price of 4.1 Singapore cents, citing growth potential from the company' s entry into the offshore windfarm space.
Marco Polo is also in the business of chartering offshore support vessels (OSVs), and has begun serving windfarms in Taiwan.
In a Wednesday report, RHB analyst Jarick Seet said that Marco Polo' s diversification is expected to bear fruit in the next one or two years.
" We expect to see an earnings rebound, and the group to record a turnaround back to strong profitability in the next two to three years," he said.
RHB' s report said windfarm projects in Taiwan must be serviced by vessels built outside of China. Such vessels must also be fewer than 12 years old. But because 80 to 90 per cent of the OSVs within that age range are built in China, Marco Polo has carved a niche for itself.
Mr Seet believes that Marco Polo will expand its Taiwan operations, likely looking to double its fleet in this area by end-December.
" In addition, we are confident that it will likely look towards growing its chartering fleet once the utilisation rate exceeds 85 per cent. It will also likely aim to have at least 50 per cent of the fleet serving the renewable energy sector," he said, adding that its chartering fleet utilisation rate is likely to rise to 80 per cent by second half of 2022, from 60 per cent currently.
Meanwhile, he said, a resumption of activity in the oil and gas industry has boosted Marco Polo' s shipyard division. Shipbuilding and repair revenue increased 34.5 per cent year on year in H1 FY2021.
This is expected to extend into FY2022, and Marco Polo is now planning to expand and increase the capacity of its Dry Dock 1 to cope with the demand spike.
Increased construction sector activity is also expected to benefit Marco Polo, which has a fleet of 24 tug and barge vessels and can transport bulk goods such as coal, iron ore and sand.
These vessels had a utilisation rate of close to zero per cent when construction ground to a halt last year, Mr Seet said, before climbing to the current 50 to 60 per cent as vaccines were rolled out and the sector came back to life.
RHB projects utilisation rates will improve to between 70 and 80 per cent by the end of 2022, and rates per vessel should recover to an average of S$50,000 to S$60,000 a month from S$40,000 at present.
Previously a heavily indebted company, Marco Polo had in FY2018 raised S$60 million from strategic investors and undergone a debt restructuring exercise.
" Marco Polo is one of the rare few listed oil and gas service providers to emerge from the oil and gas crisis and the Covid-19 pandemic with no debt and a net cash balance sheet," said Mr Seet. " It is one of a very small handful of O& G service providers listed in Singapore that has net cash."
Marco Polo Marine' s mainboardlisted stock rose 3.5 per cent or 0.1 Singapore cent to finish Wednesday at three cents.
I mean brokerage report
lp2000 ( Date: 16-Jun-2021 14:54) Posted:
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Just go and read up a bit..the scheme of arrangement at 2017 at 0.028? Think 2 billions shares
..that means all stuck at 2017 can come out to sell liow mb should monitor first before buying...
..that means all stuck at 2017 can come out to sell liow mb should monitor first before buying...
Accumulating process now!
Big block at 3.1 cts. May be accumulating? Good luck
ykjuay ( Date: 16-Jun-2021 15:24) Posted:
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fund mgr, throw their shares from left hand to right hand creating fake vol, u can buy but need to keep long, better than FD(fixed deposit) but hv some risks
Ok thks..
coolbear123 ( Date: 16-Jun-2021 14:57) Posted:
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To put it simply, time to get out and run
Luvluv ( Date: 16-Jun-2021 14:53) Posted:
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when is the report expected to be out?
desmondxyz ( Date: 16-Jun-2021 14:50) Posted:
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Sorry, new bird here..
just curious, usually when share price up, the sell volume gets lesser. How come this Marco seems like the higher the price, the more the sellers? Like now, huge wall to clear 31 with over 92mil ?
just curious, usually when share price up, the sell volume gets lesser. How come this Marco seems like the higher the price, the more the sellers? Like now, huge wall to clear 31 with over 92mil ?
Warrant interest coming in strongly today, if mother share continues to go up , mb got show..like thomson medical
SmallSmall ( Date: 16-Jun-2021 14:20) Posted:
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when report out, it' s selling time....
SmallSmall ( Date: 16-Jun-2021 13:59) Posted:
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This will have similar movement as Oceanus. Oceanus buyers are flopping to this.
this stock needs estimate 1 year to up 1 ct
There is also a warrant for those who are interested. Exercise price $0.035
$0.041 target
RHB has initiated coverage on Marco Polo Marine with a " buy" call and a target price of 4.1 Singapore cents, on an expected turnaround on renewable energy.
RHB has initiated coverage on Marco Polo Marine with a " buy" call and a target price of 4.1 Singapore cents, on an expected turnaround on renewable energy.
5 cts otot for longer term..
tankoksee ( Date: 21-May-2021 09:58) Posted:
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