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61-80 of 660
Nice breakout 71 going 75 now
piscesmonkey ( Date: 09-Sep-2025 11:02) Posted:
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Clear 71 going 75. Then 80
piscesmonkey ( Date: 08-Sep-2025 16:26) Posted:
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70 buyer keep coming going clear 71
piscesmonkey ( Date: 08-Sep-2025 15:33) Posted:
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Nice breakout 70 going 80 this week?
piscesmonkey ( Date: 08-Sep-2025 15:15) Posted:
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Buyer build up look like going break 70 and moving up
piscesmonkey ( Date: 08-Sep-2025 11:05) Posted:
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Once break 70 will start mlve up
Marco Polo Marine / MPM ($0.069, up 0.1 cents) announced the selection of Salt Ship Design AS (&ldquo Salt&rdquo ), a renowned Norwegian ship designer, to design the Group&rsquo s, next-generation Commissioning Service Operation Vessel &ndash the CSOV Plus. The contract was signed between the Group&rsquo s Taiwan-based subsidiary PKR Offshore Co., Ltd, Salt Ship Design and Marco Polo Shipyard Pte Ltd. &ldquo Being selected as the naval architect for the Group&rsquo s next-generation CSOV - and our very first contract signed directly with both Marco Polo Marine/PKR Offshore and Marco Polo Shipyard - is a milestone for Salt. We look forward to working closely with Marco Polo Marine and Marco Polo Shipyard to deliver a vessel that will set new benchmarks for safety, efficiency, and environmental performance in the offshore industry.&rdquo Egil Sandvik added. Marco Polo Marine&rsquo s new CSOV Plus marks a significant advancement in offshore support vessel capability. Unlike standard CSOVs and Construction Support Vessels with retrofitted walk-to-work systems, this vessel is the first purpose-built Commissioning Service Operation Vessel designed from the keel up for dual-sector operations in the offshore wind and oil & gas sectors. The CSOV Plus supports the complete lifecycle of offshore wind projects, from construction and cable installation to repairs, maintenance, and technician transfer for commissioning and ongoing operations. Its comprehensive capabilities enhance its versatility, enabling the CSOV Plus to be deployed not only in the offshore wind sector but also in the oil & gas sector. &ldquo We are thrilled to partner with the innovative team at Salt Ship Design to bring our biggest advancements in CSOV &ndash CSOV Plus &ndash to life,&rdquo said Mr. Sean Lee, CEO of Marco Polo Marine. &ldquo This vessel represents our direct response to market demands for more versatile and efficient offshore assets. By integrating advanced wind farm support with other proven oil & gas related capabilities, we&rsquo re delivering unprecedented versatility that serves clients across multiple sectors whilst maximising operational uptime and providing significant competitive advantages. We&rsquo re confident this innovative design will exceed our customers&rsquo expectations and set new industry standards for crew comfort and safety. Constructing this sophisticated vessel at our Batam facility further demonstrates the Group&rsquo s advanced shipbuilding expertise and commitment to engineering excellence.&rdquo &ldquo We are honoured that Marco Polo Marine has entrusted Salt Ship Design with the development for their CSOV Plus concept. Salt has had the privilege of working closely with Marco Polo Marine for a long period during the concept development of their next-generation CSOV, and we are very pleased to be continuing this collaboration into the next phase&rdquo said Egil Sandvik, Chairman of Salt.
Good news. This week can hit 80?
So fast 69 1 mouth clear. Last chance to buy 69? Next week going above 70
piscesmonkey ( Date: 05-Sep-2025 15:06) Posted:
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Buying today sail off next week
I guess anything &le 0.053 will be pretty safe. Just nibble some (@0.054) since got dec bonus. Treated it as fixed deposit.
Hope CEO Sean will not let me down in 13yrs' time when I start to drawdown my SRS.
Vested.
Hope CEO Sean will not let me down in 13yrs' time when I start to drawdown my SRS.
Vested.
BB is selling. up to u want to buy higher anot
Joelton ( Date: 09-Dec-2024 08:33) Posted:
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Marco Polo Marine
On Dec 4, Marco Polo Marine : 5LY 0% executive director and CEO Sean Lee acquired two million shares at S$0.053 per share. This increased his total interest from 4.72 per cent to 4.78 per cent.
Lee is a key co-founder of the group, overseeing overall management, daily operations, and strategic direction. He has been pivotal to Marco Polo Marine, spearheading the shipbuilding operations since their inception in December 2005. He also led efforts to enter new markets in shipping and shipyard operations, and helped launch the offshore ship chartering operation in 2011, which remains the group&rsquo s main growth engine.
On Dec 2, Marco Polo Marine non-executive director Darren Teo acquired 800,000 shares at S$0.052 apiece. This increased his direct interest from 0.17 per cent to 0.19 per cent.
He also holds deemed interest through Apricot Capital, which holds a total of 607,142,857 of the shares in Marco Polo Marine. Teo indirectly owns 20 per cent of the issued and paid-up share capital of the company. His preceding acquisition was a year ago, with one million shares acquired at S$0.049 per share on Dec 1, 2023.
In the week prior to the acquisitions, Lee acknowledged the challenges of FY2024 but highlighted the resilience in key business areas. He emphasised that the focus on operational efficiency and strategic expansion in renewable energy position Marco Polo Marine well to handle market uncertainties.
The group reported revenue of S$123.5 million for FY2024 (ended Sep 30), a slight decrease from S$127.1 million in FY2023, with gross profit increasing by 6.1 per cent to S$48.5 million. The shipyard segment faced lower revenue due to the construction of a new commissioning service operation vessel, while ship chartering continued to drive growth with higher charter rates and utilisation.
The group also maintained a strong net cash position of S$35.8 million as at Sep 30, 2024.
Marco Polo Marine is optimistic about future growth, supported by demand from offshore wind farms and oil-and-gas markets, and the completion of a fourth dry dock in early 2025. Its diversified business model and strategic pivot to renewables are expected to enhance profitability and asset utilisation.
It maintains a price-to-earnings ratio of 9.2 times and return on equity of 12.4 per cent. It was established in 1991, and maintains about 400 employees, with its corporate office in Singapore and operations located in Batam, Indonesia.
The stock has been among the 100 most-traded counters this year, ranking just outside the 50 stocks that booked the highest net institutional inflow.
Marco Polo Marine directors boost shareholding
Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$418 million. This inflow has shifted the balance of institutional flow for 2024 back to inflow.
Stocks that led the net institutional inflow over the five sessions until Dec 5 inclusive were DBS : D05 -1.31%, Suntec Real Estate Investment Trust : T82U +5.13%(Reit), Yangzijiang Shipbuilding : BS6 +1.89%, Sembcorp Industries : U96 -1.24%, Singtel : Z74 -2.88%, Keppel : BN4 -0.73%, Thai Beverage : Y92 -0.88%, Seatrium : 5E2 -1.47%, Jardine Matheson : J36 +1.25%and Singapore Airlines : C6L 0%.
Meanwhile, OCBC : O39 +0.18%, Wilmar International : F34 -0.97%, UOB : U11 -0.73%, Mapletree Pan Asia Commercial Trust, : N2IU 0% Hongkong Land : H78 +0.85%, Keppel Reit, : K71U +0.58% NetLink NBN Trust : CJLU 0%, Mapletree Logistics Trust : M44U -0.78%, Sats : S58 -0.79% and DFI Retail Group : D01 -1.64% led the net institutional outflow.
From a sector perspective, industrials and financial services again booked the most net institutional inflow, while real estate (excluding Reits) and materials and resources booked the most net institutional outflow.
The five sessions also saw 16 primary-listed companies conduct buybacks with a total consideration of S$117.2 million, up from the S$44.8 million in the preceding five sessions.
DBS bought back 2.6 million shares at an average price of S$43.67 per share. This takes the number of shares bought back on the current mandate to 0.11 per cent of its issued shares (excluding treasury shares). The managers of ESR-Reit also bought back three million units at S$0.26 a unit on Dec 2.
More than 50 director interests and substantial shareholdings were filed for over 25 primary-listed stocks. Directors or CEOs filed 12 acquisitions and no disposals, while substantial shareholders filed three acquisitions and no disposals.
Good time to accumulate Marco Polo Marine as all engines start to fire: Maybank
Maybank Securities analyst Jarick Seet has maintained &ldquo buy&rdquo on Marco Polo Marine 5LY (MPM) with a target price of 8 cents following the company&rsquo s FY2024 ended September results release.
In his Dec 3 note, Seet highlights that MPM&rdquo s FY2024 revenue dipped 2.8% y-o-y to $123.5 million, mainly due to the drop in repair and maintenance revenue caused by the delay of its commissioning service operation vessel (CSOV).
The delay led to fewer third party repair works in 3QFY2024, which also caused a shortage of staff to work on third party repairs. These issues, however, have been resolved and utilisation of its repair capacity has risen from 50% to about 75%, Seet adds.
&ldquo We also expect more volume driven by expansion of its fourth dry dock, which could see revenue rise 25%. The crew transfer vessels (CTVs) that it acquired are operational and will also help to boost profitability with rates expected at around US$8,000 per day,&rdquo he says.
Maybank expects MPM to add another one or two CTVs by end-2025, increasing its CTV fleet to up to five vessels.
MPM&rsquo s CSOV is close to completion and should sail to Taiwan by end-January 2025. Although issues may arise in the first six to eight months &mdash potentially bringing down its initial utilisation rate &mdash it should be smooth sailing by FY2026, says Seet.
Maybank believes that the utilisation for the first two years will be close to 95%, with rates averaging around US$50,000 per day. This should make a significant contribution to its profitability, he further points out.
&ldquo FY2025 should be a good year for MPM as all engines will start firing. We think this is a good time to accumulate MPM with the outlook clear ahead,&rdquo he adds.
https://links.sgx.com/1.0.0/corporate-announcements/UNZCWRKO56E7QQV9/827248__Sean%20Lee%20Form%201.pdf
https://links.sgx.com/1.0.0/corporate-announcements/F3K6M7FP10ZYNX6T/827056__Darren%20Teo%20Form%201.pdf
https://links.sgx.com/1.0.0/corporate-announcements/F3K6M7FP10ZYNX6T/827056__Darren%20Teo%20Form%201.pdf
Marco Polo Marine H2 net profit falls 41.5% to S$10.7 million on lower revenue
Full-year revenue down at S$123.5 million on back of decreased contributions from shipyard segment
MARCO Polo Marine posted a lower net profit of S$10.7 million for the second half of its financial year ended Sep 30, 2024, down 41.5 per cent from S$18.3 million in the previous corresponding period.
This brings the integrated marine logistics company&rsquo s net profit for FY2024 to S$21.7 million, down by 4 per cent from S$22.6 million in FY2023.
Revenue for H2 declined 12.9 per cent to S$62 million, from S$71.2 million in H2 FY2023.
This brings its full year&rsquo s revenue to S$123.5 million, down 2.8 per cent from S$127.1 million in the previous financial year.
The lower full-year revenue came on the back of decreased contributions from its shipyard segment, which experienced declines in ship repair volumes and third-party shipbuilding activities.
Despite this, its shipyard operated at a higher average utilisation rate of 91 per cent in FY2024, versus 85 per cent in the previous financial year.
Meanwhile, its ship-chartering segment clocked a higher revenue of S$71.9 million in FY2024, up 9.1 per cent on the year from S$65.9 million. This was despite the segment&rsquo s H2 revenue falling year on year by 5.8 per cent to S$39 million, from S$41.4 million in the previous corresponding period.
Higher charter rates and a favourable supply-demand environment, as well as the rechartering of third-party vessels at higher rates for short-term offshore projects contributed to the growth of the ship-chartering segment.
&ldquo Demand for offshore service vessels from the offshore oil and gas and renewable energy sectors continues to drive higher charter rates,&rdquo the company said.
For FY2024, the company had a net cash position of S$35.8 million, as at Sep 30, down 41.1 per cent from S$60.8 million for FY2023. Its net cash per share for FY2024 stood at S$0.009.
Its net asset value was at S$201.1 million for FY2024, up 9.4 per cent from S$183.9 million for FY2023. Its net asset value per share for FY2024 was S$0.054. This figure comprises its portfolio of tangible assets, including cash as well as property, plant, and equipment.
Marco Polo Marine expects its ship-chartering segment to spur growth, as the tight supply-demand balance in the offshore market is &ldquo likely to drive demand for offshore service vessels, and support higher average charter rates&rdquo .
For its shipyard segment, the company anticipates that ship repair volumes will pick up and &ldquo return to normalcy&rdquo as its third dock was freed up at the end of August 2024.
Marco Polo Marine reports lower 2HFY2024 earnings of $10.7 mil, down 42% y-o-y
Marco Polo Marine has reported earnings of $10.7 million for the 2HFY2024 ended Sept 30, down 4% y-o-y as compared to the same period last year. This brings its earnings for the FY2023 to $21.7 million, 4% lower y-o-y.
The drop in the group&rsquo s 2HFY2024 and FY2024 earnings were attributed to lower revenues from both the ship chartering and ship building and repair segments. Revenue from ship chartering saw a 6% y-o-y decrease in 2HFY2024 due to a decline in the average utilisation rate for the group&rsquo s fleet of offshore vessels.
Revenue from the group&rsquo s ship building and repair segment saw a 23% y-o-y decrease in 2HFY2024 and a 16% y-o-y decline in FY2024. This came on the back of a decrease in ship repair volume, which was partially offset by an increase in shipbuilding activities.
Total revenue for the 2HFY2024 dropped by 13% y-o-y to $62 million.
For the same period, gross profit saw a 6% y-o-y decrease to $26.3 million, while gross profit margin increased by 3 percentage points to 42%.
Ebitda fell by 15% y-o-y to $24 million in 2HFY2024 from $28.2 million in the same period last year.
FY2023 revenue fell by 3% y-o-y to $123.5 million, while gross profit for the same period saw a 6% y-o-y increase to $48.5 million.
Correspondingly, gross profit margin for FY2024 surged by 3 percentage points to 39%, due to higher charter rate from the group&rsquo s ship chartering segment.
Ebitda for FY2024 saw a decrease to $42.7 million from $43.3 million in FY2023.
Cash and cash equivalents as at Sept 30 stood at $68.8 million.
A dividend of 0.1 cent per share has been declared for the period.
Looking ahead, the group says it remains focused and committed to its strategic plan to expand in the growing energy sector.
For the group&rsquo s ship chartering segment, it adds that the OSV market remains robust due to high demand from offshore wind farms and oil and gas industries. The group expects this to persist and underpin higher charter rates.
See his brother Mermaid like that also very scary 🙀 🙏 🙏