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MarcoPolo Marine
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Marco Polo - IPO
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HuatAh7898
Elite |
17-Jul-2025 17:55
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Time for profit taking at these levels Dydd | ||||
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Newbie85
Senior |
17-Jul-2025 17:38
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Watching if Marco will do a Thomson tomorrow or not. all the sell queues become thin. Haha |
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eric998
Supreme |
13-Jul-2025 14:35
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Oil stock is when people sell, you buy, when people buy, you sell, but human psychology is always buy high and sell low. When low nobody dare to buy, when high all chase. Usually I don?t contra oil stocks, keep when bought low, one day it will have its day.
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HuatAh7898
Elite |
13-Jul-2025 08:13
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This counter price goes up and down along with oil price movements If go lower will go in and scoop |
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Nippon72
Veteran |
12-Jul-2025 18:41
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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I realised a stock can have all the +ve numbers, won contracts or in the nascent industry etc, if market is not interested is of no use. If this is under the EQDP radar maybe will rekindle interests, else keep brewing time can only tell. The catalyst is probably the original white knights are not selling and mgt has skin in the game. Vested. |
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HuatAh7898
Elite |
12-Jul-2025 11:46
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The 4th dry dock will be able to contribute to income of 2H FY2025 Dydd
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HuatAh7898
Elite |
11-Jul-2025 18:05
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Selling continue today at 45 7.23m, but will absorbed continue to accumulate
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HuatAh7898
Elite |
10-Jul-2025 20:18
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Today there were selling pressures at 45 Which direction will it go tomorrow from 45 level?
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Joelton
Supreme |
10-Jun-2025 11:01
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RHB lowers Marco Polo Marine&rsquo s target price by 1 cent as it lowers FY2025 - FY2027 earnings estimates
RHB Bank Singapore analyst Alfie Yeo has lowered his target price on Marco Polo Marine(MPM) from 8 cents to 7 cents, as he lowers his earnings estimates for FY2025 to FY2027 by 13% per year.
Yeo&rsquo s net profit estimate for FY2025 is now at $24 million, putting his recurring P/E estimate at 6.85 times. His net profit estimates for FY2026 and FY2027 are at $26 million and $28 million respectively, putting his recurring P/E estimates at 6.31 times and 5.85 times.
The lowered estimates come after MPM reported lower-than-expected earnings in the 1HFY2025. For the six months ended March 31, MPM&rsquo s revenue fell by 14% y-o-y to $53 million. The lower figure factored in the temporary loss of third-party shipyard revenue during the construction period of its commissioning service operation vessel (CSOV). MPM&rsquo s ship chartering revenue decreased by 3% y-o-y to $32 million.
That said, Yeo continues to like the stock as he sees MPM&rsquo s earnings drivers remaining intact. The analyst, who has a &ldquo buy&rdquo call on MPM, believes that the deployment of its new CSOV will spark higher growth and an increased bottom line.
&ldquo The vessel has secured charters at robust rates for the next three years, and is taking on more orders beyond that,&rdquo says Yeo in his June 5 report.
The analyst also sees MPM&rsquo s shipyard revenue to improve thanks to higher capacity from its fleet size and shipyard capacity. MPM&rsquo s fleet is anticipated to expand to include two crew transfer vessels (CTVs) for Siemens Gamesa&rsquo s offshore wind projects in Taiwan and South Korea from 2024 to 2026, while it has a fourth new dry dock which adds shipyard capacity.
Plus, with its CSOV now deployed, the higher shipyard capacity should support a revenue turnaround in the subsequent quarters, says Yeo.
Despite his reduced earnings forecast, Yeo expects MPM&rsquo s gross profit margin (GPM) to improve due to stronger ship chartering margins from attractive CSOV charter rates.
In the 1HFY2025, MPM&rsquo s GPM rose by 5.3 percentage points to 41.3% from the reduction of re-chartering third-party vessels.
The company&rsquo s shipyard revenue in 2HFY2025 is expected to improve sequentially as well thanks to higher capacity.
As Yeo&rsquo s estimates are predicated on improved charter and utilisation rates, key risks include the underperformance of these aspects.
Looking at MPM&rsquo s balance sheets, capex is expected to taper in FY2026 and FY2027, supporting higher free cash flow yields of 15.5% and 17.3%, respectively.
MPM&rsquo s 1HFY2025 net profit now forms 44% of Yeo&rsquo s revised estimates.
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Joelton
Supreme |
19-May-2025 12:37
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Marco Polo Marine
On May 13, Marco Polo Marine non-executive director Darren Teo bought one million shares at S$0.044 apiece. This increased his direct interest in the integrated marine logistics group from 0.26 per cent to 0.29 per cent. It followed the regional integrated marine logistics company, which principally engages in ship chartering and shipyard businesses, reporting its H1 FY 2025 (ended Mar 31) results on May 9. His preceding acquisition also totalled one million shares at S$0.049 apiece on Mar 4.
Additionally, he has deemed interest through Apricot Capital, which holds 607,142,857 shares in Marco Polo Marine. He indirectly owns 20 per cent of Apricot Capital&rsquo s issued and paid-up share capital, bringing his total interest in Marco Polo Marine to 16.46 per cent.
The group&rsquo s revenue for H1 FY 2025 was S$52.7 million, down 14 per cent from S$61.6 million in H1 FY 2024. This decline was primarily due to reduced revenue from shipyard operations. At the same time, the gross margin improved by 5.2 percentage points to 41.3 per cent in H1 FY 2025, driven by higher margins in the ship chartering segment due to reduced rechartering of lower-margin third-party vessels in Taiwan. This saw net attributable profit decrease by 3 per cent, from S$11 million to S$10.6 million.
Marco Polo Marine CEO Sean Lee noted that Q2 FY 2025 had progressed as expected, laying the groundwork for future growth. He highlighted that with the successful deployment of the new CSOV, the Wind Archer, in mid-April, the group is starting to see the benefits of its strategic investments over the past two years and anticipate a stronger performance in its H2 FY 2025.
Lee added that the diversification into the renewable energy sector, alongside the established oil & gas business, has bolstered the group&rsquo s resilience and positioned it well to seize opportunities in today&rsquo s dynamic geopolitical landscape.
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Joelton
Supreme |
09-May-2025 10:03
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Marco Polo Marine reports lower 1HFY2025 earnings of $3.4 million, chartering revenue to drive growth ahead
Marco Polo Marine has reported earnings of $10.6 million for its 1HFY2025, down 3.4% y-o-y.
If forex and one-off items such as disposal gains were excluded, its adjusted net profit would be $9.6 million down 13.7% y-o-y.
Revenue in the same period was down 14.4% y-o-y to $52.7 million, with lower revenue from its shipyard operations, which was 28% y-o-y lower to $20.7 million.
On the other hand, its gross margin improved by 5.2 percentage points with a bigger proportion of revenue from its higher-margin chartering segment.
The company has recently deployed the Wind Archer, a commissioning service operation vessel (CSOV).
This will help bring in more chartering revenue in the coming quarters.
" We are beginning to realise the benefits of our strategic investments over the past two years and expect a stronger performance in the second half of FY2025," says CEO Sean Lee.
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money4life
Senior |
21-Apr-2025 11:30
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MPM right on track for delivering CSOV MP WIND ARCHER  should be a good piece of news
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ttmmfast
Member |
21-Apr-2025 10:11
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Only container ships. And USA not the only destination. Have impact on shipping and all goods they carry into and out of USA. MPM is marine services. Only thing if USA backing from climate change. But we know US politics is ruled by Money. The mega-rich has enough for 10 generations, you think they not care about climate change. They will pressure Trump or there will be an eventual carbon tax of Made In USA. My 2 cents worth. |
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guiren
Veteran |
18-Apr-2025 20:14
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Trump administration announces fees on Chinese ships docking at U.S. portsShipping industry , ,,,Bye ,, bye YZJ ,, see you below $1,, MarcoPolo ,, see you below $0.04 ,, |
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money4life
Senior |
14-Apr-2025 14:12
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Is there share buyback mandate for Marco? Thought CEO bought in at 5.3 and 4.9 cents | ||||
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Joelton
Supreme |
03-Mar-2025 10:34
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Marco Polo Marine bets on renewables for future growth
The company&rsquo s revenue mix will rely on oil and gas for now
THE pivot to the renewable energy sector for Macro Polo Marine (MPM) was something that CEO Sean Lee has been pondering for a while.
In the quest to turn around the business as oil and gas demand for vessels cooled in 2019, Lee and Darren Teo, managing partner at Apricot Capital (a major shareholder of MPM) had a conversation on pivoting to the renewable energy sector. A think tank was set up and ideas were bounced about for a year, but nothing concrete arose.
It took a vessel charter from a Taiwanese company to pique Lee&rsquo s interest in 2020. It was during Covid-19, and Lee made multiple trips to Taiwan, enduring long quarantines to talk to vessel charterers there.
&ldquo I realised that our vessels were working for the wind farms there, at that moment I thought it was an opportunity, we could repurpose our vessels to work for a different industry,&rdquo said Lee.
Further research to understand the market revealed a gap in the commissioning service operation vessel (CSOV) and the service operation vessel (SOV) space. SOVs offered little by way of margins, but CSOVs were looking attractive.
CSOV is a vessel that would house both its crew and technicians as well as provide a platform for equipment to work on offshore wind farms.
When MPM decided to build its own back in 2020, there were only 23 active CSOVs in the market, all based in Europe. While another 15 were under construction, MPM wanted to plug the gap in Asia. &ldquo This is a neglected market, and European players found operating in Asia a challenge. That&rsquo s where we found an advantage in being an Asian player,&rdquo explained Lee.
There were plans to initially repurpose an anchor handling tug vessel to build MPM&rsquo s first CSOV. However, further research showed that it was not suitable, leading the company to design and build their own after getting inputs from the various partners in the ecosystem.
Considering the different demands that various customers wanted, Lee noticed that comfort was a common topic. &ldquo So I thought let&rsquo s do an Asian version of that,&rdquo he said.
Commercial vessels typically have a spartan interior. But MPM&rsquo s new CSOV &ndash the MP Wind Archer &ndash is outfitted with soft lighting and design features that would not be out of place in an interior designer&rsquo s showcase.
Other creature comforts such as a cinema, a karaoke room and a lounge with a massage chair are available for the crew and technicians on the boat. Coupled with air conditioning with 100 per cent redundancy to deal with Taiwan&rsquo s summer, the Wind Archer is markedly different from other CSOVs.
The vessel can accommodate up to 110 personnel, and these touches are meant to aid in retaining personnel working in the harsh offshore environment.
&ldquo It&rsquo s a balancing game at the end of the day we are trying to differentiate ourselves from the rest of the players,&rdquo pointed out Lee.
There is also another added benefit of going into CSOVs, as the oil and gas sector has started utilising CSOVs as well for offshore operations.
The Wind Archer has charters for the next three years.
Coupled with the expected completion of the Drydock 4 and the acquisition of three crew transfer vessels, MPM expects these assets to contribute to financial performance from the second half of 2025.
The most recent first-quarter 2025 update showed revenue falling 11 per cent to S$25.8 million from S$29.1 million in Q1 2024. MPM did not report net profit in its Q1 update.
Both its business units &ndash ship chartering and shipyard &ndash saw declines in Q1 2025 revenue contributions.
Ship-chartering revenue for the quarter fell 13 per cent due to lower third&ndash party chartering income from Taiwan. This was offset by higher charter rates of utilised vessels and a marginal improvement of average fleet utilisation rate from 70 per cent to 71 per cent.
Shipyard revenue for Q1 2025 dipped 9 per cent, driven by a decline in ship-building activities. This was offset by an increase in ship-repair projects which drove up yard utilisation rates to 83 per cent from 79 per cent.
Looking ahead, MPM&rsquo s revenue mix will still rely more on oil and gas rather than renewables in the short term, as the company lacks enough vessels to support the new segment.
But Lee believes that the revenue mix will be more balanced between the two sectors in the future.
&ldquo The fact that we are doing more capex in the wind industry, a larger percentage will go to pure wind farms rather than oil and gas,&rdquo he added.
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Joelton
Supreme |
17-Feb-2025 09:17
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Marco Polo Marine
On Feb 11, Marco Polo Marine : 5LY -3.57% executive director and CEO Sean Lee acquired one million shares at an average price of S$0.054 per share.
This took his total interest in the regional integrated marine logistics company to 4.8 per cent, from 4.78 per cent. His preceding acquisition was on Dec 4, with two million shares acquired at S$0.053 apiece.
Lee has been the company&rsquo s chief executive since September 2007. He is responsible for setting the business strategies and directions for the group, and managing its business operations. He has gradually increased his total interest in the company from 0.23 per cent as at end-2017.
Marco Polo Marine reported revenue of S$123.5 million for FY2024 (ended Sep 30), down from S$127.1 million in FY2023. Its ship chartering segment continued to drive growth, benefiting from higher charter rates and robust demand from the offshore oil-and-gas and renewable energy sectors.
Conversely, its shipyard segment&rsquo s revenue was affected by the construction of a new commissioning service operation vessel (CSOV), which led to lower ship repair volumes and reduced third-party shipbuilding activities.
Last week, the management of Marco Polo Marine hosted a broad mix of market participants on Wind Archer, the new CSOV, which is designed to meet Asia&rsquo s growing demand for support vessels in the offshore wind farm industry.
The S$60 million vessel is equipped with the latest walk-to-work motion-compensated gangway for safe personnel transfer, and a 3D motion-compensated crane for cargo transfer.
It features state-of-the-art green technology, including a hybrid battery-based energy storage system that reduces carbon emissions by 15 to 20 per cent, and is designed to be future-ready for methanol fuel use.
The vessel can accommodate up to 110 people. Its amenities include a gym with windows, a cinema room, spacious kitchen facilities and multiple gathering rooms.
Wind Archer will soon set sail to be deployed across various offshore wind farm projects in Taiwan. The charter rates are kept confidential due to the competitive nature of the growing offshore wind sector.
Marco Polo Marine&rsquo s strategic pivot towards the renewable energy sector has helped to diversify its customer base, in addition to increasing its asset utilisation. Its net asset value stood at S$201.1 million as at FY2024, up from S$183.9 million in FY2023.
The company has a cash position of S$68.8 million, with net cash amounting to S$35.8 million after accounting for borrowings.
Marco Polo Marine is headquartered in Singapore. Meanwhile, its shipyard is in Batam and occupies more than 34 hectares of land. In FY2024, the shipyard operated at an average utilisation rate of 91 per cent, compared with 84 per cent in FY2023.
The company&rsquo s fourth dry dock commenced construction in May 2024, and is expected to be completed in the first half of this year. The new dry dock will be used for building, maintaining and repairing ships, which will further strengthen Marco Polo Marine&rsquo s capabilities. Revenue recognition from the dry dock is expected to start in H2 2025.
The remainder of Marco Polo Marine&rsquo s fleet &ndash which includes vessels such as offshore support vessels, maintenance work vessels, tugboats and barges &ndash supports its operations in the offshore market.
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Joelton
Supreme |
17-Feb-2025 09:16
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Marco Polo Marine CEO increases stake ESR Reit buys back 5 million units
OVER the five trading sessions from Feb 7 to 13, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$63 million, partially reversing the net outflow of S$169 million in the preceding five sessions.
This brings the net institutional outflow for the year to Feb 13 to S$633 million.
Institutional flows
The stocks that led the net institutional inflow over the five sessions included Singtel : Z74 -1.47%, Seatrium : 5E2 +1.18%, Singapore Exchange : S68 -5.79% (SGX), CapitaLand Integrated Commercial Trust : C38U +1.03%, CapitaLand Ascendas Real Estate Investment Trust : A17U -0.78% (Reit), Yangzijiang Shipbuilding : BS6 +2.61%, CapitaLand Investment : 9CI 0%, Yangzijiang Financial : YF8 +1.92%, Rex International : 5WH 0% and Suntec Reit : T82U 0%.
Meanwhile, the counters that led the net institutional outflow included OCBC : O39 +0.29%, DBS : D05 -0.49%, Keppel : BN4 0%, Sembcorp Industries : U96 +1.12%, Mapletree Industrial Trust : ME8U 0%, UOB : U11 +1.09%, Frasers Centrepoint Trust : J69U +0.48%, Sats : S58 -1.19%, ComfortDelGro : C52 +1.47% and Hongkong Land : H78 +4.07%.
Consequently, over the five sessions, telecommunications and industrials recorded the highest net institutional inflow, while financial services and utilities posted the most net institutional outflow.
Singtel booked S$112 million of net institutional inflow over the five sessions, bringing its net institutional inflow for the year to Feb 13 to S$235 million.
On Feb 7, the telco announced that its regional data centre arm, Nxera DCT, secured a S$643 million five-year green loan to develop a 58-megawatt data centre in Singapore.
The loan will fund the development and capital expenditure of DC Tuas, which is intended to be the &ldquo most hyper-connected green data centre&rdquo and have the highest power density in the country.
The data centre was awarded the Green Mark Platinum certification, reinforcing the group&rsquo s commitment to sustainable design and operations.
Share buybacks
Over the five sessions, four primary-listed companies conducted buybacks, with a total consideration of S$129,251, similar to the S$130,882 filed during the preceding five ones.
The decline in buyback filings is seasonal, attributable to the busy schedule for releasing full-year financial statements in February. As a best practice, companies should avoid buying back their shares in the month immediately preceding the release of their full-year financial statements.
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superlegend
Member |
20-May-2021 19:02
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The next clean energy play http://www.smallcapasia.com/a-deep-value-stock-riding-the-clean-energy-trend/ |
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tankoksee
Supreme |
20-May-2021 06:51
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this co looks great n going places.. current valuation cheap n undemanding.. outlook positive n visible... worth at least 5 cts .. 
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