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Current 5.1 - 5.2 is best price in days...
Many sold out after ex-dividend ...
There will be a some (I used to be one) who thought that getting share before ex-dividend will be profitable...usually buying shares for dividend only, for weak stocks will lose out as share will fall more than the dividend gained. Sigh...
Many sold out after ex-dividend ...
There will be a some (I used to be one) who thought that getting share before ex-dividend will be profitable...usually buying shares for dividend only, for weak stocks will lose out as share will fall more than the dividend gained. Sigh...
Whether is conspiracy theory or to lure peasant investors like us, putting your own money is still a nice gesture.
$53k while are peanuts to some, nobody will be throwing own money when he knows it won' t change anything.
So I would focus instead whether their CSOV biz is really that shithot and whether all milestones the mgt pitches are realised?
Vested.
$53k while are peanuts to some, nobody will be throwing own money when he knows it won' t change anything.
So I would focus instead whether their CSOV biz is really that shithot and whether all milestones the mgt pitches are realised?
Vested.
No point he buy 1 million to wayang doesn' t show any thing. His 1 million shares costs only pitence to him $53,000 and is now in RED. If really want to be meaningful, he should buy at least 10 million shares. Otherwise the share price will remain around 5 cts for another decade.
Joelton ( Date: 24-Feb-2025 09:48) Posted:
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Marco Polo Marine
On Feb 19, Marco Polo Marine : 5LY 0% non-executive director Darren Teo acquired one million shares at S$0.053 per share.
This increased his direct interest from 0.21 per cent to 0.23 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.
This brings his total interest in Marco Polo Marine to 16.4 per cent.
Hopeless Stock for some...trapped...
Opportunity for others...
Better price at 5.2 - 5.3
Opportunity for others...
Better price at 5.2 - 5.3
' Not so good news' out...dividend given...
Not for contra or short term play as easily trapped by thick resistance wall and huge spread...
Only strong holders with patience of 4 to 7 months will thou be rewarded...
Meantime 5.4 to 5.5 is good price...
https://www.theedgesingapore.com/capital/results/marco-polo-marine-records-11-y-o-y-decline-revenue-1qfy2025-expects-new-assets
Not for contra or short term play as easily trapped by thick resistance wall and huge spread...
Only strong holders with patience of 4 to 7 months will thou be rewarded...
Meantime 5.4 to 5.5 is good price...
https://www.theedgesingapore.com/capital/results/marco-polo-marine-records-11-y-o-y-decline-revenue-1qfy2025-expects-new-assets
Not dead yet.. going down more?🤐 🤐 🤐
A dead stock. Dont ever invest your money in such stocks.
Joelton ( Date: 15-Feb-2025 13:26) Posted:
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Marco Polo Marine records 11% y-o-y decline in revenue for 1QFY2025, expects new assets to contribute positively soon
Marco Polo Marine has recorded a 11% y-o-y decline in its revenue for the 1QFY2025 ended Dec 31, 2024 of $25.8 million, following lower revenues from both its core ship chartering and shipyard segments.
As such, the group&rsquo s gross profit dropped 9% y-o-y for the reporting period to $10.6 million, while gross profit margin improved by 1.1 percentage points (ppts) y-o-y.
In its ship chartering business, revenue decreased by 13% y-o-y mainly due to lower third party chartering income from Taiwan. This decrease was partially offset by higher charter rates of utilised vessels and marginal improvement of 1 ppt in average fleet utilisation.
The group says that the decline in demand for the re-chartering of third-party vessels in Taiwan is expected to persist through the rest of 1QFY2025.
Revenue from shipyard decreased 9% y-o-y due to a decline in ship building activities. This was offset by an increase in ship repair projects that saw yard utilisation rates improve by 4 ppts to 83%.
Strong momentum in average utilisation rates of the group&rsquo s shipyard for ship repair services in 1QFY2025 is anticipated to persist through FY2025.
In Feb, Marco Polo expects to see the completion of Commissioning Service Operation Vessel (CSOV) and Drydock 4, and the acquisition of three Crew Transfer Vessels (CTVs). The group anticipates these assets to start contributing positively to the group&rsquo s financial performance from 2HFY2025 onwards.
&ldquo Although revenue declined in 1QFY2025, the group&rsquo s performance remains within our expectations for the period. We look forward to 2HFY2025, where we will start to see the benefits of our investments from the past two years, and their full contributions from FY2026 onwards,&rdquo said Sean Lee, CEO of Marco Polo Marine .
Tai Sin Electric' s earnings up 129.3% y-o-y, growth in public sector construction and data centre developments in S' pore
Tai Sin Electric has reported a 129.3% y-o-y increase in earnings for the 1HFY2025 ended Dec 31, 2024 of $15.9 million.
Earnings per share for the group in the reporting period came in at 3.45 cents, up from the 1.50 cents in the same period a year ago.
The mainboard listed cable and wire manufacturing company saw a 20.10% y-o-y growth in revenue for the reporting period of $235.1 million, and gross profit grew 27.95% y-o-y to $41.3 million.
The group says that revenue increase was across all of the segments except for its switchboard segment.
The increase in the cable and wire segment was due to growth in public sector construction activities and data center developments in Singapore. In Malaysia and Vietnam, revenue improvements were due to exports to the Philippines and Cambodia.
The electrical material distribution segment saw an increase from the building and infrastructure (BIF) cluster, chemical, oil & gas (COG) cluster, marine (MAR) cluster and electronic
(ELN) cluster supported by the growth of these clusters&rsquo activities in Singapore and Malaysia.
Revenue from the test & inspection (T& I) segment increased from heat treatment and non-destructive testing activities, as more jobs were carried out for both the ongoing and new projects in Indonesia.
Meanwhile, revenue from the switchboard segment declined due to less projects in Brunei.
The group&rsquo s other operating income increased from $2.795 million in 1HFY2024 to $3.328 million in 1HFY2025 due to a $2.199 million gain on the disposal of a Cambodian subsidiary under the T& I segment.
Cash and cash equivalents increased to $36.2 million, while the group' s net cash from operating activities came in at $7.3 million for the reporting period.
The group has announced an interim one-tier tax exempt dividend of 0.75 cents per ordinary share, paid out on March 12, 2025.
This counter no good for contra nor shorting as spread too big and wall too thick...likely will be trapped...
Good price 5.4 to 5.5c can accumulate
This is a good example of asset light way of growth at low cost.
Is MPM ready for it? I guess not...
https://www.theedgesingapore.com/news/stocks-watch/our-2025-picks-beng-kuang-marine--asset-light-model-ride-industry-growth
Is MPM ready for it? I guess not...
https://www.theedgesingapore.com/news/stocks-watch/our-2025-picks-beng-kuang-marine--asset-light-model-ride-industry-growth
I thot I read sometime back that CEO Sean was one of the best value-for-money CEO in terms his salary vs co performance? If what he preached came to fruition then I would say is jusified. Eg the dock4 is avail for ship repair, rates go up and its wind farm biz bring in postive cashflow.
at 5.5c i guessed the risk is limited.
at 5.5c i guessed the risk is limited.
ysh2006 ( Date: 19-Jan-2025 06:42) Posted:
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No money still want to give ang pow and self increase salary pay and dividend...
Marco Polo Marine responds to Sias on why it raised wages, bonuses despite revenue drop
It says the rise is in line with expansion plans, and that it was based on FY2023&rsquo s performance
INTEGRATED marine logistics company Marco Polo Marine : 5LY -1.79% said that the increase in its wages, salaries and bonuses in FY2024 was &ldquo in line with the expansion plans&rdquo that the group had undertaken in recent years.
The company was responding to questions from the Securities Investors Association (Singapore), or Sias, ahead of its annual general meeting on Friday (Jan 17).
Sias had asked the company to justify its &ldquo significant increase&rdquo in wages, salaries and bonuses from S$8.2 million in FY2023 to about S$11 million in FY2024, given that the company&rsquo s total revenue had fallen by 3 per cent, including a substantial drop in ship repair revenue.
Marco Polo Marine replied that a large part of the bonuses paid out in FY2024 was based on the group&rsquo s performance in FY2023, when its revenue and adjusted profit after tax had gone up by 48 per cent and 83 per cent year on year, respectively.
It highlighted that even though revenue declined in FY2024, gross profit and adjusted net profit after tax recorded a year-on-year increase of 6 per cent and 4 per cent, respectively.
It also noted that one of its three docks had been used exclusively for the building of a commissioning service operation vessel (CSOV) from May to August last year, reducing the group&rsquo s capacity for revenue-generating ship-repair projects.
Sias asked the company whether the completion timeline for its CSOV had shifted from the first quarter to October last year, and then to the first half of this year. It also wanted to understand the operational challenges or technical complexities that have arisen in its design and construction phases.
Skilled labour
The company responded that the CSOV was now &ldquo in the final stages of completion and is slated to be ready by end-February&rdquo . It cited the shortage of skilled, experienced labour in early 2024 as a factor for the delay. That issue has since been largely resolved.
Marco Polo Marine also confirmed that construction of the CSOV &ldquo has remained within the initial budget of US$60 million&rdquo .
Sias also queried how the company would compete against Chinese shipyards, given that the reopening of the yards in China have lowered demand for ship-repair services.
The company replied that while demand for such services had initially declined, it has since &ldquo returned to normal&rdquo .
&ldquo In FY2024, the average utilisation of our docks for ship repair was 91 per cent, compared to 84 per cent in FY2023,&rdquo it added.
Sias noted that the company had announced on Jan 2 that its audited financial statements contained &ldquo certain material reclassification differences&rdquo , compared with its unaudited financial statements, with those differences amounting to as much as S$6.5 million.
The company had said that these adjustments were made as the non-controlling interest balance required an adjustment to correct an arithmetic discrepancy, to which Sias asked for further details.
Marco Polo Marine said that there was an overstatement of the group&rsquo s non-controlling interest balance against its foreign currency translation reserves in its FY2024 results announced on Nov 28, 2024. A reclassification adjustment was thus needed to correct the non-controlling interest balance.
Sias also asked for the key strategic initiatives that would drive growth in the offshore support vessel segment.
In response, the company pointed out that governments in Asia have set &ldquo ambitious, multi-year policy targets&rdquo to meet their offshore wind energy demands.
&ldquo The sector&rsquo s potential for growth is substantial, as many of these projects are still in the early stages or have yet to begin.&rdquo
The company thus intends to expand its exposure to the offshore wind-energy sector in Asia.
On the way up?
Dydd
https://www.theedgesingapore.com/capital/brokers-calls/rhb-keeps-buy-call-marco-polo-marine-raises-earnings-estimates-higher
Dydd
https://www.theedgesingapore.com/capital/brokers-calls/rhb-keeps-buy-call-marco-polo-marine-raises-earnings-estimates-higher
Overcoming obstacles
https://www.straitstimes.com/business/companies-markets/singapore-marine-firm-builds-wind-farm-vessel-marco-polo-marine-enterprise-singapore-keep-growing
https://www.straitstimes.com/business/companies-markets/singapore-marine-firm-builds-wind-farm-vessel-marco-polo-marine-enterprise-singapore-keep-growing
Is it firing on all engines? The next earning will tell.
Accumulation these few days at 5.4 to 5.5...
https://www.theedgesingapore.com/capital/brokers-calls/good-time-accumulate-marco-polo-marine-all-engines-start-fire-maybank
This appears ready to show it' s might.