Do not conform to the pattern of this world but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is—his good, pleasing, and perfect will.

Romans 12:2-4 NIV

MARCO POLO MARINE

Listed on the Mainboard of the SGX-ST since 2007, Marco Polo Marine Ltd is a reputable regional integrated marine logistics company which principally engages in shipping and shipyard operations.

The Group’s shipping business relates to the chartering of Offshore Supply Vessels (“OSVs”) for deployment in regional waters, including the Gulf of Thailand, Malaysia, Indonesia, and Taiwan, as well as the chartering of tugboats and barges to customers, especially those which are engaged in the mining, commodities, construction, infrastructure, and land reclamation industries.

Under its chartering operations, the Group has diversified its activities beyond the oil and gas industry to include the support of offshore wind farm projects. The burgeoning offshore wind energy industry in Asia is at a nascent stage where structures are being installed, which presents tremendous opportunities for the Group whose fleet can support the development of these projects.

The Group’s shipyard business relates to shipbuilding and providing ship maintenance, repair, outfitting, and conversion services carried out through its shipyard located in Batam, Indonesia. Occupying a total land area of approximately 34 hectares with a seafront of approximately 650 meters, the modern shipyard also houses three dry docks, boosting the Group’s technical capabilities and service offerings to undertake projects involving mid-sized and sophisticated vessels.

For more information, please refer to our corporate website: www.marcopolomarine.com.sg

FY2023  RESULTS ANNOUNCEMENT

EST 3 DEC 2023

COMMON FAQ

RESPONSES TO QUESTIONS RECEIVED FROM AGM 2020

RESPONSES TO QUESTIONS RECEIVED FROM AGM 2021

SGX 10 IN 10

SGX 10 IN 10 AS AT JULY 2021


Recent Developments


Investment Merits

  • Attractive Valuation. Assets backed by hard assets, including cash and PPE. The Group owns a shipyard in Batam (occupying more than 34 ha of land area) and 14 OSVs, 2 MWVs and 10 tugboats and barges.
  • Strong net cash position of S$50.2 million as of 31 Mar 2023.
  • Turnaround efforts bear fruits as the Group turns EBITDA positive.
  • Pivoting to renewables to increase utilization and boost profitability.

In The News


    Research

    Brokerages Report Analysts Recommendation TP
    UOB Kay Hian Download File Heidi Mo
    John Cheong
    BUY S$0.066
    RHB Bank Berhad Download File Alfie Yeo BUY S$0.07
    CGS CIMB Download File Raymond YAP, CFA
    LIM Siew Khee
    Dharmini THURAISINGAM
    Bob SETIADI
    Yongmin KIM
    NON-RATED
    SAC Capital Download File Lim Shu Rong BUY S$0.032

     

    Archive

    2023

    2022

    2021

    2020


    Stock Information

    Price Market Cap (SGDm) Free Float %
    0.0500 187.682 44.6%

    Key Financial Highlights

    Key Highlights 2020 2021 2022
    Revenue (SGDM) 30.8 46.1 86.1
    EBITDA (1.9) 10.0 24.2
    Net Profit (SGDM) (9.2) 14.8 22.0
    Adjusted Net Profit (8.9) 3.0 13.8
    Net D/E -13.6% -14.0% -33.2%

    Your Pathway to Strategic Engagement and Growth