Marco Polo Marine - Maybank Research 2024-07-05: Share Price Weakness An Opportunity To Accumulate

Marco Polo Marine - Share Price Weakness An Opportunity To Accumulate

Marco Polo Marine (SGX:5LY) | SGinvestors.ioMarco Polo Marine (SGX:5LY)

First CTV operational in South Korea

  • Marco Polo Marine’s subsidiary, PKR Offshore, in Taiwan signed an agreement to charter CTVs in APAC to support windfarm customer Siemens Gamesa’s offshore wind projects in Taiwan and South Korea. We expect Marco Polo Marine to start supplying 2 CTVs by end-2024 and eventually grow to a sizable fleet of 10-15 CTVs within 4-5 years.
  • - Read this at -
  • Marco Polo Marine’s first CTV is already operational in South Korea and it’s likely to add another by the end of 2024.

No delay in CSOV – likely operational in Oct 24

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Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @

Jarick Seet Maybank Research | 2024-07-05

Previous report by Maybank:
2024-04-17 Marco Polo Marine - Landmark Financing Secured.

Price targets by 2 other brokers at Marco Polo Marine Target Prices.

Listing of research reports at Marco Polo Marine Analyst Reports.

Relevant links:
Marco Polo Marine Share Price History,
Marco Polo Marine Announcements,
Marco Polo Marine Dividends & Corporate Actions,
Marco Polo Marine News Articles


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