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

• Marco Polo Marine share price weakness recently (-20% since Apr 2024) does not appear to be related to its fundamentals. In fact, the outlook for Marco Polo Marine (SGX:5LY) has improved as chartering rates continue to rise.
• - Read this at SGinvestors.io -

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 SGinvestors.io -
• 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

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-02-19 Marco Polo Marine - Earnings Uplift In 2HFY25E.

Previous report by Maybank:
2024-12-03 Marco Polo Marine - Exciting Times Ahead.

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 Dividend Payout Dates & Corporate Actions,
Marco Polo Marine News