- We accompanied Marco Polo Marine on a non-deal roadshow (NDR) to meet institutional investors in Kuala Lumpur on 30 Oct and came away more bullish on its prospects.
- - Read this at SGinvestors.io -
- The manpower shortage issue has also improved with 3rd party repairs likely to rebound in FY25E. We also expect 1-2 CTV to be further acquired in 2025, increasing its CTV fleet size to 4-5 vessels.
CSOV completion on track for end-Jan 2025
- Based on our channel checks, the CSOV is close to completion and should sail to Taiwan by end-Jan 2025. We think potential issues may arise during the first 6-8 months for this newly constructed vessel which could potentially bring down its initial utilisation rate but it should be smooth sailing by FY26E.
- - Read this at SGinvestors.io -
Repair revenue likely to rebound in FY25E
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank.com/ 2024-11-01
Read also Maybank's most recent report:
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 Dividends & Corporate Actions,
Marco Polo Marine News Articles
