- Marco Polo Marine said its 49%-subsidiary, PKR Offshore, aims to submit its listing application to the Taiwan bourse by 3Q26. This will be significant as it should enable Marco Polo Marine to raise funds for its fleet expansion at a much higher multiple as Taiwan peers are trading at an average 20x+ P/E as compared to 10x in Singapore. This should help boost Marco Polo Marine’s valuation from the current 8.4x FY26E.
- - Read this at SGinvestors.io -
Taiwan listing should boost valuations.
- - Read this at SGinvestors.io -
- Also by listing in Taiwan, Marco Polo Marine is positioning PKR Offshore at the epicentre of one of Asia’s most ambitious offshore wind development programs.
- Marco Polo Marine should also be able to raise funds at a better valuation and expand its fleet size at a faster pace. It should be able to secure loans at a lower rate which should lower its financing costs.
S$5m repair contract + 3-year Cyan agreement
- Read more at SGinvestors.io.
