Updated: 14 December 2025 — Marco Polo Marine Ltd (SGX:5LY) ended the latest trading week near a fresh 52-week high, with the share price last seen at S$0.160 after Friday’s close (markets are closed on Sunday). The rally has been fueled by a busy run of catalysts: a fresh analyst target-price upgrade, continued digestion of FY2025 results, a small employee share option (ESOS) share issuance, and broader visibility themes tied to SGX’s “Next 50” index ecosystem. SGX Links
Below is a detailed, publication-ready breakdown of what’s driving Marco Polo Marine stock this week, what analysts are forecasting, and what to watch in the week ahead.
Marco Polo Marine share price: where the stock stands (as of 14 Dec 2025)
Because 14 December falls on a weekend, the most recent market reference is Friday, 12 December 2025. The stock was trading around S$0.160, with the session’s day range reported around S$0.154 to S$0.163—placing it right at the upper edge of its 52-week range (S$0.033 to S$0.163). MarketWatch
Trading activity has also been conspicuously elevated. Market data showed roughly 94.88 million shares traded in the latest session—well above typical recent averages in some feeds—an important signal for both momentum traders and institutional-watchers tracking liquidity. MarketWatch
What that means in plain English: the stock is not just rising—it’s doing so with heavy participation, which tends to keep it on watchlists (and, often, in algorithmic discovery surfaces).
This week’s key news: what moved Marco Polo Marine stock in the last few days
1) CGS International raised its target price to S$0.20 (and stayed bullish)
The most market-moving piece of commentary in the past week came from CGS International, which raised its target price to 20 cents from 14 cents and maintained an “add” call, citing a “better yard outlook” after attending the company’s analyst briefing. The Edge Singapore
CGS highlighted several points that investors have latched onto:
- Marco Polo Marine is actively pursuing shipbuilding contracts, with management indicating it has two empty construction slots available. The Edge Singapore
- The company is seeing strong enquiries for repair work, and is prioritising higher-value repair contracts, preferably under longer-term frameworks (CGS referenced a master service agreement structure). The Edge Singapore
- Management discussions with offshore wind players were described as “promising,” including the possibility of a long-term charter that CGS noted could be signed by 1Q2026. The Edge Singapore
- CGS also incorporated expectations around revenue recognition for the Taiwan newbuild (more on that below) and even assumed two additional newbuild contracts (CGS cited “$130 million each” over FY2026–FY2028 in its model assumptions). The Edge Singapore
Why it matters: a 20-cent target price becomes a psychological “magnet” in a fast-moving mid-cap—especially when the stock is already trading near multi-month highs.
2) ESOS dilution headline: 615,000 new shares issued at S$0.067
On the corporate filing side, Marco Polo Marine disclosed a modest share issuance tied to option exercises under its Employee Share Option Scheme (2024).
- 615,000 new shares were issued
- at an exercise price of S$0.067
- increasing issued shares (excluding treasury shares) from 3,755,716,080 to 3,756,331,080
- with listing/quotation stated for 11 December 2025 ShareInvestor
This is, mathematically, tiny dilution—about 0.016% of the prior share base (615,000 ÷ 3,755,716,080). Still, the market often flags any new issuance in momentum names, so it’s worth noting.
3) SGX “Next 50” index review: a visibility tailwind (even if indirect)
SGX Indices announced the December 2025 quarterly review for the iEdge Singapore Next 50 indices, with changes effective when trading begins 22 December 2025. SGX Links
The official SGX release focuses on index constituent additions/removals. Separately, market commentary has linked Marco Polo Marine to the broader “Next 50” visibility narrative, including mention of a reserve list concept in third-party reporting—relevant because index ecosystems can influence investor attention and, at the margin, passive/structured flows. The Edge Singapore
FY2025 results recap: strong profit headline, but investors are parsing the quality
Marco Polo Marine’s latest financials remain central to the stock’s rerating story—especially because they combine operational improvement with non-recurring gains.
Headline numbers (FY2025 vs FY2024)
From the company’s FY2025 results announcement (year ended 30 Sep 2025):
- Revenue:S$122.814 million (vs S$123.530 million)
- Gross profit:S$54.221 million (vs S$48.515 million)
- Profit attributable to equity holders:S$58.515 million (vs S$21.700 million) SGX Links
Even with revenue slightly lower year-on-year, gross profit rose—implying margin improvement and/or mix shift.
The “what’s really doing the work” line items
The results also show significant “extraordinary” or non-core boosts to profitability, including:
- Reversal of impairment loss on property, plant and equipment:S$22.394 million
- Reversal of impairment loss on amount due from a joint venture:S$5.940 million
- Net foreign currency exchange gain:S$6.096 million
- Gain on disposal of investment in joint venture:S$3.240 million SGX Links
Investor takeaway: the FY2025 profit surge is real, but part of it is driven by items that may not repeat every year—so valuation debates now revolve around what “normalised earnings” should look like.
Segment split: ship chartering grew; shipyard revenue softened
The segment disclosure shows a notable mix shift:
- Ship chartering services revenue:S$80.197 million
- Ship building & repair services revenue:S$42.617 million
- Total:S$122.814 million SGX Links
This matters because chartering often carries different margin and cyclicality profiles than shipyard activity—and the market increasingly values Marco Polo Marine as a hybrid of offshore support / offshore wind services + shipyard optionality.
Dividend: 0.15 cent proposed, but key dates still pending
The company disclosed a final dividend of 0.15 cent per share (tax-exempt one-tier), with the payable date and books closure date to be announced later. SGX Links
At a reference price of S$0.160, that implies a simple headline yield around 0.94% (S$0.0015 ÷ S$0.160), but investors should treat this as indicative until the timetable is confirmed. SGX Links
The long-duration catalyst still in play: the S$198 million Taiwan NAMR newbuild contract
Although not “this week” news, the biggest structural growth headline from recent weeks remains the contract to design and build an advanced oceanographic research vessel for Taiwan’s National Academy of Marine Research (NAMR):
- Contract value: NT$4.678 billion (~S$198 million)
- Scope: design and construction of a 4,000 GT oceanographic research vessel
- Build location: Batam, Indonesia
- Timeline: 1,460 days (~4 years)
- Funding: stated to be self-financed through internal cashflows, with no project-specific debt required SGX Links
Why this matters for the stock in late 2025:
- It demonstrates the yard can win sizeable projects beyond traditional oil & gas.
- It potentially contributes to a more visible, multi-year revenue pipeline—something analysts are now modelling more aggressively. The Edge Singapore
Analyst forecasts and price targets: where expectations sit now
The new “ceiling” in focus: CGS International at S$0.20
CGS moved to S$0.20 and kept “add”, explicitly tying the upgrade to yard outlook, contract momentum, and offshore-wind-related charter discussions—and it pointed to potential rerating catalysts including further shipbuilding wins and a charter contract win for a second CSOV. The Edge Singapore
Upside math (from S$0.160 to S$0.200):
- Difference: 0.200 − 0.160 = 0.040
- Percentage: 0.040 ÷ 0.160 = 0.25 → 25% implied upside (ignoring dividends). Investing
The earlier post-results baseline: targets around S$0.14
Earlier in December, broker commentary clustered around the S$0.14 area after the FY2025 results release, with reports noting both CGS and RHB constructive on the name at the time. The Edge Singapore
Broader broker range (compiled by market feeds)
Market compilation feeds list multiple target prices and rating reiterations/adjustments across late November and December (including CGS, RHB, UOB Kay Hian, and Maybank). MarketScreener
Consensus snapshot
One retail-facing consensus tracker listed a consensus target around the mid-teens (approximately S$0.165) as of 14 Dec 2025, which—if accurate—would imply the market is closer to “fair value” than “deep discount” after the recent run. Beansprout
Technical and positioning read: why S$0.163 matters
Without turning this into a charting sermon, the price levels are straightforward:
- The stock’s reported 52-week high is around S$0.163. Investing
- The most recent session’s lower bound was around S$0.154, which becomes an obvious near-term reference for support watchers. Investing
- Volume has been unusually strong (tens of millions of shares daily in the latest prints), which often amplifies both upside breakouts and downside pullbacks. MarketWatch
In practical terms: a clean break and hold above the recent highs can attract incremental momentum flows; failure to hold recent support can trigger fast profit-taking. That’s not magic—just how crowded trades behave.
Week ahead (15–19 Dec 2025): what investors will be watching
1) Any contract-related updates (shipbuilding, repairs, chartering)
CGS’ upgrade narrative leans heavily on the idea that Marco Polo Marine is pursuing additional shipbuilding contracts and higher-value repair work, plus potential offshore wind charter wins. Any SGX announcement confirming new awards or long-term charter coverage would likely be market-moving. The Edge Singapore
2) Dividend timetable clarity
The dividend amount is disclosed, but payable date and books closure date were still “to be announced later” in the results materials. A follow-up corporate action timetable could become a near-term attention catalyst (especially for yield-focused buyers). SGX Links
3) Index ecosystem headlines into late December
SGX’s iEdge Next 50 index review changes become effective 22 December 2025 (the following week). While Marco Polo Marine is not listed as a change item in the official release, the broader “visibility and participation” theme can still influence rotation behaviour as the market approaches the effective date. SGX Links
4) Cash flow vs profit debate (a real risk to monitor)
One critical “week-ahead” discussion point is quality of earnings: commentary in recent days has highlighted that free cash flow may not have matched the profit surge—an issue that can cap valuation multiples if investors conclude that earnings are less cash-realised than they appear. Futu News
5) ESOS overhang: small now, but the outstanding pool exists
The latest issuance was tiny, but the FY2025 reporting materials disclosed 41.96 million ESOS options outstanding as of 30 Sep 2025—large enough to be a medium-term dilution factor investors track, especially during strong rallies. SGX Links
Bottom line
Marco Polo Marine (SGX:5LY) heads into the new week with strong momentum: the stock is trading near its 52-week high, supported by a high-profile target-price upgrade to S$0.20, sustained interest in its offshore wind and shipyard growth runway, and a multi-year S$198 million specialised newbuild contract that reinforces longer-term revenue visibility. The Edge Singapore
At the same time, the market is now doing “second-order thinking”: separating repeatable operating performance from one-off boosts and watching whether cash generation catches up to the earnings headline. That tension—between growth narrative and earnings quality—will likely define how the stock behaves through the rest of December. SGX Links
