Thursday, September 29, 2011

Marco Polo

Marco Polo: Secured a ship upgrading contract with an existing third-party customer, worth about $8.5m, for its Batam shipyard. Co also announced that it has witnessed a significant increase in the number of ship repair contracts secured from new and existing customers in the last 6 mths but did not disclose any figures. Marco Polo trades at approx 7.7x current P/E with ASL at 6.5x

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