Ernest Lim's investing blog

Unique insights into SGX small caps

Lee

Marco Polo Marine – sailing on smoother seas ahead (5 Feb 25)

el15

Dear all, Marco Polo Marine (MPM) has caught my attention. It closed at $0.055 on 5 Feb 2025. Read on as I outline the reasons that it has caught my eye. Firstly, what does MPM do? MPM, listed on the SGX-ST since 2007, is a regional integrated marine logistics company involved in shipping and shipyard operations. The company charters offshore support vessels (OSVs) and tugboats/barges for industries such as mining, construction, and infrastructure across regional waters, including the Gulf of Thailand, Malaysia, Indonesia, and Taiwan. It has expanded into offshore wind farm projects, capitalizing on the growing wind energy industry […]

Markets hit by selling pressure. Is it time to BUY? (23 Oct 23)

el15

Dear all It has been some time since I last wrote an article on market outlook. I have been extremely busy for the past three months where I have been meeting companies and other associates. (Check out my LinkedIn HERE). I have also just arranged an exclusive meetup with Lendlease Reit Manager CEO, Kelvin Chow and Head of Investor Relations, Ling Bee Lin with my clients last Friday. (Click HERE). As of last Friday, Lendlease Reit’s market capitalisation is around S$1.16b. With reference to Chart 1 below, October continues to see the third monthly outflows of funds from China equity markets. […]

Riverstone – Is the recent 32% decline justified? (12 Sep 2020)

el15

Riverstone recently caught my attention. It has tumbled approximately 32% from an intraday high of $4.90 on 7 Aug 2020 to close $3.33 on 11 Sep 2020. One client even thought that Riverstone has already undergone a bonus issue! The recent weakness is likely attributed to its co-founder selling 15.5m shares at $3.95 (Bloomberg cites a 90-day lockup on seller); the possibility of a vaccine resulting in demand for gloves and consequently their average selling price (“ASP”) falling off the cliff and some Malaysia investors selling shares to raise cash, as their moratorium on loan repayment ends (click HERE for […]