Time to buy Marco Polo Marine Ltd?

Time to buy Marco Polo Marine Ltd? According to The Edge Singapore, Marco Polo Marine’s associate company, PT Pelay...

According to The Edge Singapore, Marco Polo Marine’s associate company, PT Pelayaran Nasional Bina Buana Raya Tbk, has just registered for an initial public offering of shares on the Indonesia Stock Exchange. According to Kim Eng, MPM’s stake in BBR could be worth about 31% of its current market capitalisation given that it is able to list at 8x forward PER. If listing eventuates, it would help crystallize the value for MPM and provide major re-rating catalyst for the share price.

Full article: http://thefinance.sg/2012/09/28/time-to-buy-marco-polo-ma...