Marco Polo Marine's Earnings Outlook Seems Upbeat

Dow Jones
08/27

0223 GMT - Marco Polo Marine's earnings outlook seems upbeat, says RHB Research's Alfie Yeo in a note, noting a growing fleet and higher shipyard utilization supporting the Singapore offshore and marine company's growth prospects. The company's 3Q business update signaled that the company is on track to deliver revenue growth through higher shipyard revenue and newly deployed vessels, the analyst says. He expects higher shipyard capacity and four new vessels to support FY 2026 growth, while FY 2027 gains should be bolstered by revenue from the construction of a around 200 million Singapore dollar vessel order and a larger charter fleet. RHB maintains its buy rating and S$0.21 target price. Shares are flat at S$0.128.

 

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