ASL Marine's Postrestructuring Earnings Recovery Seems to Be on Track -- Market Talk

Dow Jones
11/05

0124 GMT - ASL Marine' postrestructuring earnings recovery seems to be on track, UOB Kay Hian's Heidi Mo says in a research report. FY 2025 marked a major turnaround for the marine services group, with net profit surging 287% due to stronger project execution and margin expansion, the analyst notes. With its legacy restructuring charges now fully rolled off, the Singapore-listed company enters FY 2026 with a clean base and steady profitability. Its high-margin ship-repair segment offers steady earnings, underpinned by structural tailwinds from an ageing global fleet and upcoming third floating dock. The brokerage initiates coverage of the stock with a buy rating and a target price of S$0.33. Shares are 2.0% lower at $0.245. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

November 04, 2025 20:24 ET (01:24 GMT)

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