0216 GMT - Marco Polo Marine's FY2025 deployment of a new commissioning service operation vessel appears positive, RHB Research's Alfie Yeo says in a report. The vessel has secured charters at robust rates for the next three years and is taking more orders beyond that. The marine logistics group's earnings are likely to be supported by ship chartering from the rest of its fleet, driven by better utilization and charter rates, more vessels, and higher drydock capacity. RHB maintains a buy rating on the stock while trimming the target price to S$0.07 from S$0.08 to reflect reduced FY 2025-2027 earnings forecasts stemming from weaker-than-expected 1H FY 2025 results. Shares are unchanged at S$0.044. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 05, 2025 22:16 ET (02:16 GMT)
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