Marco Polo Marine Earnings Set to Gain From Vessel Contracts -- Market Talk
Dow Jones
Feb 26
0352 GMT - Marco Polo Marine's earnings are set to benefit from vessel contracts, UOB Kay Hian analysts say in a research report. Its S$198 million contract to design and construct a research vessel spans about four years, with more meaningful earnings contribution expected from FY 2027, the analysts say. The integrated shipping company's two new anchor handling tug supply vessels are slated to join the fleet this year, and are likely to contribute from FY 2027. The brokerage maintains the stock's buy rating while slightly raising its target price to S$0.190 from S$0.188 based on an estimated FY 2026 P/E ratio of 20.5 times. Shares are unchanged at S$0.150. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 25, 2026 22:52 ET (03:52 GMT)
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