- We continue to like Marco Polo Marine as we remain positive on the deployment of its new commissioning service operation vessel (CSOV) in FY25F.
- Construction of offshore windfarms is also expected to drive the vessel’s strong utilisation and charter rate. Further, we expect earnings to be supported by firm offshore support vessel (OSV) demand for ship chartering, driven by better utilisation and charter rates.
Outlook continues to be firm.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- In the shipyard segment, capacity is expected to increase with the planned expansion into a fourth dry dock scheduled for completion in 1HFY25. We expect a larger fleet size, higher shipyard capacity, and firm demand environment for ship chartering to support growth going forward.
3QFY24 revenue on track, gross profit outperforms.
- Read more at SGinvestors.io.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2024-10-17
Previous report by RHB:
2024-05-27 Marco Polo Marine - Firm Outlook Ahead; Maintain BUY.
Price targets by 2 other brokers at Marco Polo Marine Target Prices.
Listing of research reports at Marco Polo Marine Analyst Reports.
Relevant links:
Marco Polo Marine Share Price History,
Marco Polo Marine Announcements,
Marco Polo Marine Dividends & Corporate Actions,
Marco Polo Marine News Articles
