Marco Polo Marine - RHB Research 2025-09-16: Growth To Accelerate Next Year; Maintain BUY

• We continue to like Marco Polo Marine for its accelerating growth outlook. Growth is expected to be driven by a new dry dock and four new vessels including its commissioning service operation vessel (CSOV) in FY26.
• - Read this at SGinvestors.io -

CSOV deployed, expect growth to accelerate.

• Marco Polo Marine has deployed its first CSOV, which made its maiden contribution in 3QFY25. Of the S$54m revenue recognised in 9MFY25, the CSOV and its three newly purchased crew transfer vessels (CTVs) contributed significantly, with S$11m.
• We expect Marco Polo Marine’s growth to accelerate, as its CSOV and three new CTVs will contribute a full year’s revenue from FY26 onwards.
• - Read this at SGinvestors.io -

1H25 gross profit in line, margins outperformed as revenue missed expectations.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-02-14 Marco Polo Marine - CSOV Scheduled For Imminent Deployment; Keep 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 Dividend Payout Dates & Corporate Actions,
Marco Polo Marine News