- Initiate coverage on ASL Marine with BUY and a target price of S$0.33. We expect sustained deleveraging, margin stability and dividend resumption to catalyse a valuation re-rating. ASL Marine is a leading Singapore-based integrated marine services group with over 40 years of operations across shiprepair, shipbuilding, and shipchartering.
- - Read this at SGinvestors.io -
- Earnings recovery and deleveraging are on track with structural tailwinds.
Integrated marine platform with strong track record.
- - Read this at SGinvestors.io -
- Listed on the SGX Mainboard since 2003, ASL Marine operates from large-scale shipyards in Singapore and Batam, providing more than 4,000m of berthing space and over 300,000 DWT of dry-docking capacity.
Post-restructuring earnings recovery.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Heldi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-11-04
Read also UOB's most recent report:
2026-02-16 ASL Marine - Strong 1HFY26 Beat On Repair Momentum; Raise Target Price By 23%.
Previous report by UOB:
2026-01-13 ASL Marine - From Surviving To Thriving; Repair Driving Next Phase Of Growth.
Price targets by other brokers at ASL Marine Target Prices.
Listing of research reports at ASL Marine Analyst Reports.
Relevant links:
ASL Marine Share Price History,
ASL Marine Announcements,
ASL Marine Dividend Payout Dates & Corporate Actions,
ASL Marine News
