Marco Polo Marine - RHB Research 2025-11-14: Wins More Contracts; Maintain BUY

• We continue to like Marco Polo Marine (SGX:5LY) for its accelerating growth outlook. Growth should be driven by its new dry dock and four new vessels (including its commissioning service operation vessel or CSOV) in FY26.
• - Read this at SGinvestors.io -

Secures largest vessel construction contact for shipyard worth ~S$198m.

• Marco Polo Marine announced that it has secured a S$198m contract for its shipyard to build an advanced oceanographic research vessel for Taiwan’s National Academy of Marine Research. The contract includes designing and constructing the 4,000 gross tonne oceanographic research vessel. At close to S$200m, the contract is its shipyard’s largest contract win ever.
• - Read this at SGinvestors.io -
• Funding for the vessel’s construction will be internally financed.

Expect higher revenue and earnings base, but lower margins from FY26.

• 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/.

Read also RHB's most recent report:
2025-12-01 Marco Polo Marine - Expect Stronger Margins Going Forward; 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 Dividend Payout Dates & Corporate Actions,
Marco Polo Marine News