Marco Polo Marine - UOB Kay Hian 2025-11-17: Game-changing Shipbuilding Contract Marks A New Growth Chapter; Raise Target Price By 57%

• The landmark S$198m specialised vessel win boosts orderbook and provides earnings visibility from FY26-29.
• Higher-margin profile expected, with specialised ORV construction likely to lift margins toward the upper end of its historical range, supporting earnings growth.
• We lift our earnings estimates by around 10% for FY26/27. Maintain BUY with a 57% higher Marco Polo Marine's target price.

S$198m contract secures multi-year earnings visibility.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Upside to margin outlook from specialised construction.

• 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/.

Read also UOB's most recent report:
2025-12-02 Marco Polo Marine - FY25 Strong Finish; Positive Outlook For FY26.

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