Marco Polo Marine - RHB Research 2025-12-01: Expect Stronger Margins Going Forward; Maintain BUY

• We are more positive on growth after Marco Polo Marine announced better-than-expected gross and operating margins in its FY25 results, with operating profit outperforming strongly. Hence, we raise FY26-27F earnings and Marco Polo Marine's target price further.

FY25 core earnings outperform on better-than-expected margins.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Revenue for shipyard fell due to the construction of its already deployed CSOV, which reduced its shipyard’s capacity for third-party shipbuilding projects. The decline was offset by more shipbuilding projects with higher contract values.

Shipyard utilisation rate improved.

• 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:
2026-01-16 Marco Polo Marine - Expect Higher Revenue From Shipyard; 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