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We continue to be positive on Marco Polo Marine (SGX:5LY) due to its accelerating growth outlook and injection of its shipyard business to Fuji Offset Plates (SGX:508).
- - Read this at SGinvestors.io -
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Marco Polo Marine's share price trades at a PEG of <1 at ~15x FY27F P/E.
Injects shipyard business to Fuji Offset, higher target price based on new SOP methodology.
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We are positive on Marco Polo Marine's recent announcements of its shipyard business’ injection into Fuji Offset Plates while receiving a 74.6% ownership stake in the latter. It will be paid a base of S$120m and deferred consideration of up to S$19m.
- - Read this at SGinvestors.io -
Keep BUY with higher S$0.21 target price.
- 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/.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2026-02-23
Read also RHB's most recent report:
2026-07-16 Marco Polo Marine - Secures More Contract Work For CSOVs; 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
