RHB’s small cap Asean research team is maintaining its ‘buy’ call and target price of 4.1 cents on Marco Polo Marine. This is expected to give the counter a 33% upside from its current 3 cent price, analyst Jarick Seet writes in an Aug 31 note. His move comes as the group’s revenue for 9MFY2...

THE following companies saw new developments that may affect trading of their securities on Tuesday:

INTEGRATED marine logistics company Marco Polo Marine's revenue for the nine months ended June 30 has since outpaced its FY2020 full-year revenue of S$30.8 million, driven by strength in both shipyard and ship chartering segments.

Photo: Marco Polo Marine 1. Could you elaborate on Marco Polo Marine’s business segments and focus? Marco Polo Marine operates two main business segments: The first segment is Shipbuilding & repair which provides shipbuilding and repair activities from our shipyard at Batam, Indonesia. Over th...

UOB Kay Hian (UOBKH) is maintaining its “buy” call on Marco Polo Marine (MPM), but at revised target price of 3.6 cents. This is up 1.6 cents from their previous 2 cent call and is believed to give the counter an upside of 28.6%, analyst Clement Ho explains in a July 14 note. His move follows th...

The Sim family that controls HRNetGroup has seen an increase in its stake in the leading regional recruitment company. On June 30, Simco acquired 25.8 million shares for 62.5 cents each via a married deal. Simco is the privately-held vehicle of the Sims. Simco’s beneficial owners, via a trust stru...

Sembcorp Industries’ share price - now at $2.16 - bounced off its 50-day moving average at $2.09 on June 17. At the same time, short term indicators have bounced their equilibrium lines suggesting the likelihood of an upmove. Resistance/ breakout stays at the twice-tested $2.21 level. Volume expan...

MARCO Polo Marine, which repairs and builds ships, could be a play on the renewable energy theme, said RHB.

RHB has initiated coverage on Marco Polo Marine with a "buy" call and a target price of 4.1 Singapore cents, on an expected turnaround on renewable energy.

RHB’s Jarick Seet has initiated coverage of Marco Polo Marine with a “buy” call and 4.1 cents target price, an upside of around a third from current levels. “We believe that Marco Polo Marine’s diversification into servicing the renewable energy sector will bear fruit in the next 1-2 years...