Marco Polo Marine Set to Gain From Good Demand and Charter Rates -- Market Talk

Dow Jones03-26

0314 GMT - Marco Polo Marine stands to benefit from good demand and charter rates for its offshore support vessels, UOB Kay Hian analysts say in a research report. Oil-and-gas activities have continued to pick up, leading to solid demand for OSVs, the analysts say. Also, there has been a swift rise in offshore wind-energy projects, particularly in Asia-Pacific, where Marco Polo Marine operates, and the Singapore company will likely enjoy stronger demand for its OSVs and favorable charter rates, the analysts add. They raise the stock's target price to S$0.086 from S$0.070 with an unchanged buy rating. Shares are 1.6% lower at S$0.060. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 25, 2024 23:14 ET (03:14 GMT)

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Also, there has been a swift rise in offshore wind-energy projects, particularly in Asia-Pacific, where Marco Polo Marine operates, and the Singapore company will likely enjoy stronger demand for its OSVs and favorable charter rates, the analysts add. They raise the stock's target price to S$0.086 from S$0.070 with an unchanged buy rating. Shares are 1.6% lower at S$0.060. 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Oil-and-gas activities have ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5LY.SI","symbol_name":"马可波罗海业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422268208","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422268208","pubTimestamp":1711422840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0314 GMT - Marco Polo Marine stands to benefit from good demand and charter rates for its offshore support vessels, UOB Kay Hian analysts say in a research report. 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