Marco Polo Marine's Growth Outlook Appears to Be Accelerating -- Market Talk

Dow Jones01-16

0503 GMT - Marco Polo Marine's growth outlook appears to be accelerating, RHB Research's Alfie Yeo says in a research report. Revenue from its new shipyard could be stronger than expected, the analyst says. The marine logistics group may take about three years instead of four years to deliver a S$198 million vessel, and its new dry dock operation could ramp up faster than anticipated. RHB now expects the company's four dry docks and the contract for the vessel to contribute over S$120 million in revenue in FY 2026, assuming a three-year delivery time frame for the vessel. RHB raises the stock's target price to S$0.177 from S$0.140 with an unchanged buy rating. Shares are 1.3% lower at S$0.151. (ronnie.harui@wsj.com)

 

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January 16, 2026 00:03 ET (05:03 GMT)

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