PapaSierraK
10-22

$MarcoPolo Marine(5LY.SI)$ RHB Singapore has reaffirmed its BUY rating on Marco Polo Marine Ltd (MPM), raising its target price to SGD0.10, representing a potential 15% upside.

The report highlights MPM’s strong growth momentum, driven by its expanding fleet—including two new AHTS vessels that will bring its total to 21 by FY26—and a robust SGD100 million orderbook across oil & gas and offshore wind projects. Supported by upgraded FY26–27F earnings forecasts of 8–10% and an excellent ESG score of 3.1, MPM continues to strengthen its position in the regional marine and offshore services market.

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