In addition, the analyst expects the company’s earnings to grow on the back of more capacity from a larger fleet size and higher shipyard capacity.
RHB Bank Singapore analyst Alfie Yeo has kept his “buy” call and target price of 8 cents on Marco Polo Marine (SGX:5LY
) as he continues to like the company’s prospects.
In his Jan 13 report, the analyst highlighted several positive factors such as the deployment of Marco Polo Marine’s new commissioning service operation vessel (CSOV) in 2025 and the construction of offshore windfarms, which is also expected to drive the vessel’s strong utilisation and charter rate.
