Broker Name: CGS International
Date of Report: October 3, 2025
Excerpt from CGS International report.

Report Summary

• CGS International reiterates an Overweight rating on Singapore’s Offshore & Marine sector, citing strong structural tailwinds, tight vessel supply, high utilisation rates, and attractive valuations.
• Marco Polo Marine (MPM) and Pacific Radiance (PACRA) are highlighted as key beneficiaries, with both companies expanding fleets for oil & gas and offshore wind markets; both are expected to see long-term growth, supported by resilient charter rates, limited newbuild supply, and strong demand for ship repairs and maintenance.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com