Broker Name: CGS International
Date of Report: November 13, 2025
Excerpt from CGS International report.
Report Summary
- Marco Polo Marine (MPM) secured its largest-ever newbuild contract valued at S\$198 million for an oceanographic research vessel from Taiwan’s National Academy of Marine Research, to be built over approximately four years at its Batam shipyard.
- The project is expected to significantly boost MPM’s FY27 net profit, with progressive revenue recognition and a targeted 10% gross margin; the company’s target price was raised to S\$0.14, reflecting confidence in its strong earnings growth, diversified fleet expansion, and robust chartering and shipyard operations.
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/
