0725 GMT - Marco Polo Marine's upcoming deployment of new commissioning service operation vessel in FY 2025 looks promising, RHB Research's Alfie Yeo says in a report. The vessel, set for deployment in the coming weeks, has secured charters at high rates for the next three years and is taking on more orders beyond that, the analyst notes. The integrated marine logistics group's earnings are expected to be supported by ship chartering from the rest of its fleet, driven by factors such as better utilization and higher charter rates, the analyst adds. RHB maintains a buy rating and a target price of S$0.08 on the shares, which are 1.85% higher at S$0.055. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 17, 2025 02:25 ET (07:25 GMT)
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