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Intraday Market Ticker Help

Intraday Market Ticker
Time Name Type Price Vol
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Name Last Change
Kim Heng0.106+0.004
Keppel Reit1.150-0.050
Rex Intl0.235-
MarcoPolo Marine0.028-0.001
Suntec Reit1.460-0.010
Silverlake Axis0.275+0.015
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News - Detailed News Story

Marco Polo Marine a play on renewable energy: RHB

18 Jun 2021 09:00

By Elysia Tan

MARCO Polo Marine, which repairs and builds ships, could be a play on the renewable energy theme, said RHB.

The brokerage has initiated coverage on Marco Polo with a "buy" call and a target price of 4.1 Singapore cents, citing growth potential from the company's entry into the offshore windfarm space.

Marco Polo is also in the business of chartering offshore support vessels (OSVs), and has begun serving windfarms in Taiwan.

In a Wednesday report, RHB analyst Jarick Seet said that Marco Polo's diversification is expected to bear fruit in the next one or two years.

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Source: Business Times

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