Features

Marco Polo Marine upgraded to ‘buy’
Jul. 15, 2021
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Rationalisation of the offshore service vessel industry, signs of recovery in the traditional oil and gas sector, and diversification to offshore renewables are providing a tailwind of recovery for listed Marco Polo Marine (MPM).

UOB Kay Hian has noted these trends and upgraded the marine support services company’s stock to “buy”, with a target price of 3.6 cents.

The shares, which have been trending upwards in recent days, closed at 2.8 cents yesterday.