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SAC Capital initiates coverage on Marco Polo Marine with 'buy' call at 3.2 cent price target

Amala Balakrishner
Amala Balakrishner1/4/2022 10:43 PM GMT+08  • 3 min read
SAC Capital initiates coverage on Marco Polo Marine with 'buy' call at 3.2 cent price target
The 3.2 cent target is pegged to 8.0x FY2022 EV/EBITDA
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SAC Capital is initiating coverage on integrated marine logistics company Marco Polo Marine with a ‘buy’ call and target price of 3.2 cents.

This is up 5 cents from the counter’s 2.7 cent price on Jan 3, analyst Lim Shu Rong writes in a report.

Lim's 3.2 cent target is pegged to 8.0x FY2022 enterprise value to earnings before interest, taxes, depreciation, and amortisation ratio. This is the median for the offshore sector and close to that of ASL Marine – Marco Polo Marine’s closest peer.

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